New Models of Business in Society Coursera Quiz Answer [💯Correct Answer]

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Week 1 Summative Assessment

1. Radical advances in information technology are driving much of the change in the business world.

• True
• False

2. Which one of the following is NOT one of the Four Flaws of the Standard Story of business?

• Business is just about economics and making money.
• Business ethics is an oxymoron (a figure of speech that combines contradictory terms), e.g. jumbo shrimp.
• Capitalism is an outdated economic system.
• People are just motivated by money.

3. The Global Financial Crisis had no effect on the public’s trust in banks and big business.

• True
• False

4. Which of the following are included in the Six Key Assumptions about the Dominant Story of Business? (check all that apply)

• The only constituency that matters is shareholders.
• Capitalism works because humans are completely self-interested and will only act for others if given proper incentives.
• All business people wear business suits.
• We live in a world of limitless physical resources, so we don’t need to pay attention to our impact on the environment.

5. The following are included in the Five Principles that support the New Story of Business: (check all that apply)

• Business is primarily about purpose – money and profits follow
• Building and leading a business involves getting the interests of all the stakeholders going in the same direction.
• All business transactions need to be done on Fridays.
• Most people have moral values and act responsibly most of the time – that behavior needs to be expected.

Week 2 Summative Assessment

1. What are the Four Shades of Green? (Check all that apply)
   • Stakeholder Green
   • Money Green
   • Lime Green
   • Customer Green
   • Legal Green
   • Dark Green

2. One issue with corporate philanthropy and corporate social responsibility is that these programs are only “add-on’s” to the business models of companies, when they should be incorporated into the business models.
   • True
   • False

3. In 2011, companies donated the most money to the following issue: (choose one)
   • Education
   • Health & Social Services
   • Environment
   • Disaster Relief

4. Today’s model of corporate philanthropy can be traced back to Andrew Carnegie’s Two Principles of Wealth and the tradition of noblesse oblige.
   • True
   • False

5. There are still many challenges with the environmentalism movement, so it is important to take personal responsibility and not completely rely on others to make changes happen.
   • True
   • False

Week 3 Summative Assessment

1. Which of the following executives are practicing Conscious Capitalism and helping to rewrite the old narrative of business? (Check all that apply)

• Tom Gardner, The Motley Fool
• Kip Tindell, The Container Store
• John Mackey, Whole Food Market
• Bernie Ebbers, WorldCom

2. What are the four key principles of the “Conscious Capitalism” movement? (Check all that apply)

• Purpose is greater than profits
• Multi-stakeholder view without tradeoffs
• Conscious leadership
• Conscious and supportive culture
• Disregard environmental sustainability efforts

3. The definition of a stakeholder is, “any group or individual who can affect or be affected by the achievement of your purpose.”

• True
• False

4. According to the Friction Principle, which of the following can be a source of value creation?

• Conflict and criticism
• Higher production
• Increase in marketing
• Lower production costs

5. “Thriving employees” are satisfied, engaged, productive and have better overall performance in the workplace.

• True
• False

Week 4 Summative Assessment

1. There are new models of business in society emerging that are both making money and making the world a better place.

• True
• False

2. In the new stories of business that were discussed, the responsibility of building sustainable value belongs only to environmentalists so businesses should have no concern for the environment.

• True
• False

3. Select the roles that individuals can have in helping business make society a better place: (Select all that apply)

• As an entrepreneur
• As a customer
• As a citizen and community member
• As a student of an online course about how business can create value for society
• As an employee
• As an investor

4. The stakeholder theory suggests that the purpose of business is to create value for all stakeholders, including customers, suppliers, employees, communities and shareholders.

• True
• False

5. The models of corporate philanthropy and corporate social responsibility that are in existence today are the ONLY options that companies have to add value to society.

• True
• False

Conclusion

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