SM 131 knowledge check questions
ACTUAL QUESTIONS AND CORRECT
ANSWERS
The emergence of management has converted this from a social ornament and luxury into the
true capital of any economy: - CORRECT ANSWERS✅✅Knowledge
According to Drucker, which of the following allowed low-wage countries to become
efficient enough to compete with higher-wage countries? - CORRECT
ANSWERS✅✅Training
According to Drucker, which of the following is the single largest reason for the decline of
existing organizations: - CORRECT ANSWERS✅✅Lack of innovation
According to Drucker, which of the following is most responsible for the sacrifice of long-
range wealth-producing capacity to short-term gains? - CORRECT ANSWERS✅✅Hostile
takeovers
Drucker would be more likely to believe that: - CORRECT ANSWERS✅✅Balancing a
professional education with humanities/liberal arts is critical
According to Drucker, the one valid definition of business purpose is to create a customer.
According to Drucker, which of the following best described what customers value? -
CORRECT ANSWERS✅✅Maximizing the utility that the product provides them with
Drucker believes that the business enterprise only has two basic functions. They are: -
CORRECT ANSWERS✅✅Innovation and marketing
Which of the following is the first and most crucial question to be asked in defining the
purpose and mission of a business? - CORRECT ANSWERS✅✅Who is our customer?
Which of the following is NOT a characteristic of business objectives? - CORRECT
ANSWERS✅✅They determine the future of the business
, Which of the following leadership principles is not a leadership principle at Walmart? -
CORRECT ANSWERS✅✅Lower customers' expectations
Which is true of corporations? - CORRECT ANSWERS✅✅They can draw large amount of
capital from many investors
Triple bottom line is often also called: - CORRECT ANSWERS✅✅Profit, People, Planet
SDG stands for - CORRECT ANSWERS✅✅Sustainable Development Goals
Companies often make supply chain decisions based on which criteria: - CORRECT
ANSWERS✅✅Labor costs
Labor regulations
Environmental standards
Tax laws
The SDG compass is: - CORRECT ANSWERS✅✅A guide to help companies measure and
manage their contribution to SDG's.
According to the reading, what percentage of companies are impacted by SDG's? -
CORRECT ANSWERS✅✅About 100%
Sustainable business practices should produce results which are: - CORRECT
ANSWERS✅✅Viable
Equitable
Sustainable
Bearable
What is greenwashing? - CORRECT ANSWERS✅✅Seeking to convey the image of CSR
when it is not true.
ACTUAL QUESTIONS AND CORRECT
ANSWERS
The emergence of management has converted this from a social ornament and luxury into the
true capital of any economy: - CORRECT ANSWERS✅✅Knowledge
According to Drucker, which of the following allowed low-wage countries to become
efficient enough to compete with higher-wage countries? - CORRECT
ANSWERS✅✅Training
According to Drucker, which of the following is the single largest reason for the decline of
existing organizations: - CORRECT ANSWERS✅✅Lack of innovation
According to Drucker, which of the following is most responsible for the sacrifice of long-
range wealth-producing capacity to short-term gains? - CORRECT ANSWERS✅✅Hostile
takeovers
Drucker would be more likely to believe that: - CORRECT ANSWERS✅✅Balancing a
professional education with humanities/liberal arts is critical
According to Drucker, the one valid definition of business purpose is to create a customer.
According to Drucker, which of the following best described what customers value? -
CORRECT ANSWERS✅✅Maximizing the utility that the product provides them with
Drucker believes that the business enterprise only has two basic functions. They are: -
CORRECT ANSWERS✅✅Innovation and marketing
Which of the following is the first and most crucial question to be asked in defining the
purpose and mission of a business? - CORRECT ANSWERS✅✅Who is our customer?
Which of the following is NOT a characteristic of business objectives? - CORRECT
ANSWERS✅✅They determine the future of the business
, Which of the following leadership principles is not a leadership principle at Walmart? -
CORRECT ANSWERS✅✅Lower customers' expectations
Which is true of corporations? - CORRECT ANSWERS✅✅They can draw large amount of
capital from many investors
Triple bottom line is often also called: - CORRECT ANSWERS✅✅Profit, People, Planet
SDG stands for - CORRECT ANSWERS✅✅Sustainable Development Goals
Companies often make supply chain decisions based on which criteria: - CORRECT
ANSWERS✅✅Labor costs
Labor regulations
Environmental standards
Tax laws
The SDG compass is: - CORRECT ANSWERS✅✅A guide to help companies measure and
manage their contribution to SDG's.
According to the reading, what percentage of companies are impacted by SDG's? -
CORRECT ANSWERS✅✅About 100%
Sustainable business practices should produce results which are: - CORRECT
ANSWERS✅✅Viable
Equitable
Sustainable
Bearable
What is greenwashing? - CORRECT ANSWERS✅✅Seeking to convey the image of CSR
when it is not true.
