Deck 4: Supporting Social Entrepreneurship

Question 1

Dr.Venkataswamy, who wants to eradicate avoidable blindness in India, ______.

A)faces few problems in his effort to accomplish his goals, like any true entrepreneur
B)has faced many challenges including the lack of access to transportation and the poor's inability to pay for their eye care along with the rising costs of ophthalmic products
C)went to churches in the United States for fundraising and to have his mission supported
D)has failed after many years of trying and now has run out of funds

Answer 1

B

Question 2

The wicked problem of the global refugee crisis saw almost 60 million people, that is 1 in 122 people, forced to flee their homes because of wars, conflict, and persecution by the end of 2015.Which of the following is a true statement?

A)Billions of dollars are spent each year on food, health, and shelter for refugees and the numbers still are growing.
B)The refugee problem is not a global problem but a regional problem, one for regional finite solutions.
C)Refugee camps are effective in handling the problem.
D)The refugee problem is naturally declining.

Answer 2

A

Question 3

______ differs from other forms of entrepreneurship in that it gives higher priority to social value creation-by catalyzing social change and/or catering to social needs-than to value capture.

A)Social engineering
B)Societal entrepreneurship
C)NGOs
D)Social entrepreneurship

Answer 3

D

Question 4

Which of the following is NOT an example or characteristic of a wicked problem?

A)The problem is not understood until after the formulation of a solution.
B)Wicked problems have no stopping rule.
C)Solutions to wicked problems have a right or wrong.
D)Every wicked problem is novel and unique.

Question 5

Examples of wicked problems being worked on include ______.

A)the challenge of solving hunger in Africa
B)the mission to eradicate avoidable blindness in India
C)the global refugee crisis
D)all of these

Question 6

A NGO is ______.

A)a nonprofit or government organization
B)a nongovernmental organization
C)a nonprofit operation of the government
D)the operational name of the United Nations

Question 7

Symp1e is ______.

A)an example of a social entrepreneurship
B)a social entrepreneurship that has a product, Waterall, that is an environmental solution to water-stressed areas that can save gardeners up to 40% on water usage
C)a social entrepreneurship that uses Wi-Fi and Bluetooth to help students learn statistics so they can do statistically sound research
D)a new advance in the educational arena to reach out to those in inner cities to provide a sound education

Question 8

Two students partner together to raise funds and run mission trips to areas in crisis from weather and war.They do have a profit motive so they can raise enough money to purchase facilities in third world countries to house their programs to make a difference.These two are ______.

A)talking about a nonprofit agency
B)developing a social entrepreneurial venture
C)an NGO
D)simply talking about mission trips

Question 9

Which of the following is NOT an example or characteristic of a wicked problem?

A)Wicked problems have no stopping rule.
B)Solutions to wicked problems are not right or wrong.
C)Every wicked problem is not unique or novel.
D)Every solution to a wicked problem is a one-shot operation.

Question 10

Which of the following is NOT an example or characteristic of a wicked problem?

A)Wicked problems have given alternative solutions.
B)Every solution to a wicked problem is novel and unique.
C)The problem is not understood until after the formulation of a solution.
D)Solutions to wicked problems are not right or wrong.

Question 11

Adele wants to own a business and to tackle social problems with social change.Adele is ______.

A)an entrepreneur
B)a traditional entrepreneur
C)a social entrepreneur
D)best as a project manager with a nonprofit agency

Question 12

Sasha just saw the movie Inferno and was shocked at the story line revolving around overpopulation and the dramatic increase in life expectancy.This problem is an example of ______.

A)social responsibility
B)a wicked problem
C)issues of a third world country
D)Hollywood making a huge issue out of an economic theory

Question 13

Jim Poss's company, Bigbelly, Inc., is a ______.

A)made up company
B)for-profit company that builds trash cans that allows garbage to be compacted using solar energy.
C)for-profit company that builds trash cans that allows garbage to be compacted using solar energy and that reduces the number of pickups from traditional garbage trucks, reducing carbon emissions
D)nonprofit company that has the goal of reducing carbon emissions worldwide

Question 14

Bob is a social entrepreneur and Sally is a traditional entrepreneur.The differences between the types of entrepreneurs include ______.

