Coursera New Models of Business Society Quiz

Coursera New Models of Business Society Quiz

New Models of Business in Society Quiz |

 

 

New Models of Business in Society

Offered By ”University of Virginia”
 4.7 stars (3741 ratings)
Instructor: R. Edward Freeman
  
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[Note- All the Red Marked Options Are Correct Answer]
 
Week 1
Business in Society: The Problem
 
 
 
Question 1
Radical advances in information technology are driving much of the change in the business world.
  • True

  • False

     

 
Question 2
Which one of the following is NOT one of the Four Flaws of the Standard Story of business?
 
  • People are just motivated by money.

     

  • Business ethics is an oxymoron (a figure of speech that combines contradictory terms), e.g. jumbo shrimp.

     

  • Capitalism is an outdated economic system.
  • Business is just about economics and making money.

     

 
 
Question 3
The Global Financial Crisis had no effect on the public’s trust in banks and big business.
  • True

     

  • False
 
 
Question 4
Which of the following are included in the Six Key Assumptions about the Dominant Story of Business? (check all that apply)
 
  • The only constituency that matters is shareholders.
  • Capitalism works because humans are completely self-interested and will only act for others if given proper incentives.
  • All business people wear business suits.

     

  • We live in a world of limitless physical resources, so we don’t need to pay attention to our impact on the environment.
 
 
Question 5
The following are included in the Five Principles that support the New Story of Business: (check all that apply)
 
 
 
  • Business is primarily about purpose – money and profits follow
  • Building and leading a business involves getting the interests of all the stakeholders going in the same direction.
  • All business transactions need to be done on Fridays.

     

  • Most people have moral values and act responsibly most of the time – that behavior needs to be expected.
 
 
 
Week – 2
Business in Society: Corporate Responsibility, Philanthropy and Building Sustainable Value: The Role of Capitalism in Society
 
 
 
 
Question 1
What are the Four Shades of Green? (Check all that apply)
 
  • Stakeholder Green
  • Money Green

     

  • Lime Green

     

  • Customer Green
  • Legal Green
  • Dark Green
 
 
Question 2
One issue with corporate philanthropy and corporate social responsibility is that these programs are only “add-on’s” to the business models of companies, when they should be incorporated into the business models.
 
  • True
  • False

     

 
 
Question 3
In 2011, companies donated the most money to the following issue: (choose one)
 
  • Education

     

  • Health & Social Services
  • Environment

     

  • Disaster Relief

     

 
 
Question 4
Today’s model of corporate philanthropy can be traced back to Andrew Carnegie’s Two Principles of Wealth and the tradition of noblesse oblige.
 
  • True
  • False

     

 
 
Question 5
There are still many challenges with the environmentalism movement, so it is important to take personal responsibility and not completely rely on others to make changes happen.
 
  • True
  • False

     

 
 
Week- 3
Creating Value for Stakeholders
 
 
 
Question 1
Which of the following executives are practicing Conscious Capitalism and helping to rewrite the old narrative of business? (Check all that apply)
 
  • Tom Gardner, The Motley Fool
  • Kip Tindell, The Container Store
  • John Mackey, Whole Food Market
  • Bernie Ebbers, WorldCom

     

 
 
Question 2
What are the four key principles of the “Conscious Capitalism” movement? (Check all that apply)
 
  • Purpose is greater than profits
  • Multi-stakeholder view without tradeoffs
  • Conscious leadership
  • Conscious and supportive culture
  • Disregard environmental sustainability efforts

     

 
 
Question 3
The definition of a stakeholder is, “any group or individual who can affect or be affected by the achievement of your purpose.”
 
  • True
  • False

     

 
Question 4
According the Friction Principle, which of the following can be a source of value creation?
 
  • Conflict and criticism
  • Higher production

     

  • Increase in marketing

     

  • Lower production costs

     

 
 
Question 5
“Thriving employees” are satisfied, engaged, productive and have better overall performance in the workplace.
 
  • True
  • False

     

 
 
Week- 4
Becoming a Stakeholder Entrepreneur
 
 
 
 
Question 1
There are new models of business in society emerging that are both making money and making the world a better place.
 
  • True
  • False

     

 
 
Question 2
In the new stories of business that were discussed, the responsibility of building sustainable value belongs only to environmentalists so businesses should have no concern for the environment.
 
  • True

     

  • False
 
Question 3
Select the roles that individuals can have in helping business make society a better place: (Select all that apply)
 
  • As an entrepreneur
  • As a customer
  • As a citizen and community member
  • As a student of an online course about how business can create value for society
  • As an employee
  • As an investor
 
 
Question 4
The stakeholder theory suggests that the purpose of business is to create value for all stakeholders, including customers, suppliers, employees, communities and shareholders.
 
  • True
  • False

     

 
 
Question 5
The models of corporate philanthropy and corporate social responsibility that are in existence today are the ONLY options that companies have to add value to society.
 
  • True

     

  • False
 
 
 
 
 
 
 
 
 

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