30 Questions
What is the corporate responsibility that involves donating money or products and services to society?
Discretionary/Philanthropic responsibility
Which aspect of corporate social responsibility is highlighted as seeking and retaining talented employees?
People Importance
What is the financial benefit realized when expenditures, costs, and taxes are exceeded by the income earned from a business operation?
Net profit
In the context of CSR, which factor is considered an advantage over competitors?
Brand Awareness
What is the traditional way of measuring corporate benefits mentioned in the text?
Profit and Loss (P&L) Account
Which corporate responsibility involves managing money and assets in business?
Financial responsibility
What is identified as the main obstacle to creativity?
Fear of ridicule, negative feedback, and failure
What is the key to gaining confidence to take on new challenges and opportunities?
Shifting focus to more enjoyable pursuits
How is creativity described in the text?
A skill that can be developed
What does the 'improvisation habit' involve according to the passage?
Spontaneous creation without preparation
How can individuals practice improvisation according to the text?
Being open to ideas and using positive language
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
What is one of the ways entrepreneurship contributes to national income?
By generating revenue for entrepreneurs
How does entrepreneurship lead to societal change according to the text?
By providing innovative goods and services
What role does entrepreneurship play in job creation?
It acts as an engine for job creation
How does entrepreneurship influence the entrepreneur's earnings?
It increases the earnings as the business grows
What is one motivation for entrepreneurship mentioned in the text?
To achieve what makes life worth living
How does increased employment benefit from entrepreneurship?
By providing jobs and improving community life
What is the primary duty of a company according to the text?
Helping to develop the economy and generate employment
Which term refers to a form of self-regulation integrated into a business model?
Corporate social responsibility (CSR)
What is the significance of legal responsibility for a company?
Obeying international standards as well
Which type of responsibility involves establishing norms and values that reflect fairness to stakeholders?
Ethical responsibility
What does economic responsibility of a company lead to, according to the text?
Economic development of the society as a whole
Which term is NOT used as a synonym for Corporate Social Responsibility (CSR) in the text?
Legal compliance
What is a key characteristic of entrepreneurship mentioned in the text?
Emphasis on Growth
How does entrepreneurship differ from other small businesses according to the text?
Entrepreneurship emphasizes growth and pursuing opportunities
What does it mean when the text says entrepreneurship is 'based on principles, not on intuition'?
Entrepreneurship is developed through certain principles and knowledge
Why is risk bearing considered an inherent element of entrepreneurship?
Entrepreneurs work under uncertainties and are willing to face the possibility of loss
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
What differentiates entrepreneurial ventures from other small businesses?
Entrepreneurial ventures emphasize growth while other small businesses do not
Learn how entrepreneurs can produce new and unique ideas valuable to others by developing creativity as a skill and overcoming fear of failure, ridicule, and self-doubt.
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