A)traditional entrepreneurs create ventures with a goal of making profit and measure performance by the profits they generate
B)social entrepreneurs create ventures to tackle social problems and bring about social change
C)social entrepreneurs measure performance by advancing social and environmental goals.Some desire profit; some do not.
D)all of these

Question 15

"The life purpose of the true ______ is to change the world," is a quote from Bill Drayton, founder of Ashoka.

A)social entrepreneurship
B)nonprofit founder
C)entrepreneurial spirit
D)social-reformer spirit

Question 16

Philanthropist Tony Elumelu has an alternate solution to the refugee problem.He ______.

A)is going to the United Nations for special sanctions and funding
B)is investing 100 million dollars to further entrepreneurship in Africa and host countries where over 4 million refugees live in poverty.
C)is offering microloans to those refugees needing funds to launch their businesses
D)has started a food bank in Europe

Question 17

Sally has elderly parents in their 90s.Her parents are part of a generation ______.

A)that is causing the problem of global overcrowding
B)that has the knowledge and skill sets to come up with creative solutions to the resulting problems of overcrowding
C)not impacting the rising costs of healthcare as they are part of ObamaCare
D)that believes ObamaCare is not the same thing as the Affordable Health Care Act.

Question 18

Bob is a social entrepreneur and Sally is a traditional entrepreneur; their similarities as entrepreneurs include ______.

A)both types find new organizations, identify opportunities, and have the same values
B)both types find new organizations, identify opportunities, but do not implement innovative solutions
C)both Bob and Sally are the same; there is no difference between a traditional and social entrepreneur
D)both types find new organizations, identify opportunities, find information and resources, form connections, and create marketing initiative to promote offerings

Question 19

Wicked problems are defined as ______.

A)pranksters and damage caused in October each year and includes vandalism
B)large, complex social problems with no clear solution; limited, confusing or contradictory information available; and debated by a range of people with conflicting values
C)issues that the U.S.military is fighting against
D)religious wars

Question 20

An example of social entrepreneurship is ______.

A)the Grameen Bank which gives microloans to the poor
B)Aravind, an initiative for sustainable development in Egypt
C)the ability to argue for the social benefits of an NGO
D)to continue with a mission of making a profit while changing others' lives

Question 21

A fund has made an investment of $4 million to a provider of affordable homes designed for low-income families in rural settings.More than 10,000 homes have been constructed in three South American countries, focusing particularly in areas affected by natural disaster.This is an example of ______.

A)sustainable trade financing
B)low-income housing
C)clean energy access
D)clean drinking water

Question 22

A result of investment from social venture capitalists to

A)50 million lives are empowered
B)10 million school children reached with solar lighting
C)50 billion evening productive hours generated
D)125 GWH generated from renewables
D)light is ______.

Question 23

The Woodland Park Zoo in Seattle, Washington, is one of several zoos that operate a "Zoo Doo" venture where the public can purchase exotic animal dung to use as garden fertilizer.This is an example of ______.

A)earned-income activities
B)a totally made up answer
C)social engineering
D)the name of the for-profit beauty salon located at the Seattle Zoo

Question 24

Sword and Plough hires army veterans to recycle surplus military materials such as parachutes, sleeping bags, and tents, into fashionable bags and accessories.It donates 10% of its profits to veteran organizations.Sword and Plough is ______.

A)a church, named after the biblical quote, "They will beat their swords into ploughshares."
B)a good example of social consequence entrepreneurship
C)a social purpose venture to help veterans
D)a traditional entrepreneurship

Question 25

A fund made a 2 million Euro equity investment in a company that provides solar energy for lighting and refrigeration in rural Indian households, schools, and hospitals that have limited access to the main electricity grid.Enabled by this investment, the company has installed more than 40,000 systems and currently offsets 25,000 tons of carbon dioxide emissions.This is an example of ______.

