HFT 4224 Exam 1 UPDATED ACTUAL
Exam Questions and CORRECT Answers
We as a species are becoming smarter. - CORRECT ANSWER - True
The world was altered in 1989 ushering in a changes to society. - CORRECT ANSWER -
True
The advent of the internet and the fall of the Berlin Wall were major events that helped create
great economic opportunity and freedom in the world. - CORRECT ANSWER - True
There are three major tenant of Conscious Capitalism (1) Stakeholder Integration; (2) Higher
Purpose and Core Values; (3) Conscious Leadership - CORRECT ANSWER - False; (4)
Engage in Leadership in a Conscious Way
Due to the changing demographics of countries like the United States becoming older, we are
seeing a less conscious society. - CORRECT ANSWER - True
Businesses that practice Conscious Capitalism typically under-perform their less conscious
counterparts. - CORRECT ANSWER - False; they over-perform their less conscious
counterparts
Conscious Capitalism is the same thing as CSR (Corporate Social Responsibility) - CORRECT
ANSWER - False; CSR is guilty of green-washing where as in Conscious Capitalism has
true intention
Conscious businesses view people as sources and not as resources. - CORRECT
ANSWER - True
Businesses should do what is right because it is right. - CORRECT ANSWER - True
, The first tenet of Conscious Capitalism is finding the higher purpose and core values of the
business. - CORRECT ANSWER - True
Voluntary exchange for mutual benefit creates the ethical foundation of business. - CORRECT
ANSWER - True
A corporate "Purpose Statement" is the same thing as combining the Mission and Vision
Statements. - CORRECT ANSWER - False; they're all different
Purpose-informed decision-making is a critical connection of a conscious business, but can often
suppress financial performance. - CORRECT ANSWER - False; it can often improve
financial performance due to a more stream-lined way of thinking
The pharmaceutical and financial services industries are two industries that were pointed out as
losing their higher purpose recently. - CORRECT ANSWER - True
Happiness cannot be pursued. - CORRECT ANSWER - True; The more directly you
pursue happiness, the less likely you are to achieve it.
Despair = Suffering - Meaning
Profits can be pursued, especially as a legitimate goal of businesses. - CORRECT
ANSWER - False; they want you to pursue conscious capitalism because that is what leads
to profits
The majority of the American workforce is thought of as "engaged" in their work. - CORRECT
ANSWER - False; Marks & Smith also mentioned that workers are being taken advantage
of
Purpose-driven intrinsic motivation is far more powerful than extrinsic financial incentives. -
CORRECT ANSWER - True; if the laborer has a purpose they're more likely to be
motivated to their job
Exam Questions and CORRECT Answers
We as a species are becoming smarter. - CORRECT ANSWER - True
The world was altered in 1989 ushering in a changes to society. - CORRECT ANSWER -
True
The advent of the internet and the fall of the Berlin Wall were major events that helped create
great economic opportunity and freedom in the world. - CORRECT ANSWER - True
There are three major tenant of Conscious Capitalism (1) Stakeholder Integration; (2) Higher
Purpose and Core Values; (3) Conscious Leadership - CORRECT ANSWER - False; (4)
Engage in Leadership in a Conscious Way
Due to the changing demographics of countries like the United States becoming older, we are
seeing a less conscious society. - CORRECT ANSWER - True
Businesses that practice Conscious Capitalism typically under-perform their less conscious
counterparts. - CORRECT ANSWER - False; they over-perform their less conscious
counterparts
Conscious Capitalism is the same thing as CSR (Corporate Social Responsibility) - CORRECT
ANSWER - False; CSR is guilty of green-washing where as in Conscious Capitalism has
true intention
Conscious businesses view people as sources and not as resources. - CORRECT
ANSWER - True
Businesses should do what is right because it is right. - CORRECT ANSWER - True
, The first tenet of Conscious Capitalism is finding the higher purpose and core values of the
business. - CORRECT ANSWER - True
Voluntary exchange for mutual benefit creates the ethical foundation of business. - CORRECT
ANSWER - True
A corporate "Purpose Statement" is the same thing as combining the Mission and Vision
Statements. - CORRECT ANSWER - False; they're all different
Purpose-informed decision-making is a critical connection of a conscious business, but can often
suppress financial performance. - CORRECT ANSWER - False; it can often improve
financial performance due to a more stream-lined way of thinking
The pharmaceutical and financial services industries are two industries that were pointed out as
losing their higher purpose recently. - CORRECT ANSWER - True
Happiness cannot be pursued. - CORRECT ANSWER - True; The more directly you
pursue happiness, the less likely you are to achieve it.
Despair = Suffering - Meaning
Profits can be pursued, especially as a legitimate goal of businesses. - CORRECT
ANSWER - False; they want you to pursue conscious capitalism because that is what leads
to profits
The majority of the American workforce is thought of as "engaged" in their work. - CORRECT
ANSWER - False; Marks & Smith also mentioned that workers are being taken advantage
of
Purpose-driven intrinsic motivation is far more powerful than extrinsic financial incentives. -
CORRECT ANSWER - True; if the laborer has a purpose they're more likely to be
motivated to their job
