BUSN 201 TEST WITH COMPLETE SOLUTIONS ALL CORRECT
Social innovation - Answer-The entrepreneur is the hero invents new concepts such as micro loans
Value proposition and social mission - Answer-Creating social value is the core of achieving a social mission
Socialized ownership and control...
BUSN 201 TEST WITH COMPLETE
SOLUTIONS ALL CORRECT
Social innovation - Answer-The entrepreneur is the hero invents new concepts such as
micro loans
Value proposition and social mission - Answer-Creating social value is the core of
achieving a social mission
Socialized ownership and control - Answer-Democratic frameworks encourages
reciprocity between all members
Business responsibility - Answer-Voluntarily assuming accountability for social,
environmental and economic stakeholder issues in order to optimize stakeholder value
Reactive - Answer-Deny validity of stakeholder claims
Defensive - Answer-Accepts claims but avoids responsibility
Accommodative - Answer-Accepts claims and acts on responsibility
Proactive - Answer-Anticipate claims and act on them before expressed
Institutionalized - Answer-More or less expected of them
Consolidating - Answer-Common business practice
Emerging - Answer-Only basic awareness among others
Latent - Answer-Issues to reach public awareness
Isolated - Answer-Weakly integrated process
Managerial - Answer-Integrated into core process
Strategic - Answer-Integrated into strategic planning
Civic - Answer-Inspires others to also pursue practices
3 components of management - Answer-Input, process, output
Effectiveness - Answer-Degree to which a process contributes to managerial goals
, Efficiency - Answer-Ratio between inputs and outputs
Planning - Answer-Making decisions about future goals and activities
Organizing - Answer-Building the structure, systems and culture needed to implement a
strategy
Leading - Answer-Influencing others to attain goals through various forms of power
Controlling - Answer-Assessing and steering activities based on performance and
measurement
Sustainability - Answer-Related to the triple bottom line; threatens the survival or current
and future generations
Responsibility - Answer-Nature of relationships between stakeholders
Ethics - Answer-Decision making in ethical dilemmas
Milton Friedman - Answer-A corporation's sole obligation is to maximize wealth to its
shareholders and has no responsibility or capability to address societies interests
Sustainability - Answer-Meets the needs of the present, without compromising the
needs of the future generations
Economic impact - Answer-Revenues, profit % of local supplies sourced
Social impact - Answer-Donations, customer satisfaction, charity promotion, democratic
decision making process
Environmental impact - Answer-% of supplies bought from environmentally friendly
material, reduce waste and responsible of disposal
Fragmentation - Answer-Everyone works in their own disciplines
Holism - Answer-People work together to achieve results
Substitution - Answer-The destruction of one form of capital can be substituted with
another form of Capitol
Complementation - Answer-All three components (economic, social and environment)
are mutually reinforcing and important
Status Quo - Answer-Incremental changes and simple increases in efficiency will
achieve sustainable development
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