A)sustainable trade financing
B)low-income housing
C)clean energy access
D)clean drinking water

Question 26

Ryker is a venture philanthropist who likes to share his experience with nonprofit entrepreneurs to help grow and scale the company to drive social change.Ryker is ______.

A)using the venture philanthropy funding model
B)an entrepreneur philanthropist
C)an enterprising entrepreneur
D)a social entrepreneur

Question 27

What type of impact investment fund is the second fund invested in a company that sets up water purification plants in rural villages, where the plants are owned by the local community and operated by the installation company, which sells the purified water to the village at affordable rates? The installation company also trains local entrepreneurs to develop businesses that deliver water to neighboring villages.

A)sustainable trade financing
B)low-income housing
C)clean energy access
D)clean drinking water

Question 28

______ can seek investment from social venture capitalists known as impact-investment funds.

A)For profit as well as nonprofits
B)Only nonprofits with social agendas
C)Only social entrepreneurs
D)all of these

Question 29

The organic clothing company, PACT, designs, manufactures, and distributes premium cotton underwear without using pesticides, fertilizers, or chemicals.PACT is an example of ______

A)an NGO
B)a social purpose venture
C)a profit-motivated organization
D)a traditional entrepreneurship

Question 30

Enterprising nonprofits are ______.

A)a form of social entrepreneurship where both the venture mission and the market impact are for social purposes
B)entrepreneurships whose profits do not need to be channeled back into the organization
C)able to distribute profits to the owners
D)not charities or foundations

Question 31

How has the nonprofit organization, Kiva, improved the microloan program in the microfinance concept?

A)They are offering funding to more individuals.
B)They are loaning money for as little as $25 to entrepreneurs in developing countries lacking access to traditional banks.The loan applicants' information are on the Kiva webpage and individuals can choose to loan money to an applicant.
C)They are offering smaller amounts to individuals and not charging interest.
D)They are staying in India and staying local.

Question 32

Skillcrush combines personal finance and small amounts of money for a collaborative fund to provide an online course that seeks to address the ______.

A)gender imbalance in tech industries by teaching women how to code in a fun, interactive way
B)need to program apps to change the world
C)database development for a scholarship finding app
D)lack of qualified accountants for tax season

Question 33

A fund has invested in a Fair Trade organic-certified coffee cooperative located in Ecuador.The trade finance loan allowed the cooperative to cover operating costs and invest in new processing equipment.Additional revenue gained from Fair Trade coffee sales are used to sponsor projects in reforestation, education, and community-based health clinics in the community where small-holder farmers live.This is an example of ______.

A)sustainable trade financing
B)low-income housing
C)clean energy access
D)clean drinking water

Question 34

Venture Philanthropy Partners is based in Washington, D.C., and focuses on helping youths from low-income families in that region.This is an example of ______.

A)philanthropy
B)a community fund with its goal to invest in economic development and job creation in impoverished areas
C)sustainable trade financing
D)microloans for youth

Question 35

Adele is a venture philanthropist who focuses on building the operational capacity and long-term viability of the organizations in her portfolio, rather than funding individual projects or programs.She recognizes the importance of funding core operating costs to help these organizations achieve greater social impact and operational efficiency.Adele is ______.

A)a high-engagement venture philanthropist
B)a multiyear support venture philanthropist
C)a tailored-financing venture philanthropist
D)an organizational capacity-building venture philanthropist

Question 36

Maci is a venture philanthropist with a close, hands-on relationship with the social entrepreneurs and ventures she supports, driving innovative and scalable models of social change.She sits on their boards and is far more intimately involved at strategic and operational levels than are traditional nonprofit funders.Maci is ______.

A)a high-engagement venture philanthropist
B)a multiyear support venture philanthropist
C)a tailored-financing venture philanthropist
D)an organizational capacity-building venture philanthropist

Question 37

Sven is a venture philanthropist who takes an investment approach to determine the most appropriate financing for each organization.Depending on his own missions and the ventures he likes to support, he can operate across the spectrum of investment returns.Sven is ______.

