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 (A)</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 (C)</p> Signup and view all the answers

Which corporate responsibility involves managing money and assets in business?

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

What is identified as the main obstacle to creativity?

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

How is creativity described in the text?

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

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

<p>Spontaneous creation without preparation (B)</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 (C)</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 (A)</p> Signup and view all the answers

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

<p>By generating revenue for entrepreneurs (B)</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 (C)</p> Signup and view all the answers

What role does entrepreneurship play in job creation?

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

How does entrepreneurship influence the entrepreneur's earnings?

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

How does increased employment benefit from entrepreneurship?

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

What is the significance of legal responsibility for a company?

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

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

<p>Ethical responsibility (D)</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 (C)</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 (A)</p> Signup and view all the answers

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

<p>Emphasis on Growth (A)</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 (B)</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 (B)</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 (B)</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 (A)</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 (B)</p> Signup and view all the answers

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