Developing Creativity Habit

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?

Brand Awareness (A) Signup and view all the answers

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

Profit and Loss (P&L) Account (C) Signup and view all the answers

Which corporate responsibility involves managing money and assets in business?

Financial responsibility (D) Signup and view all the answers

What is identified as the main obstacle to creativity?

Fear of ridicule, negative feedback, and failure (C) Signup and view all the answers

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

Shifting focus to more enjoyable pursuits (B) Signup and view all the answers

How is creativity described in the text?

A skill that can be developed (A) Signup and view all the answers

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

Spontaneous creation without preparation (B) Signup and view all the answers

How can individuals practice improvisation according to the text?

Being open to ideas and using positive language (C) Signup and view all the answers

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

Ability to think on one's feet and react to the unexpected (A) Signup and view all the answers

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

By generating revenue for entrepreneurs (B) Signup and view all the answers

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

By providing innovative goods and services (C) Signup and view all the answers

What role does entrepreneurship play in job creation?

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

How does entrepreneurship influence the entrepreneur's earnings?

It increases the earnings as the business grows (D) Signup and view all the answers

What is one motivation for entrepreneurship mentioned in the text?

To achieve what makes life worth living (B) Signup and view all the answers

How does increased employment benefit from entrepreneurship?

By providing jobs and improving community life (A) Signup and view all the answers

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

Helping to develop the economy and generate employment (A) Signup and view all the answers

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

Corporate social responsibility (CSR) (D) Signup and view all the answers

What is the significance of legal responsibility for a company?

Obeying international standards as well (D) Signup and view all the answers

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

Ethical responsibility (D) Signup and view all the answers

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

Economic development of the society as a whole (C) Signup and view all the answers

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

Legal compliance (A) Signup and view all the answers

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

Emphasis on Growth (A) Signup and view all the answers

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

Entrepreneurship emphasizes growth and pursuing opportunities (B) Signup and view all the answers

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

Entrepreneurship is developed through certain principles and knowledge (B) Signup and view all the answers

Why is risk bearing considered an inherent element of entrepreneurship?

Entrepreneurs work under uncertainties and are willing to face the possibility of loss (B) Signup and view all the answers

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

By introducing new products, services, or technology that create new markets and wealth (A) Signup and view all the answers

What differentiates entrepreneurial ventures from other small businesses?

Entrepreneurial ventures emphasize growth while other small businesses do not (B) Signup and view all the answers