A)a high-engagement venture philanthropist
B)a multiyear support venture philanthropist
C)a tailored-financing venture philanthropist
D)an organizational capacity-building venture philanthropist

Question 38

Bentley is a venture philanthropist who provides substantial and sustained financial support to a limited number of organizations.His financial support typically lasts at least 3 to 5 years, with an objective of helping the organization to become financially self-sustaining by the end of the funding period.Bentley is ______.

A)a high-engagement venture philanthropist
B)a multiyear support venture philanthropist
C)a tailored-financing venture philanthropist
D)an organizational capacity-building venture philanthropist

Question 39

According to NCCS Business Master File 12/2015, there are _______ tax exempt organizations.

A)500,000
B)1,000,000
C)1,500,000
D)greater than 1,500,001

Question 40

Estimates are that the SVC (social venture capitalist) market could grow to ______ due to the rise of more socially conscious entrepreneurs looking for impact investment opportunities.

A)$1 trillion
B)$3 trillion
C)$7 trillion
D)$100 million

Question 41

MNO is involved in social responsibility.Their stakeholder was the observer and now the stakeholder is the customer.MNO is now ______.

A)profiteering
B)operating with corporate social responsibility
C)operating as a social entrepreneurship
D)maximizing their charitable contributions

Question 42

XYZ is purpose driven in their social focus and feels their purpose is core to their mission.XYZ is involved in ______.

A)profiteering
B)corporate social responsibility
C)social entrepreneurship
D)maximizing their charitable contributions

Question 43

Luther is a special individual that possesses power, legitimacy, and urgency.He usually has a significant role to play in an organization and must be given priority when it comes to handling their issues.Luther is an example of a ______.

A)dependent stakeholder
B)dangerous stakeholder
C)definitive stakeholder
D)minority

Question 44

Stakeholders are ______.

A)people impacted by or involved with the achievements of a social enterprise's objectives
B)social entrepreneurs who resolve a social problem
C)the venture's mission for social purposes
D)consequence managers

Question 45

PQR was involved with social responsibility where they sought to reduce harm (sending bottled water to hurricane victims, etc.) and now they are measuring their social impact.PQR is now ______.

A)profiteering
B)operating with corporate social responsibility
C)operating as a social entrepreneurship
D)maximizing their charitable contributions

Question 46

CSR stands for ______.

A)corporate social responsibility
B)consolidated social reporting
C)customer service relationships
D)customer social responsibility

Question 47

STU was involved with social responsibility where they sought to reduce harm (sending bottled water to hurricane victims, etc.) and now they are measuring their social impact.Before switching to being a social entrepreneurship, STU was ______.

A)profiteering
B)operating with corporate social responsibility
C)operating as a social entrepreneurship
D)maximizing their charitable contributions

Question 48

Stakeholders for an entrepreneur include ______.

A)stockholders, since stockholders and stakeholders are the same thing
B)minority representation
C)majority representation
D)individuals of influence

Question 49

Donald likes to hold power but does not tend to use that power unless he is given a reason to do so.Donald is an example of a ______.

A)dormant stakeholder
B)discretionary stakeholder
C)demanding stakeholder
D)dominant stakeholder

Question 50

Kurt has no power or legitimacy; he is quite often the only dissenting voice in the room.Kurt is an ideal example of a ______.

A)dormant stakeholder
B)discretionary stakeholder
C)demanding stakeholder
D)dominant stakeholder

Question 51

Janell has the sense of urgency and is legitimate but she does not have the power to influence.She is passionate and her passion usually attracts dominant stakeholders.Janell is an example of a ______.

A)dependent stakeholder
B)dangerous stakeholder
C)definitive stakeholder
D)minority

Question 52

The stakeholders' map of Big Belly shown in Chapter 4 has shows which of the following as stakeholders?

A)the mayor, city planners, citizens, and investors
B)the IRS, his banker
C)his personal staff, family, and friends
D)his faculty, family, and friends

Question 53

Zayden has both power and legitimacy.You would be wise to communicate with Zayden regularly and respond to his queries efficiently and accurately to maintain a good relationship with him.Zayden is an example of a ______.

