Developing Creativity Habit
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Questions and Answers

What is the corporate responsibility that involves donating money or products and services to society?

  • Legal responsibility
  • Discretionary/Philanthropic responsibility (correct)
  • Financial responsibility
  • Operational responsibility

    • Which aspect of corporate social responsibility is highlighted as seeking and retaining talented employees?

  • Planet Importance
  • Increased Brand Awareness
  • People Importance (correct)
  • Good Business Reputation

    • What is the financial benefit realized when expenditures, costs, and taxes are exceeded by the income earned from a business operation?

  • Discretionary budget
  • Operational income
  • Corporate tax
  • Net profit (correct)

    • In the context of CSR, which factor is considered an advantage over competitors?

    <p>Brand Awareness</p> Signup and view all the answers

    What is the traditional way of measuring corporate benefits mentioned in the text?

    <p>Profit and Loss (P&amp;L) Account</p> Signup and view all the answers

    Which corporate responsibility involves managing money and assets in business?

    <p>Financial responsibility</p> Signup and view all the answers

    What is identified as the main obstacle to creativity?

    <p>Fear of ridicule, negative feedback, and failure</p> Signup and view all the answers

    What is the key to gaining confidence to take on new challenges and opportunities?

    <p>Shifting focus to more enjoyable pursuits</p> Signup and view all the answers

    How is creativity described in the text?

    <p>A skill that can be developed</p> Signup and view all the answers

    What does the 'improvisation habit' involve according to the passage?

    <p>Spontaneous creation without preparation</p> Signup and view all the answers

    How can individuals practice improvisation according to the text?

    <p>Being open to ideas and using positive language</p> Signup and view all the answers

    What is highlighted as a natural ability that all individuals possess regarding improvisation?

    <p>Ability to think on one's feet and react to the unexpected</p> Signup and view all the answers

    What is one of the ways entrepreneurship contributes to national income?

    <p>By generating revenue for entrepreneurs</p> Signup and view all the answers

    How does entrepreneurship lead to societal change according to the text?

    <p>By providing innovative goods and services</p> Signup and view all the answers

    What role does entrepreneurship play in job creation?

    <p>It acts as an engine for job creation</p> Signup and view all the answers

    How does entrepreneurship influence the entrepreneur's earnings?

    <p>It increases the earnings as the business grows</p> Signup and view all the answers

    What is one motivation for entrepreneurship mentioned in the text?

    <p>To achieve what makes life worth living</p> Signup and view all the answers

    How does increased employment benefit from entrepreneurship?

    <p>By providing jobs and improving community life</p> Signup and view all the answers

    What is the primary duty of a company according to the text?

    <p>Helping to develop the economy and generate employment</p> Signup and view all the answers

    Which term refers to a form of self-regulation integrated into a business model?

    <p>Corporate social responsibility (CSR)</p> Signup and view all the answers

    What is the significance of legal responsibility for a company?

    <p>Obeying international standards as well</p> Signup and view all the answers

    Which type of responsibility involves establishing norms and values that reflect fairness to stakeholders?

    <p>Ethical responsibility</p> Signup and view all the answers

    What does economic responsibility of a company lead to, according to the text?

    <p>Economic development of the society as a whole</p> Signup and view all the answers

    Which term is NOT used as a synonym for Corporate Social Responsibility (CSR) in the text?

    <p>Legal compliance</p> Signup and view all the answers

    What is a key characteristic of entrepreneurship mentioned in the text?

    <p>Emphasis on Growth</p> Signup and view all the answers

    How does entrepreneurship differ from other small businesses according to the text?

    <p>Entrepreneurship emphasizes growth and pursuing opportunities</p> Signup and view all the answers

    What does it mean when the text says entrepreneurship is 'based on principles, not on intuition'?

    <p>Entrepreneurship is developed through certain principles and knowledge</p> Signup and view all the answers

    Why is risk bearing considered an inherent element of entrepreneurship?

    <p>Entrepreneurs work under uncertainties and are willing to face the possibility of loss</p> Signup and view all the answers

    How does entrepreneurship contribute to stimulating the economy according to the text?

    <p>By introducing new products, services, or technology that create new markets and wealth</p> Signup and view all the answers

    What differentiates entrepreneurial ventures from other small businesses?

    <p>Entrepreneurial ventures emphasize growth while other small businesses do not</p> Signup and view all the answers

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