Understanding Maori Business Principles and Practices

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1. What is putake?

It refers to a traditional Māori dance form.

It is a term used for a specific type of canoe used by Māori tribes.

It is a type of fruit native to New Zealand.

The correct answer 'It means reason for being' explains the term putake in the context of a Māori business and its purpose.

Explanation

The correct answer 'It means reason for being' explains the term putake in the context of a Māori business and its purpose.

About This Quiz

Understanding Maori Business Principles and Practices - Quiz

Explore key concepts in Maori business practices, focusing on traditional values and their application in contemporary settings. This quiz enhances understanding of cultural influences in business, crucial for professionals working with or within Maori communities.

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2. What are the benefits of Maori business concepts?

Hiring non-iwi members is more beneficial for Maori businesses.

Maori business concepts do not promote environmental sustainability.

Profit-sharing with iwi members has a negative impact on business productivity and profitability.

Maori business concepts prioritize employment of iwi members, environmental sustainability, and profit-sharing for increased productivity and profitability.

Explanation

Maori business concepts prioritize employment of iwi members, environmental sustainability, and profit-sharing for increased productivity and profitability.

3. What are the key focuses in Maori business concepts?

The focus on maximizing profits at all costs

Ignoring the impact on natural resources and cultural heritage

Prioritizing personal gains over community well-being

Maori business concepts emphasize the importance of environmental, social, cultural, and community focuses in running a business to ensure sustainability, care for employees and society, preservation of cultural heritage, and overall benefit to the community.

Explanation

4. What is a common characteristic of Maori businesses?

Owned by individual members of the iwi.

Have no interest in benefiting the wider iwi community.

Focus solely on generating personal wealth for the owners.

Maori businesses often prioritize collective ownership and benefiting the entire iwi, rather than focusing on personal gain.

Explanation

Maori businesses often prioritize collective ownership and benefiting the entire iwi, rather than focusing on personal gain.

5. What is typically done with the profit earned?

It is often used to improve social services such as health and education

It is distributed among shareholders as dividends.

It is spent on luxury items for company executives.

It is kept entirely as profit for the company.

Profits earned by a company can be used for various purposes, but one common practice is to reinvest it into social services that benefit the community.

Explanation

Profits earned by a company can be used for various purposes, but one common practice is to reinvest it into social services that benefit the community.