MGT104 SL A78 Quiz

Fill in the blank: A ________ is a company that prioritizes a greater sense of purpose in its operations and decision-making since it goes beyond generating a profit.

• Driven-purpose

• Purpose-driven

• Values-driven

• Driven-values

Which of the following is a characteristic of a Purpose-Driven Business:

• Social Impact and Responsibility

• Driving employee engagement and motivation

• Ethical and responsible practices

• Empowerment and trust

Fill in the blank: A _________ strategy is used by purpose-driven businesses as opposed to just concentrating on shareholders. It is aware that its activities have an effect on a variety of stakeholders.

• Values-driven culture

• Sustainable practices

• Stakeholder-oriented

• Authenticity and transparency

Which of the following is NOT an example of how authenticity and transparency appear in a purpose-driven business:

• Long-term thinking

• Genuine purpose

• Ethical practices

• Open communication

Which of the following characteristics DOES NOT exemplify a business with a values-driven culture?

• Clear and inspiring purpose

• Empowerment and Trust

• Dishonesty with Stakeholders

• Continuous Learning and Development

Which of the following is a key principle of a purpose-driven business?

• Maximizing shareholder value

• Fostering employee well-being

• Ignoring social and environmental impacts

• Pursuing short-term profits

Why is a purpose-driven business important?

• It allows for quick financial gains

• It promotes unethical practices

• It attracts and retains top talent

• It prioritizes shareholder interests over societal impact

Which of the following is a key principle of a purpose-driven business?

• Focusing solely on financial performance

• Minimizing engagement with the community

• Integrating social or environmental objectives into the core business strategy

• Emphasizing short-term profits over long-term impact

Which of the following is NOT an example of how an employee’s  well-being and engagement show themselves in a purpose-driven business:

• Meaningful work

• Employee development

• Social impact opportunities

• Genuine purpose

Fill in the blanks: A purpose-driven business must adhere to the principles of constant ______ and _______.

• adaptation, learning

• change, development

• learning, adaptation

• demands, solutions