WorksheetsRevision Quiz 6: Entrepreneurism's Social Impact & CSR
Total questions: 66
Worksheet time: 33mins
Which CSR practice involves actions to reduce waste, recycle, or protect the planet?
Community Engagement
Environmental Sustainability
Ethical Business Practices
Social Impact Initiatives
Fill in the blank: ________ means supporting local projects, schools, or charities as part of CSR practices.
Community Engagement
Financial Reporting
Product Innovation
Market Expansion
Which CSR practice is defined as ensuring fairness, equality, and transparency in how the business operates?
Environmental Sustainability
Community Engagement
Ethical Business Practices
Social Impact Initiatives
Why do entrepreneurs and small businesses play a crucial role in the economy?
They are major employers, promote economic activity, pay taxes, support the local community, support foreign trade, are a source of innovation, and are supported by local government.
They only focus on large-scale manufacturing and ignore local needs.
They avoid paying taxes and do not contribute to the local community.
They rely solely on government funding and do not innovate.
Small businesses employ over half of U.S. private-sector workers.
True
False
Small businesses pay nearly half of the total U.S. payroll.
True
False
How do small businesses promote economic activity?
Employees spend their income and money circulates back into the economy.
They only save their profits and do not reinvest.
They avoid hiring local workers.
They restrict access to goods and services.
Taxes paid by small businesses fund which of the following?
Roads
Schools
Infrastructure
All of the above
Which of the following are ways small businesses support the local community?
All of the above
Donations
Scholarships
Sponsorships
Grants
Small businesses produce a large share of exports.
True
False
Small businesses are responsible for most patents.
True
False
Small businesses are supported by local government.
True
False
Cities value small businesses because they:
Provide quality services
Increase pollution
Reduce competition
Fill in the blank: Small businesses are the backbone, the engine that fuels our _______.
economy
weather
education
transportation
Globalization is the process by which businesses operate ________.
internationally
locally
privately
domestically
Globalization enables entrepreneurs to:
Sell worldwide
Access global customers
Source talent and materials globally
Compete in international markets
Focus only on local markets
What is Corporate Social Responsibility (CSR)?
CSR is a company’s commitment to ethical behavior, social good, and environmental responsibility beyond just making a profit.
CSR is a company’s strategy to maximize profits at any cost.
CSR is a government regulation for all businesses to follow.
CSR is a marketing technique to attract more customers.
Corporate Social Responsibility (CSR) includes a company's commitment to:
A) Ethical behavior
B) Social good
C) Environmental responsibility
D) Maximizing profit only
One of the focus areas of CSR is _________?
Sustainable operations
Maximizing short-term profits
Ignoring environmental concerns
Reducing employee benefits
Avoiding community engagement
One of the focus areas of CSR is _________
Fairness
Profit Maximization
Tax Evasion
Market Monopoly
Personal Gain
Fill in the blank: One of the focus areas of CSR is _________?
Community benefit
Personal profit
Private ownership
Individual achievement
One of the focus areas of CSR is _________?
Ethical choices
Financial fraud
Tax evasion
Market monopoly
Personal gain
CSR helps companies _________.
Build trust
Increase pollution
Ignore stakeholders
Reduce transparency
CSR helps companies _________.
Strengthen reputation
Increase pollution
Ignore stakeholders
Reduce transparency
CSR helps companies _________.
Improve society
Increase pollution
Ignore stakeholders
Reduce employee benefits
Avoid legal responsibilities
CSR helps companies _________.
Demonstrate leadership beyond business
Increase pollution levels
Ignore stakeholder interests
Reduce employee engagement
Avoid ethical responsibilities
Which of the following is an example of environmental CSR?
Biodegradable packaging
Solar-powered facilities
Recycling programs
All of the above
Fill in the blank: An example of environmental CSR is _________
Electric delivery fleets
Increasing employee salaries
Launching a new product line
Expanding into new markets
Fill in the blank: An example of environmental CSR is _________
Sustainable materials
Increasing profit margins
Aggressive advertising
Reducing employee benefits
Ignoring waste management
Fill in the blank: An example of environmental CSR is _________
Recycling programs
Increasing employee salaries
Launching a new product line
Expanding into new markets
Which of the following is an example of Community Engagement?
Free school lunches
Fair Trade coffee
Honest product labeling
Safe working conditions
Fill in the blank: ________ is a form of Community Engagement that helps students financially.
Local scholarships
Community clean-up
Art workshops
Sports tournaments
Fill in the blank: ________ programs are a type of Community Engagement that provide guidance to individuals.
Mentorship programs
Fundraising programs
Sports programs
Entertainment programs
Fill in the blank: ________ classes are offered as part of Community Engagement.
Community classes
Private classes
Online classes
Advanced classes
Fill in the blank: Paid internships for students are an example of ________.
