Bus 4500 Exam 2 (8-13) Final Test
Questions And All Correct Answers.
philanthropy - Answer The desire to promote the welfare of others expressed especially by the
generous donations of money to good causes.
What is the giving pledge? - Answer An effort to help address society's most pressing problems by
inviting the wealthiest to commit more than 1/2 of their wealth back to society at some point.
Concerns with corporate philanthropy - Answer -Companies do not know where to put their money
- This is why companies are working with non-profits to help decide where there money can go.
What is "giving after disasters" - Answer Companies efforts to help those who suffer natural disasters.
This could be money, charity, or volunteer work (philanthropy)
Corporate Social Responsibility - Answer Companies integrating social/environmental concerns in their
business operations and in their transactions with stake holders on a voluntary basis.
How are companies transitioning CSR - Answer They are now realizing that since they are giving they
are finding ways to also develop.
Strategy in CSR - Answer Companies need strategy to determine how they can develop through CSR.
Since they have to give due to their responsibility, they are now trying to grow as a company and benefit
form it.
Social enterprise is known as the... - Answer Umbrella Term
Social enterprises are... - Answer Hybrid Organizations
Three types of social enterprises - Answer -Non-Proft
-For-Profit
,-L3C
L3C - Answer -low profit, limited liability company
-They are saying that they will a low profit company
-They are created for charitable reasons
Social business model - Answer -A business that is dedicated to solving social/environmental problems
-A specific problem that is designed to help solve an issue
4 Characteristics of the social business model - Answer 1. Seek to alleviate social problems including all
forms of poverty
2. Must be ran sustainably, that is it should not lose money
3. Profits, when they exist are filtered back through the company. (Investors only get back what they put
in)
4. Are frequently embedded within existing organizations
True or false Social business models are exclusive to only certain people? - Answer TRUE
Dannon yogurt example - Answer -Social business model
-People in Bangladesh were malnourished so they created a yogurt with more nutrients specifically for
those people
The root of responsibility is to - Answer To pledge back
Groundswell Company example - Answer -Philanthropy
-Empower a new generation of modern philanthropists
PURPOSE IS NOT.... - Answer CSR
, PURPOSE IS... - Answer authentic expression of what your company and customers can do to build a
better future
Biotite example - Answer -Social business model
-Helped aim to create bottles for people who did not have access to clean water
Performance w/ Propose VS. CSR **VIDEO** - Answer -Performance w/ Purpose is how a company
makes money and remains sustainable while changing the way they operate. (Being more
environmentally friendly)
-CSR is running a business however you want to but doing charity work on the side.
Pioneering Social Change **VIDEO** - Answer -People in Bangladesh only needed $27 a day to break
out of poverty
-Micro financing to help them take small loans out
social entrepreneurship - Answer They see potential, see opportunities,
tackle the big problems (education, healthcare, housing, water, climate change)
Social Entrepreneurs do not see to _____________ they _____________ then see - Answer see to
believe; believe then see
Biotites main mission was.... - Answer reducing energy poverty
A new type of organization that is a hybrid between non-profits and a for-profit LLC is known as a(n)
A. NGO.
B. L3C.
C. Benefit Corporation.
D. B Corp. - Answer B. L3C.
Questions And All Correct Answers.
philanthropy - Answer The desire to promote the welfare of others expressed especially by the
generous donations of money to good causes.
What is the giving pledge? - Answer An effort to help address society's most pressing problems by
inviting the wealthiest to commit more than 1/2 of their wealth back to society at some point.
Concerns with corporate philanthropy - Answer -Companies do not know where to put their money
- This is why companies are working with non-profits to help decide where there money can go.
What is "giving after disasters" - Answer Companies efforts to help those who suffer natural disasters.
This could be money, charity, or volunteer work (philanthropy)
Corporate Social Responsibility - Answer Companies integrating social/environmental concerns in their
business operations and in their transactions with stake holders on a voluntary basis.
How are companies transitioning CSR - Answer They are now realizing that since they are giving they
are finding ways to also develop.
Strategy in CSR - Answer Companies need strategy to determine how they can develop through CSR.
Since they have to give due to their responsibility, they are now trying to grow as a company and benefit
form it.
Social enterprise is known as the... - Answer Umbrella Term
Social enterprises are... - Answer Hybrid Organizations
Three types of social enterprises - Answer -Non-Proft
-For-Profit
,-L3C
L3C - Answer -low profit, limited liability company
-They are saying that they will a low profit company
-They are created for charitable reasons
Social business model - Answer -A business that is dedicated to solving social/environmental problems
-A specific problem that is designed to help solve an issue
4 Characteristics of the social business model - Answer 1. Seek to alleviate social problems including all
forms of poverty
2. Must be ran sustainably, that is it should not lose money
3. Profits, when they exist are filtered back through the company. (Investors only get back what they put
in)
4. Are frequently embedded within existing organizations
True or false Social business models are exclusive to only certain people? - Answer TRUE
Dannon yogurt example - Answer -Social business model
-People in Bangladesh were malnourished so they created a yogurt with more nutrients specifically for
those people
The root of responsibility is to - Answer To pledge back
Groundswell Company example - Answer -Philanthropy
-Empower a new generation of modern philanthropists
PURPOSE IS NOT.... - Answer CSR
, PURPOSE IS... - Answer authentic expression of what your company and customers can do to build a
better future
Biotite example - Answer -Social business model
-Helped aim to create bottles for people who did not have access to clean water
Performance w/ Propose VS. CSR **VIDEO** - Answer -Performance w/ Purpose is how a company
makes money and remains sustainable while changing the way they operate. (Being more
environmentally friendly)
-CSR is running a business however you want to but doing charity work on the side.
Pioneering Social Change **VIDEO** - Answer -People in Bangladesh only needed $27 a day to break
out of poverty
-Micro financing to help them take small loans out
social entrepreneurship - Answer They see potential, see opportunities,
tackle the big problems (education, healthcare, housing, water, climate change)
Social Entrepreneurs do not see to _____________ they _____________ then see - Answer see to
believe; believe then see
Biotites main mission was.... - Answer reducing energy poverty
A new type of organization that is a hybrid between non-profits and a for-profit LLC is known as a(n)
A. NGO.
B. L3C.
C. Benefit Corporation.
D. B Corp. - Answer B. L3C.
