Deck 16: Supporting Social Entrepreneurship

Question 1

Social entrepreneurs and traditional entrepreneurs are similar in that both ______.

A)measure success solely based on profit
B)Have the same mission and goals
C)measure success solely based on improving societal well-being
D)identify opportunities

Answer 1

D

Question 2

Social entrepreneurship is the process of ______.

A)forming strictly nonprofit ventures
B)sourcing innovative solutions for any type of problem
C)sourcing innovative solutions for social and environmental problems
D)rebranding a company's image to appear more socially responsible

Answer 2

C

Question 3

As described in the text,Sword & 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 veterans' organizations.Sword & Plough is an example of ______.

A)a nonprofit venture
B)social consequence entrepreneurship
C)a social purpose venture
D)a traditional venture

Answer 3

B

Question 4

Venture philanthropy funding ______.

A)combines financial assistance with a high level of engagement by the funder
B)offers financial assistance with no engagement by the funder
C)allows enterprising nonprofits to sell products or services to generate revenue
D)offers a high level of engagement from consultants with no financial support

Question 5

Social consequence entrepreneurship describes a ______.

A)for-profit venture whose primary market impact is financial
B)non-profit venture whose primary market impact is financial
C)non-profit venture whose primary market impact is social
D)for-profit venture whose primary market impact is social

Question 6

A hybrid model of social entrepreneurship describes a/an ______.

A)social venture that offers both products and services
B)organization with a purpose that primarily emphasizes social goals
C)organization with a purpose that equally emphasizes both economic and social goals
D)organization with a purpose that primarily emphasizes economic goals

Question 7

Venture Philanthropy Partners focuses on helping youth and children from low-income families in the Washington,
D)C.,area.What type of fund is this?

A)impact-investment fund
B)community fund
C)microlending fund
D)inward-focused fund

Question 8

In enterprising nonprofits,______.

A)both the venture mission and the market impact are for social purposes
B)profits can be distributed to the owners
C)profits can be shared with stakeholders
D)a small percentage of profits can be challenged back into the organization

Question 9

Overpopulation and the dramatic increase in life expectancy are examples of ______.

A)easily solved problems
B)wicked problems
C)issues only relevant to developing countries
D)problems with a clear solution

Question 10

The combination of financial assistance such as grants with a high level of engagement by the funder is known as ______.

A)an earned-income activity
B)venture philanthropy funding
C)performance measurement
D)nonfinancial support

Question 11

The aim of a social purpose venture is ______.

A)to resolve a social problem with a nonprofit approach
B)strictly to make a profit
C)to both resolve a social problem and make a profit
D)to create awareness about a social issue

Question 12

A fund whose goal is to invest in economic development and job creation in impoverished areas is a/an ______.

A)impact-investment fund
B)community fund
C)microlending fund
D)inward-focused fund

Question 13

Social entrepreneurship differs from other forms of entrepreneurship in that it gives higher priority to ______.

A)social value creation
B)Value capture
C)investors
D)assets

Question 14

Wicked problems are defined as ______.

A)problems without conflicting values
B)large,complex social problems with limited information available and no clear solution
C)problems stemming from a toxic leader
D)problems with obvious solutions

Question 15

For-profits can seek investment from social venture capitalists (SVCs),also known as ______.

A)impact-investment funds
B)philanthropy funds
C)community funds
D)hybrid funds

Question 16

Organic Valley is an example of a/an ______,in which the company solves a social problem for farmers but still remains profitable.

A)NGO
B)social purpose venture
C)charity
D)LLC

Question 17

A for-profit company builds trashcans that enable garbage to be compacted using solar energy.This company's founder is an example of a/an ______.

A)angel investor
B)social entrepreneur
C)traditional entrepreneur
D)venture capitalist

Question 18

Which of the following is an example a wicked problem?

A)a startup that is running out of cash
B)a company founder who is determining his/her target market
C)a venture striving to reduce childhood mortality
D)a venture striving to diversify its offerings

Question 19

Earned-income activities allow enterprising nonprofits to ______.

A)accept funding from the government
B)accept donations from other nonprofits
C)receive financial assistance such as grants,along with a high level of engagement by the funder
D)sell products or services that are used as a source of revenue generation

Question 20

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 billion
B)$500 billion
C)$1 trillion
D)$3 trillion

Question 21

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 22

In the context of social entrepreneurship,stakeholders are ______.

A)all the people or groups effected by or involved with the achievements of the social enterprise's objectives
B)only the customers of the social enterprise
C)only the investors supporting the social enterprise
D)only the board members involved with the social enterprise

Question 23

Stakeholders who hold no power to influence and no urgent claims but who have legitimacy are considered ______.

A)dormant stakeholders
B)discretionary stakeholders
C)demanding stakeholders
D)definitive stakeholders

Question 24

______ possess the urgency attribute but have no power or legitimacy.

A)Non-stakeholders
B)Dormant stakeholders
C)Demanding stakeholders
D)Discretionary stakeholders

Question 25

Stakeholders who hold power but do not tend to use that power unless they are given a reason to do so are considered ______.

A)dormant stakeholders
B)discretionary stakeholders
C)dependent stakeholders
D)definitive stakeholders

Question 26

According to the text,there are three primary attributes of stakeholders to consider ______.

