busset quiz

Question 1

It was mentioned that the modern corporation is characterized by various interest: on one hand, those of the owners or shareholders called:

Answer 1

principals

Question 2

It was mentioned that the modern corporation is characterized by various interest: on one hand, those of the managers called:

Answer 2

agent

Question 3

the interest and aims of the agents a nd principals might clash

Answer 3

principal-agent-problem

Question 4

advocates uphold humanity as the ultimate end and principle of all economic activity.

Answer 4

humanistic management

Question 5

used to refer either to an activity carried out or to organization and institutions.

Answer 5

social enterprise

Question 6

thought to be something new and something distinct from classical business and traditional non profit activity

Answer 6

social enterprise

Question 7

whose mission is to bridge social opportunity into sustainable reality.

Answer 7

social enterprise

Question 8

which refers to a
corporation’s responsibilities or obligations toward
society.

Answer 8

corporate social responsibility

Question 9

a continuing
commitment by business to behave ethically and
contribute to economic development while improving
the quality of life of the workforce and their families, the
local community, and society at large

Answer 9

World Business Council for
sustainable Development

Question 10

four (4) levels of
corporate responsibility:

Answer 10

1. Earning a profit
2. Legal responsibility
3. Ethical responsibility
4. Discretionary responsibility

Question 11

s extending personal
services without either compulsion of monetary
compensation.

Answer 11

Volunteerism

Question 12

noted a perpetual challeng in promoting
volunteerism in companies in the absence of a policy
regarding volunteerism, itself due to the pervading
assumption that volunteerism comes for free.

Answer 12

Philippine Business for Social
Progress (PBSP)

Question 13

is a cost-free commitment to a cause

Answer 13

volunteerism

Question 14

which are socio-economic initiatives that belong to neither the traditional
private-for-profit sector nor to the public sector.

Answer 14

third sector organizations TSO’s

Question 15

which is growing and gathering supporters across the
globe as an innovative approach to business activity
offering disadvantaged populations a path to human
development and economic prosperity.

Answer 15

social enterprise movement

Question 16

is an organization that applies commercial strategies to
maximize improvements in human and environmental
well-being—this may include maximizing social impact
alongside profits for external shareholders

Answer 16

social enterprise

Question 17

critical
importance, as it significantly influences the sort of lives
we will lead in the future.

Answer 17

Corporate social responsibility

Question 18

any party that has a stake or interest in the
business organization.

Answer 18

stakeholder

Question 19

can be viewed as a response to the existence
of entities that are legitimately interested in the behavior
of a company.

Answer 19

stakeholder perspective

Question 20

fundamentally a theory about
how business works at its best, and how it could work

Answer 20

stakeholder theory

Question 21

indicates that a business is not only responsible to its owners but also has
obligations to various stakeholders, such as employees, customers, business partners, government
and non-governmental organizations The social approach is a broader view on CSR

Answer 21

stakeholder approach

Question 22

Many see the homo oeconomicus as being quite different from real people.

Answer 22

economic man

Question 23

Albanian-Indian Catholic nun and the founder of the Missionaries of Charity

Answer 23

Mother teresa

Question 24

is another example of a leader who embraced the principles of servant leadership

Answer 24

Mother teresa

Question 25

for over 45 years, she ministered to the poor, sick, orphaned and dying.​

Answer 25

Mother teresa

Question 26

was an Indian lawyer who led his country to freedom from British colonial rule in 1947.

Answer 26

Mahatma Gandhi

Question 27

most famous for his philosophy of nonviolence that has inspired civil rights leaders around the world.​

Answer 27

Mahatma Gandhi

Question 28

those who are driven by a sense of purpose and who align their personal and organizational goals with a higher purpose.​

Answer 28

purpose driven leader

Question 29

without either compulsion of monetary compensation.

Answer 29

corporate volunteerism

Question 30

volunteer efforts are usually sporadic and even partly seasonal, for example, during Christmas and other “giving” occasions

Answer 30

corporate volunteerism

Question 31

programs to address the issue of occasional volunteerism.​

Answer 31

corporate social responsibility

Question 32

it is about value creation and trade and how to manage a business effectively. ​

Answer 32

stakeholder theory

Question 33

is a view of capitalism that emphasizes the interconnected relationships between a business and its stakeholders.​ ​

Answer 33

stakeholder theory​

Question 34

We will develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy.

Answer 34

purpose

Question 35

We will incorporate into our academic activities, curricula, and organisational practices the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.

Answer 35

values

Question 36

We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.

Answer 36

Method

Question 37

We will engage in conceptual and empirical research that advances our understanding about the role, dynamics, and impact of corporations in the creation of sustainable social, environmental and economic value.

Answer 37

Research

Question 38

We will interact with managers of business corporations to extend our knowledge of their challenges in meeting social and environmental responsibilities and to explore jointly effective approaches to meeting these challenges.

Answer 38

Partnership

Question 39

We will facilitate and support dialogue and debate among educators, students, business, government, consumers, media, civil society organisations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability.

Answer 39

Dialogue

Question 40

PRME stands for?

Answer 40

Principles Resposible management education