Question 1

What is a "window of opportunity" for social opportunities?

Accepted Answer

A)  The time period within which the social entrepreneur can provide minimum benefit to her or his customer before circumstances change, diminishing the value of the service 
B)  The time period within which the social entrepreneur can provide maximum benefit to her or his customer before circumstances change, increasing the value of the service 
C)  The time period within which the social entrepreneur can provide minimum benefit to her or his customer before circumstances change, increasing the value of the service 
D)  The time period within which the social entrepreneur can provide maximum benefit to her or his customer before circumstances change, diminishing the value of the service

Question 2

Identify the five criteria of Market Potential.

Accepted Answer

The answer of Identify the five criteria of Market Potential....

Question 3

Ideas represent unrealized potential value in their original state and they are considered the finished product of the entrepreneurship process.

Accepted Answer

A) True 
 B)False

Question 4

Robinson identified five types of barriers to entry or obstacles that make it difficult for both new business and social entrepreneur ventures to enter a market. Which of the following are included in Robinson's barriers?

Accepted Answer

A)  Economic and political 
B)  Political and institutional 
C)  Cultural and social 
D)  Economic and technical

Question 5

The five criteria for assessing the social value potential of an idea are social need, mission alignment, achievable impact, social return on investment, and community support.

Accepted Answer

A) True 
 B)False

Question 6

For an idea to be a viable social opportunity, it must have the potential to create social value for the customers, or target beneficiaries. Which of the following are considered criteria for assessing the social value potential of an idea?

Accepted Answer

A)  Social need, mission alignment and achievable impact 
B)  Achievable impact, social return on investment and social need 
C)  Community support 
D)  All of the above

Question 7

Tools for the purpose of assessing ideas to determine their potential as an opportunity fall into one of two categories: tools that evaluate the internal contexts within which the enterprise pursuing the opportunity operates; or tools that evaluate the external contexts within which the enterprise pursuing the opportunity operates.

Accepted Answer

A) True 
 B)False

Question 8

Describe the relationship between creativity, inventions and innovation?

Accepted Answer

The answer of Describe the relationship between creativity, inventions and...

Question 9

According to Longenecker, ideas used by entrepreneurs can be classified as belonging to one of three different categories. Which of the following is not one of these categories?

Accepted Answer

A)  Ideas that involve identifying a new market for an existing product or service 
B)  Ideas that involve identifying an existing market for an existing product or service 
C)  Ideas that represent the creation of an entirely new product or service, often through a technological breakthrough 
D)  Ideas that involve creating new processes for producing and/or delivering existing products or services

Question 10

Being "first to market" is a highly sought-after position among ventures serving a given customer segment because the early entrants to a market have the ability to overcome existing market barriers and to use those barriers as a weapon to thwart competition.

Accepted Answer

A) True 
 B)False

Question 11

The Social Opportunity Assessment Tool captures both the pursuit of social value and the market-driven aspects of business opportunities. It consists of four types of potential or major assessment categories. Which of the four is most important? Explain your answer.

Accepted Answer

The answer of The Social Opportunity Assessment Tool captures both...

Question 12

Innovation is the development of original ideas, or inventions and creativity is the implementation of those inventions.

Accepted Answer

A) True 
 B)False

Question 13

Market potential in the Social Opportunity Assessment Tool considers which of the following criteria?

Accepted Answer

A)  Community support 
B)  Market size 
C)  Barriers to entry 
D)  Achievable impact

Question 14

Which of the following is not one of the four learning principles of the Computer Clubhouse learning model?

Accepted Answer

A)  Focus on a learning experience that features learning through listening carefully to peer and adult experts explaining how to create and design 
B)  Let youth work on projects that are of personal interest to them, which will cause them to truly immerse themselves in those projects 
C)  Create a diverse learning community that includes individuals of different ages, gender, cultures, and experiences in which the technology can be mastered in a collaborative way 
D)  Foster trust and respect among the members of the community, which enables creativity and innovation in a safe environment

Question 15

Unlike business opportunities, social opportunities have a "window of opportunity" or time period within which the social entrepreneur can provide maximum benefit to the customer before circumstances change, diminishing the value of the service.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not a key characteristic of a business opportunity?

Accepted Answer

A)  The ability to add value for the customer 
B)  The ability to capture a market and generate profit 
C)  The ability to destroy a competitor 
D)  Compatibility with the skill set of the entrepreneur

Question 17

A "sea change" is a nautical reference going back to the days when sailors did not have elaborate navigational systems at their disposal and had to rely on the diligent monitoring of changes in wind patterns and velocity, the color of the sky, wave action, etc. to keep their ship from sinking.

Accepted Answer

A) True 
 B)False

Question 18

Personal experiences are rarely a source of entrepreneurial ideas.

Accepted Answer

A) True 
 B)False

Question 19

Identify the five criteria of Sustainability Potential.

Accepted Answer

The answer of Identify the five criteria of Sustainability Potential....

Question 20

Existing social ventures already have a mission and will assess opportunities in light of this mission; however, new, start-up social ventures need an initial opportunity with which to work before they can understand what their mission is.

Accepted Answer

A) True 
 B)False

Exam 3: Recognizing Social Opportunities

What is a "window of opportunity" for social opportunities?

Identify the five criteria of Market Potential.

Ideas represent unrealized potential value in their original state and they are considered the finished product of the entrepreneurship process.

Robinson identified five types of barriers to entry or obstacles that make it difficult for both new business and social entrepreneur ventures to enter a market. Which of the following are included in Robinson's barriers?

The five criteria for assessing the social value potential of an idea are social need, mission alignment, achievable impact, social return on investment, and community support.

For an idea to be a viable social opportunity, it must have the potential to create social value for the customers, or target beneficiaries. Which of the following are considered criteria for assessing the social value potential of an idea?

Describe the relationship between creativity, inventions and innovation?

According to Longenecker, ideas used by entrepreneurs can be classified as belonging to one of three different categories. Which of the following is not one of these categories?

Being "first to market" is a highly sought-after position among ventures serving a given customer segment because the early entrants to a market have the ability to overcome existing market barriers and to use those barriers as a weapon to thwart competition.

The Social Opportunity Assessment Tool captures both the pursuit of social value and the market-driven aspects of business opportunities. It consists of four types of potential or major assessment categories. Which of the four is most important? Explain your answer.

Innovation is the development of original ideas, or inventions and creativity is the implementation of those inventions.

Market potential in the Social Opportunity Assessment Tool considers which of the following criteria?

Which of the following is not one of the four learning principles of the Computer Clubhouse learning model?

Unlike business opportunities, social opportunities have a "window of opportunity" or time period within which the social entrepreneur can provide maximum benefit to the customer before circumstances change, diminishing the value of the service.

Which of the following is not a key characteristic of a business opportunity?

A "sea change" is a nautical reference going back to the days when sailors did not have elaborate navigational systems at their disposal and had to rely on the diligent monitoring of changes in wind patterns and velocity, the color of the sky, wave action, etc. to keep their ship from sinking.

Personal experiences are rarely a source of entrepreneurial ideas.

Identify the five criteria of Sustainability Potential.

Existing social ventures already have a mission and will assess opportunities in light of this mission; however, new, start-up social ventures need an initial opportunity with which to work before they can understand what their mission is.