Community Engagement
Financial Aid
Extracurricular Activities
Student Loans
Which of the following is an example of Ethical Business Practices?
Safe working conditions
Free school lunches
Local scholarships
Mentorship programs
Fill in the blank: ________ coffee is an example of Ethical Business Practices.
Fair Trade
Instant
Decaf
Espresso
Fill in the blank: No child labor is a principle of ________.
Ethical Business Practices
Financial Accounting
Digital Marketing
Product Packaging
Fill in the blank: Transparency reports are part of ________.
Ethical Business Practices
Financial Audits
Marketing Strategies
Product Development
Fill in the blank: Honest product labeling is an example of ________.
Ethical Business Practices
Unethical Advertising
False Marketing
Illegal Trade
Refer to the diagram titled 'Social Impact Initiatives'. Fill in the blank: One example of a social impact initiative is _________.
Donating bread to shelters
Painting graffiti on public walls
Ignoring community needs
Dumping waste in rivers
Refer to the diagram titled 'Social Impact Initiatives'. Fill in the blank: Organizing _________ is a way companies can make a social impact.
Annual volunteer days
Weekly profit meetings
Monthly sales contests
Quarterly product launches
Refer to the diagram titled 'Social Impact Initiatives'. Fill in the blank: Donating refurbished _________ is a social impact initiative.
phones
books
clothes
toys
Refer to the diagram titled 'Social Impact Initiatives'. Fill in the blank: Funding community _________ is a way to create social impact.
non-profits
businesses
events
schools
According to the section 'Why CSR Matters', which of the following is a benefit of CSR?
Protect the environment
Increase product prices
Reduce employee benefits
Limit business growth
According to the section 'Why CSR Matters', which of the following is NOT listed as a benefit of CSR?
Build community trust
Improve brand reputation
Attract loyal customers
Increase pollution
Fill in the blank: CSR helps businesses ________ local and global communities.
Strengthen
Ignore
Weaken
Exploit
Fill in the blank: CSR encourages businesses to act _________
ethically
illegally
carelessly
selfishly
Fill in the blank: CSR is considered ________ in modern business.
essential
optional
irrelevant
outdated
Fill in the blank: CSR helps businesses improve their ________ reputation.
brand
financial
physical
technical
Which of the following is a reason why entrepreneurship is increasing today?
Advancements in technology
Decrease in global connectivity
Reduction in access to information
Lower demand for innovation
Small businesses are considered “the backbone of the economy” because:
They create a large number of jobs and drive innovation.
They only serve local customers.
They have the highest profits among all businesses.
They are owned by the government.
Globalization can be defined as:
The process of increased interconnectedness and integration among countries worldwide.
The isolation of countries from each other.
The decline in international trade and communication.
The restriction of cultural exchange between nations.
CSR is important because:
It helps companies contribute positively to society and the environment.
It increases the company's profits without regard for ethics.
It focuses only on maximizing shareholder returns.
It is a government-mandated tax policy.
Which of the following is an example of each CSR category (A–D)?
A: Environmental initiatives, B: Ethical labor practices, C: Philanthropy, D: Economic responsibility
A: Marketing, B: Sales, C: Customer service, D: Product development
A: Financial reporting, B: Tax evasion, C: Insider trading, D: Money laundering
A: Advertising, B: Sponsorship, C: Branding, D: Public relations
Small businesses promote economic activity by:
creating jobs and supporting local communities
reducing consumer spending
discouraging entrepreneurship
limiting market competition
Local governments support small businesses because:
they help create jobs and boost the local economy.
they increase government spending.
they reduce competition in the market.
they make large corporations more powerful.
Businesses have a responsibility to help society because they impact communities and can contribute to social well-being. Do you agree?
Yes, businesses have a responsibility to help society.
No, businesses do not have any responsibility to help society.
Businesses should only focus on making profits.
Businesses should avoid involvement in social issues.
The most important CSR category for big companies is:
Environmental responsibility
Financial responsibility
Product marketing
Employee recruitment
Innovation from small businesses benefits society by:
creating new products and jobs
increasing government regulations
reducing competition in the market
limiting consumer choices
Globalization can help or hurt small businesses in which of the following ways?
By increasing competition and access to international markets
By eliminating all local competitors
By guaranteeing higher profits for all small businesses
By preventing small businesses from expanding
Entrepreneurship is growing due to ________, flexibility, and digital marketing.
technology
finance
transportation
agriculture
Small businesses have major positive impacts. Which of the following is NOT mentioned as an impact in the summary?
Jobs
Taxes
Innovation
Pollution
Globalization allows businesses to operate ________.
worldwide
locally
privately
secretly
CSR includes which of the following practices?
Environmental
Ethical
Community-based
Social impact
All of the above
Companies practicing CSR build stronger communities and better ________. Fill in the blank.
reputations
profits
products
relationships
