CEP Social Impact & Stakeholder Engagement

Question 1

What is the main goal of social impact assessment?

Accepted Answer

To evaluate effects on communities and stakeholders

Answer

To promote political campaigns

Answer

To increase taxation

Answer

To manage product prices

Question 2

Why is early stakeholder engagement important?

Accepted Answer

It helps avoid conflicts and improves outcomes

Answer

It causes unnecessary delays

Answer

It reduces transparency

Answer

It increases costs

Question 3

Who are considered stakeholders in a social impact context?

Accepted Answer

People or groups affected by or interested in the project

Answer

Only investors

Answer

Only project staff

Answer

Government officials only

Question 4

What tool is often used to identify stakeholders?

Accepted Answer

Stakeholder mapping

Answer

Budget forecast

Answer

Project timeline

Answer

Marketing plan

Question 5

What is free, prior, and informed consent (FPIC)?

Accepted Answer

Voluntary agreement before project starts

Answer

Forced approval

Answer

Government waiver

Answer

Legal exemption

Question 6

Why is transparency important in stakeholder engagement?

Accepted Answer

To build trust and credibility

Answer

To hide sensitive issues

Answer

To confuse stakeholders

Answer

To reduce communication

Question 7

Which is a method for collecting stakeholder input?

Accepted Answer

Public consultations and surveys

Answer

Annual financial reports

Answer

Market share analysis

Answer

Profit-loss statement

Question 8

What is social license to operate?

Accepted Answer

Public acceptance of a project

Answer

A legal permit

Answer

Insurance coverage

Answer

Certification by regulators

Question 9

How can projects benefit from effective stakeholder engagement?

Accepted Answer

By improving outcomes and reducing opposition

Answer

By avoiding communication

Answer

By focusing only on investors

Answer

By bypassing regulations