Question 1

In-kind donation refers to:

Accepted Answer

A) changing the way people and groups think about problems working to create or change social institutions. 
B) philanthropy accomplished as one organization transfers product, employee time, or other services to a recipient group. 
C) the use of innovative organizations and business models to create social value. 
D) individuals or groups that purchase, or receive, the outputs of an organization.

Question 2

Differentiate between a social bricoleur and a social engineer.

Accepted Answer

The answer of Differentiate between a social bricoleur and a...

Question 3

Social entrepreneurship refers to ________.

Accepted Answer

A) changing the way people and groups think about problems and they work to create or change social institutions 
B) philanthropy accomplished as one organization transfers product, employee time, or other services to a recipient group 
C) the use of innovative organizations and business models to create social value 
D) individuals or groups that purchase, or receive, the outputs of an organization

Question 4

Gama Inc., a cell phone manufacturer, procures lithium batteries from Zipcharge Inc. These batteries are used in the smart phones manufactured by Gama. In the context of the value net model, Gama is most likely to be considered a _________.

Accepted Answer

A) supplier 
B) competitor 
C) principal 
D) customer

Question 5

Jason, a visually impaired employee of Melony Inc., believes that his workplace has given him independence and self-confidence, thereby increasing his morale. Which of the following has been exemplified by Melony in this scenario?

Accepted Answer

A) Legal responsibility 
B) Social value 
C) Superordinate goal 
D) Capacity building

Question 6

Discuss the four roles played by stakeholders in the value net.

Accepted Answer

The answer of Discuss the four roles played by stakeholders...

Question 7

Tim buys a new car to gift his son for his birthday. In the context of the value net model, Tim is most likely to be considered a ________.

Accepted Answer

A) competitor 
B) customer 
C) strategic supplier 
D) complementor

Question 8

Discuss the role of a social entrepreneur in the creation of shared value.

Accepted Answer

The answer of Discuss the role of a social entrepreneur...

Question 9

John purchases a laptop from an electronics store for his own use without any intention to resell it. In the context of the value net model, John's purchase intention reflects that of a _________.

Accepted Answer

A) complementor 
B) customer 
C) strategic supplier 
D) competitor

Question 10

Kevin works for a consulting firm that strictly follows a 40 hours-per-week work schedule as prescribed in the employment terms laid out by the labor tribunal. In this scenario, Kevin's firm is diligently fulfilling its _________.

Accepted Answer

A) philanthropic responsibilities 
B) hybrid responsibilities 
C) legal responsibilities 
D) superordinate responsibilities

Question 11

Tracy, an employee of an online retailing firm, is the member of the employee engagement committee in her firm and is entrusted with the task of organizing a cultural event. The proceeds of this cultural event will go toward providing free and affordable healthcare to the backward sections of the community. In this scenario, Tracy's firm is fulfilling its ________.

Accepted Answer

A) economic responsibilities 
B) philanthropic responsibilities 
C) institutional responsibilities 
D) legal responsibilities

Question 12

In the context of the value net, identify the definition of competitors.

Accepted Answer

A) Individuals or organizations that make customers value an organization's output less because it offers its own product or service 
B) Individuals, groups, or organizations that provide important inputs for an organization 
C) People who promote the good or well-being of others 
D) Social entrepreneurs who creates something new through the combination of diverse and different elements

Question 13

Rended Inc., a publishing house, launches a unique initiative that involves educating children from poor economic backgrounds. For every product that a customer purchases, Rended would contribute $10 toward this cause. Which of the following best exemplifies Rended's initiative?

Accepted Answer

A) Incremental innovation 
B) Corporate social responsibility 
C) Competition response strategy 
D) Strategic alliance

Question 14

In the context of the value net model, an individual or organization that makes customers value an organization's output more because of its product or service is known as a(n)_________.

Accepted Answer

A) competitor 
B) customer 
C) supplier 
D) complementor

Question 15

___ entails transferring the ability to effectively perform tasks from one organization to another.

Accepted Answer

The answer of ___ entails transferring the ability to effectively...

Question 16

Which of the following examples best represent an in-kind donation?

Accepted Answer

A) Amanda, a social activist, donates 1/10th of her annual income amount to a retirement home in her locality. 
B) Stalin, a sales manager at a global consumer electronics firm, contributes $500 in cash toward the medical expenditure of his ailing colleague. 
C) Nerden Inc., a food-processing unit, donates relief materials to victims of an earthquake in its country of operation. 
D) Niron Inc., an online retailer, contributes 10% of its annual turnover to adopt model villages.

Question 17

Which of the following statements is true of shared values?

Accepted Answer

A) Profit and social welfare are substitutes that managers must trade off to create shared values. 
B) Shared values entail transferring the ability to effectively perform tasks from one organization to another. 
C) Shared values focus on the improvement of both the economic and social welfare of a firm. 
D) Shared values focus solely on the income and wealth outcomes of an organization.

Question 18

The ability of an organization to consistently gather resources from, or provide services to, key stakeholders such as donors, volunteers, students, or clients is referred to as ___.

Accepted Answer

The answer of The ability of an organization to consistently...

Question 19

John works for Roth Inc., a mining firm, which strictly adheres to the employment rules as prescribed by the labor commission. The firm employs individuals only above the age of 23 for occupations that could pose safety hazards. In this scenario, which of the following social responsibilities is fulfilled by Roth?

Accepted Answer

A) Philanthropic responsibility 
B) Economic responsibility 
C) Legal responsibility 
D) Superordinate responsibility

Question 20

In terms of the value net, which of the following statements is true of complementors?

Accepted Answer

A) They are individuals or groups that purchase, or receive, the outputs of an organization. 
B) They are individuals, groups, or organizations that provide important inputs for an organization. 
C) They are individuals or organizations that make customers value an organization's output more because of its product or service. 
D) They are activities of companies designed to further some social objective and that lie beyond the direct economic interests of the organization.

Exam 14: Strategy and Society