BUS 201 EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026

BUS 201 EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026 Which of the following accurately defines a symbiotic relationship? - Answers Symbiotic relationship refers to organizations interacting in a positive way with its environment, contributing to sustainability. A car manufacturing company decides to hire new workers to increase production. This company decides to use new technology to produce cars with low carbon emission to protect the environment, recycle scrap material, and use proper disposals systems for waste. This policy will help generate profits by increasing production and also fulfill the company's social responsibility to people and the planet by generating employment, manufacturing eco-friendly cars, and reducing the risks of harming the environment. Which of the following is the company practicing? - Answers Triple bottom line Legal and regulatory requirements set forth by the government can be drivers for businesses to pursue broader sustainability efforts. - Answers True Which of the following is true of pursuing sustainability? - Answers Increases retention of employees who care about the environment. Which of the following refers to a business philosophy where a business does "well" (is successful financially) by doing "good" (helping others and the environment)? - Answers Enlightened Self-interest The learning curve on sustainable business practice can be long and hard and it often entails significant risks and uncertainty. - Answers True The contribution that a company makes to society through its core business activities, its social investment and philanthropy programs, and, its engagement in public policy is known as what? Please be sure and spell these two words correctly. - Answers corporate citizenship In the Michael Porter video we watched this week, Porter's premise is that Business has roll to play in Sustainability. - Answers True Scott Denning believes that Climate Change is: - Answers Simple, Serious, and Solvable Dean postulated that the business understanding of Sustainability, much like Calvin and Hobb's Cardboard Box, has transmogrified to mean more than just financial stability. - Answers True Stakeholder Management is the business practice (that is one part art, on part psychology, and one part science) that the PR and Marketing Departments use to handle difficult customers, manage unreasonable demands by 3rd parties, while moving the company forward towards its strategic goals, no matter what outside stakeholders think the company should be pursuing. - Answers False Which of the following involves owners, employees and customers, identifying what is in their collective interest? And, which author person is best known for this theory? Choose the two answers which are correct. - Answers Stakeholder engagement R. Edward Freeman According to Porter, When a firm sustains profits that exceed the average for its industry, the firm is said to possess a _______________ over its rivals? - Answers competitive advantage In our third installment of Scott Denning's "Simple, Serious, and Solvable", Scott made the point that solving the issues of climate change are tantamount to previous generations ability to solve various infrastructure problems. - Answers True According the Milton Friedman video snippet we watched, which of the below has been the most effective means to lift people out of poverty? - Answers Capitalism According the Edward Freeman snippet we watched, what "really makes Capitalism tick..."? - Answers When entrepreneurs, managers, and business leaders Companies engage with a set of their stakeholders to align and advance their mutual interests In class we discussed engaging and listening to stakeholders. What are the three possible responses that Dean said were appropriate? - Answers Listen and disagree / do not comply Listen and agree / comply / "obey" Listen and morph This week we took Porter's Competitive Advantage, threw it into the Box of Transmogrification marked "Sustainability". Dean said that he sees three concepts emerge from this morphing. Which of the below three are they? - Answers Tension of the P's: while one P is not necessarily the most important, they all must be held in tension and strategically pursued at appropriate times. Sustainability Supports all three P's: Sustainability is most often thought of as an "environmental action", however, sustainability initiatives can help businesses with the other two P's as well. Choosing Sustainability actions: while we didn't cover this in depth, considering Competitive Advantage can help us choose what Sustainable Initiative (SI) to pursue. Even though climate change is Serious, since it is Simple, it is going to be easy to Solve. - Answers False In class we voted on the "most important P" and made a case why one of these three is the most important one, namely: PROFIT. Without the lifeblood of profit a business cannot fund sustainability efforts of either people or profit. Profit is the most important P of them all. - Answers False This week's video, which of the following redefines "sustainable Capitalism" as when a company takes into consideration being Purpose driven, intentional Leadership, considering Stakeholders, while also keeping in mind Culture? - Answers Conscious Capitalism Which of the following is a written document, formal or informal, that describes a company's values and efforts as it pertains to its impacts on people? - Answers Corporate Social Responsibility In order to "solve" the climate crisis, Scott Denning said that it will cost your generation about the same percentage of GDP as it did his grandparent's generation to solve indoor plumbing for the world. - Answers True According to your book, an opportunity becomes a true business opportunity when: - Answers Revenues are enough to cover costs and provide profit The most important consideration for successful sustainability entrepreneurs is to make sure the new way of doing things: - Answers Provides value to potential customers. What are some motivators for social entrepreneurs? - Answers Want to create positive environmental impact A desire/need for financial provision for themselves Can't find work anywhere else A business idea aligns with a personal interest or value (all of the above) Applying the principles of entrepreneurship within an existing company is called: - Answers Intrapreneurship Which of the following meets comprehensive and transparent social and environmental performance standards and higher legal accountability standards? - Answers B Corps _____ builds on the basics of entrepreneurship and extends it to encompass addressing ecological and social concerns through the creation of new enterprises and innovation in existing enterprises. - Answers Sustainability entrepreneurship Social entrepreneurship embraces innovation, revenue-generating business models, and, enterprise skills to solve local and global challenges. - Answers True Which of the following are true? Click each that are true. - Answers Entrepreneurship is a mind-set, an attitude; it is taking a particular approach to doing things. Entrepreneurs run the risk of burnout. Entrepreneurship and innovation are relevant in for-profit, nonprofit ventures, NGO's and even Government. Entrepreneurs who are employees are known as intrapreneurs. The following terms are tools that companies can use to increase their effectiveness. Match the correct term to the correct definition. - Answers Transparency: Openness, Communication, Accountability