A)dormant stakeholder
B)discretionary stakeholder
C)demanding stakeholder
D)dominant stakeholder

Question 54

GHI has social responsibility as a department and is image motivated.GHI is involved in ______.

A)profiteering
B)corporate social responsibility
C)social entrepreneurship
D)maximizing their charitable contributions

Question 55

DEF has social issues core to their mission and they seek to do good.DEF is involved in ______.

A)profiteering
B)corporate social responsibility
C)social entrepreneurship
D)maximizing their charitable contributions

Question 56

A corporation with profit goals can have CSR if ______.

A)they treat their customers with responsibility
B)social objectives are added while still in pursuit of making a profit
C)they maximize their charitable contributions
D)they give a portion of their profits to charities such as the United Way

Question 57

Judge Holder has no power to influence and has no urgent claims, but he does have legitimacy by using his influence.Judge Holder is an example of a ______.

A)dormant stakeholder
B)discretionary stakeholder
C)demanding stakeholder
D)dominant stakeholder

Question 58

JLK views social responsibility as their main event- to do good and to be purpose driven.JLK is involved in ______.

A)profiteering
B)corporate social responsibility
C)social entrepreneurship
D)maximizing their charitable contributions

Question 59

ABC has social responsibility peripheral to their mission and they seek to reduce harm; ABC is involved in ______.

A)profiteering
B)corporate social responsibility
C)social entrepreneurship
D)maximizing their charitable contributions

Question 60

Robert has power and a strong sense of urgency but he has been known to use this power to coerce or even resort to violence.Social issues can be emotive and he can be a hindrance for resolution.Robert is an example of a ______.

A)dependent stakeholder
B)dangerous stakeholder
C)definitive stakeholder
D)minority

Question 61

Paisley is a social innovator and needs social investors.She really needs a source of how-to information from writing business plans to measuring social impacts.She should seriously consider which of the following associations?

A)Investor's Circle
B)Lewis Institute
C)Net Impact
D)Root Cause

Question 62

Sasha is an excellent candidate for ______, a networking and support organization for leading social entrepreneurs hand-selected to join a prestigious network.

A)Schwab Foundation of Social Entrepreneurship
B)Skoll Foundation
C)Social Edge
D)Social Enterprise Alliance

Question 63

Social purpose ventures are ______.

A)a for-profit venture where the primary market impact is social
B)businesses created by social entrepreneurs to resolve a social problem and make a profit
C)the people or groups impacted by or involved with the achievements of the social enterprise's objectives
D)a combination of financial assistance such as grants with a high level of engagement by the funder

Question 64

Social consequence entrepreneurship is defined as ______.

A)a for-profit venture where the primary market impact is social
B)a business created by social entrepreneurs to resolve a social problem and make a profit
C)the people or groups impacted by or involved with the achievements of the social enterprise's objectives
D)a combination of financial assistance such as grants with a high level of engagement by the funder

Question 65

Hybrid model of social entrepreneurship is defined as ______.

A)the efforts taken by corporations to address the company's effects on environmental and social well-being in order to promote positive change
B)the sale of products or services that are used as a source of revenue generation
C)a form of social entrepreneurship where both the venture mission and the market impact are for social purposes
D)an organization with a purpose that equally emphasizes both economic and social goals

Question 66

Jaylah is looking for a quality foundation that invests in and connects social entrepreneurs working for systematic change in areas of tolerance and human rights, health, environmental sustainability, economic and social equity, institutional responsibility and peace and security.Jaylah should consider which of the following to join?

A)Schwab Foundation for Social Entrepreneurship
B)Skoll foundation
C)Social Edge
D)Social Enterprise Alliance

Question 67

Arabella has a heart for solving the world's problems through cutting edge education, thought leadership and entrepreneurship.She would be an ideal member of which of the following organizations?

