BU398 Exam Questions With 100%
Correct Answers
Three views of B+S+N relationship - ANSWER 1. Disparate
2. Intertwined
3. Embedded
A business only considers nature and society if it aligns with its business interests, they
can be described as viewing the BNS relationship as... - ANSWER Disparate
A business prioritizes its interests above societies and natures, and only views a small
scope of issues, they view the BNS relationship as... - ANSWER Disparate
An org. views nature, business and society as equally important and interconnected,
they are using the ________ view - ANSWER Intertwined
An org. views itself as having connected and conflicting interests with nature and
society, it has a ______ view - ANSWER Intertwined
An org. prioritizes nature first, then society, then the business, it uses a _______ view -
ANSWER Embedded
An Org. views itself as working within society, which exists within nature, they have a
______ view - ANSWER Embedded
Organizational Forms include... - ANSWER 1. For profit Businesses
2. Government/Public Sector
3. Non profit/NGO/Civil Society
Partnership, Cooperative are types of - ANSWER For profit businesses
CIC, B corps and Social Enterprises describe - ANSWER For profit businesses
What are the 7 coop principles? - ANSWER 1. Voluntary and open membership
2. Democratic member control
3. Member economic Participation
4. Autonomy and independence
5. Education, training, information
, 6. Cooperation
7. Cocnern for community
This type of business is owned and operated for and by members - ANSWER
Cooperative
This type of business is democratically controlled - ANSWER Cooperative
Social entrepreneurs are a mix of.. - ANSWER 1. Traditional entrepreneurs
2. social workers/environmentalists
Alex creates a business to solve social and environmental issues, he is a - ANSWER
social entrepreneur
Alex pursues a triple bottom line by maximizing profit and going zero-sum on social and
environment, he is using a - ANSWER traditional approach
Alex's business is looking to maximize social and environmental welfare, and may
sacrifice profit, he is taking a - ANSWER Social entrepreneur approach
Michael's business seeks a greater level of purpose, accountability and transparency,
he could be classified as - ANSWER a B Corp
Benefit Corporations needs to do three things to be considered .... - ANSWER 1. Material
positive impact on community
2. Consider decisions consequences on community, environment, etc
3. Make available public report showing social and environmental performance
Business can legally incorporate as a B corp in... - ANSWER Some US states
Business can be certified as a B corp in... - ANSWER Anywhere, by B Lab
A business is required to ________ to be a community interest company - ANSWER 1.
Have community purpose
2. Cap on ROI - limit on interest and dividends
3. Can only transfer assets to orgs with community purpose
4. Upon dissolution, can only transfer assets to orgs with community purpose
5. Community interest report
The stages of organizational development are.... - ANSWER 1. Entrepreneurial Stage
2. Collectivity
3. Formalization
Correct Answers
Three views of B+S+N relationship - ANSWER 1. Disparate
2. Intertwined
3. Embedded
A business only considers nature and society if it aligns with its business interests, they
can be described as viewing the BNS relationship as... - ANSWER Disparate
A business prioritizes its interests above societies and natures, and only views a small
scope of issues, they view the BNS relationship as... - ANSWER Disparate
An org. views nature, business and society as equally important and interconnected,
they are using the ________ view - ANSWER Intertwined
An org. views itself as having connected and conflicting interests with nature and
society, it has a ______ view - ANSWER Intertwined
An org. prioritizes nature first, then society, then the business, it uses a _______ view -
ANSWER Embedded
An Org. views itself as working within society, which exists within nature, they have a
______ view - ANSWER Embedded
Organizational Forms include... - ANSWER 1. For profit Businesses
2. Government/Public Sector
3. Non profit/NGO/Civil Society
Partnership, Cooperative are types of - ANSWER For profit businesses
CIC, B corps and Social Enterprises describe - ANSWER For profit businesses
What are the 7 coop principles? - ANSWER 1. Voluntary and open membership
2. Democratic member control
3. Member economic Participation
4. Autonomy and independence
5. Education, training, information
, 6. Cooperation
7. Cocnern for community
This type of business is owned and operated for and by members - ANSWER
Cooperative
This type of business is democratically controlled - ANSWER Cooperative
Social entrepreneurs are a mix of.. - ANSWER 1. Traditional entrepreneurs
2. social workers/environmentalists
Alex creates a business to solve social and environmental issues, he is a - ANSWER
social entrepreneur
Alex pursues a triple bottom line by maximizing profit and going zero-sum on social and
environment, he is using a - ANSWER traditional approach
Alex's business is looking to maximize social and environmental welfare, and may
sacrifice profit, he is taking a - ANSWER Social entrepreneur approach
Michael's business seeks a greater level of purpose, accountability and transparency,
he could be classified as - ANSWER a B Corp
Benefit Corporations needs to do three things to be considered .... - ANSWER 1. Material
positive impact on community
2. Consider decisions consequences on community, environment, etc
3. Make available public report showing social and environmental performance
Business can legally incorporate as a B corp in... - ANSWER Some US states
Business can be certified as a B corp in... - ANSWER Anywhere, by B Lab
A business is required to ________ to be a community interest company - ANSWER 1.
Have community purpose
2. Cap on ROI - limit on interest and dividends
3. Can only transfer assets to orgs with community purpose
4. Upon dissolution, can only transfer assets to orgs with community purpose
5. Community interest report
The stages of organizational development are.... - ANSWER 1. Entrepreneurial Stage
2. Collectivity
3. Formalization