A)Investor's Circle
B)Lewis Institute
C)Net Impact
D)Root Cause

Question 68

Arya has been inventing throughout her childhood and young adulthood.She needs to network with an organization of formal and informal investors that invests patient capital in ventures that focus on building a sustainable economy.She should consider which of the following organizations?

A)Investor's Circle
B)Lewis Institute
C)Net Impact
D)Root Cause

Question 69

Lyla wants to join ______ because they invest in and support social entrepreneurs launching the operating bold, high-impact social ventures.

A)Ashoka
B)Echoing Green
C)Envirolink
D)Global Social Venture

Question 70

Scientist Beckett wants to join an online group for environmental resources including research, job posting, government resources, and events.Beckett would be interested in which of the following groups?

A)Ashoka
B)Echoing Green
C)Envirolink
D)Global Social Venture

Question 71

Gael wants to join an international organization with graduate, undergraduate and professional chapters that brings together an extensive network of individuals that seek to positively change the world through business.He should consider membership in which of the following organizations?

A)Investor's Circle
B)Lewis Institute
C)Net Impact
D)Root Cause

Question 72

Zayden wants to join a global association of social entrepreneurs to connect and fund social entrepreneurs in the citizen sector.She should join ______.

A)Ashoka
B)Echoing Green
C)Envirolink
D)Global Social Venture

Question 73

Earned-income activities are defined as ______.

A)the efforts taken by corporations to address the company's effects on environmental and social well-being in order to promote positive change
B)the sale of products or services that are used as a source of revenue generation
C)a form of social entrepreneurship where both the venture mission and the market impact are for social purposes
D)an organization with a purpose that equally emphasizes both economic and social goals

Question 74

Enterprising nonprofits are defined as ______.

A)the efforts taken by corporations to address the company's effects on environmental and social well-being in order to promote positive change
B)the sale of products or services that are used as a source of revenue generation
C)a form of social entrepreneurship where both the venture mission and the market impact are for social purposes
D)an organization with a purpose that equally emphasizes both economic and social goals

Question 75

Sven is a strong student very interested in entrepreneurism.He has several strong ideas for businesses and wants to join an organization that is well established, student led, and one that holds business plan competitions for prize money.Sven should consider joining which of the following organizations?

A)Ashoka
B)Echoing Green
C)Envirolink
D)Global Social Venture

Question 76

Maddox is looking for an online global community of social entrepreneurs, built for social entrepreneurs by social entrepreneurs where community members share resources, knowledge, and networks.Maddox should join the ______.

A)Schwab Foundation for Social Entrepreneurship
B)Skoll Foundation
C)Social Edge
D)Social Enterprise Alliance

Question 77

Venture philanthropy funding is defined as ______.

A)a for-profit venture where the primary market impact is social
B)a business created by social entrepreneurs to resolve a social problem and make a profit
C)the people or groups impacted by or involved with the achievements of the social enterprise's objectives
D)a combination of financial assistance such as grants with a high level of engagement by the funder

Question 78

Corporate social responsibility is defined as ______.

A)the efforts taken by corporations to address the company's effects on environmental and social well-being in order to promote positive change
B)the sale of products or services that are used as a source of revenue generation
C)a form of social entrepreneurship where both the venture mission and the market impact are for social purposes
D)an organization with a purpose that equally emphasizes both economic and social goals

Question 79

A WISE enterprise is ______.

A)a smart company in developing their business plan to include profit generation and social conscience
B)a work integration social enterprise, with a mission to integrate people who have been socially excluded into work and society through productive activity
C)an association of the top 10% of socially aware corporations
D)an entrepreneurial association for those businesses that want to support each other in social responsibility

Question 80

Ryker feels like a fish out of water.He wants to be connected with multiple stakeholder groups connected to social enterprise including nonprofits, social purpose businesses, funders, investors, and consultants.He would like to attend an annual conference for networking purposes.He should look into which of the following associations?

A)Schwab Foundation for Social Entrepreneurship
B)Skoll Foundation
C)Social Edge
D)Social Enterprise Alliance