A)personality,influence,loyalty
B)position,legitimacy,location
C)intelligence,wealth,power
D)power,legitimacy,urgency

Question 27

Stakeholders who have both urgency and legitimacy but lack the power to influence are considered ______.

A)dormant stakeholders
B)discretionary stakeholders
C)dependent stakeholders
D)definitive stakeholders

Question 28

Alison possesses power,legitimacy,and urgency.She plays a significant role in your organization and must be given priority when it comes to handling her claims.Alison is an example of a ______.

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

Question 29

Janell has a 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)demanding stakeholder

Question 30

______ behave in ways that are appropriate,proper,and desired in the context of the company,organization,or community.

A)Stakeholders in positions of power
B)Legitimate stakeholders
C)Urgent stakeholders
D)Dangerous stakeholders

Question 31

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

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

Question 32

Stakeholders who possess both power and urgency but may use their power to coerce are considered ______.

A)dominant stakeholders
B)dangerous stakeholders
C)dependent stakeholders
D)definitive stakeholders

Question 33

______ is a term used to describe financial services-including loans,insurance,and savings-to people considered ineligible to receive traditional banking services.

A)Hardship services
B)Philanthropic banking
C)Microfinance
D)Socially conscious lending

Question 34

Stakeholders who have strong influence on an organization because they have both power and legitimacy are considered ______.

A)dominant stakeholders
B)discretionary stakeholders
C)dependent stakeholders
D)definitive stakeholders

Question 35

Stakeholders who possess power,legitimacy,and urgency are considered ______.

A)dormant stakeholders
B)discretionary stakeholders
C)dependent stakeholders
D)definitive stakeholders

Question 36

Michele has both power and legitimacy,giving her a great deal of influence in your organization.You would be wise to communicate with her regularly and respond to her queries efficiently and accurately to maintain a good relationship with her.Michele is an example of a ______.

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

Question 37

Stakeholders who possess the urgency attribute but have no power or legitimacy are considered ______.

A)dormant stakeholders
B)discretionary stakeholders
C)demanding stakeholders
D)definitive stakeholders

Question 38

Robert has power and a strong sense of urgency but he has been known to use this power to coerce and manipulate.The power and urgency he exercises against your objectives have been a significant hindrance.Robert is an example of a ______.

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

Question 39

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

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

Question 40

______ in particular have the ability to either help or hinder your social objectives.

A)Stakeholders in positions of power
B)Discretionary stakeholders
C)Stakeholders who demand a great deal of attention
D)Dependent stakeholders

Question 41

What population does Audacious Project award winner GirlTrek target in its health and well-being goals?

A)African American women
B)teenage girls
C)girls with physical disabilities
D)obese women

Question 42

The Audacious Project aims to bring together ______.

A)social entrepreneurs and philanthropists
B)dreamers and designers
C)investors and fund managers
D)college students and mentors

Question 43

What is the ultimate goal of Audacious Project award winner The Bail Project?

A)to establish a microfinance bail fund in every state
B)to provide interest-free loans for bail in impoverished communities
C)to help end mass incarceration and combat racial disparity
D)to provide shelter to women and minorities who would otherwise face homelessness after they are bailed from jail

Question 44

A corporation with profit goals can have a CSR strategy if it ______.

A)treats its customers responsibly
B)pursues social objectives in addition to pursing profit
C)maximizes its charitable contributions
D)reinvests all its profits into the company

Question 45

CSR stands for ______.

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

Question 46

The biggest difference between social entrepreneurship and corporate social responsibility is ______.

A)many social entrepreneurship models place equal emphasis on social and economic goals
B)corporate social responsibility places equal emphasis on social and economic goals
C)social entrepreneurship eschews economic goals
D)corporate social responsibility prioritizes social goals over economic goals

Question 47

For what project has the Environmental Defense Fund gained support from the Audacious Project?

A)expanding its media campaign to warn against the dangers of global warming
B)lobbying Congress to enact legislation that targets corporate methane producers
C)establishing a legal fund in order to better pursue legal action against corporate methane producers
D)building and launching a low-cost satellite to track and measure methane emissions

Question 48

If a company has a record of CSR activities,what legal impact might it have?

A)If the firm is sued and prosecuted,it may receive more lenient penalties.
B)It is more likely to be sued,though less likely to be prosecuted.
C)It is not likely to be sued since it will be perceived as a "kind" company.
D)There is no legal impact resulting from CSR activities.

Question 49

Audacious Project award winner Sightsavers is ______.

A)focused on providing eyeglasses to workers in Asian countries
B)devoted to eliminating trachoma from impoverished countries
C)dedicated to expanding existing medical NGOs to include ophthalmological wellness
D)working to partner large corporate eyeglasses manufacturers with local charities in the developing world

Question 50

Xavier was laid off from his job at an industrial steel manufacturing plant.When he was unable to find employment after three months of searching,he started a small business offering mobile welding and metal construction services.According to the GEM study,Xavier is a/an ______.

A)opportunity-based entrepreneur
B)necessity-based entrepreneur
C)fearless entrepreneur
D)unnoticed entrepreneur

Question 51

The GEM study focuses on the level of Total Entrepreneurial Activity (TEA)in different countries.In which of the following areas is TEA the lowest?

A)North America
B)the Caribbean
C)Latin America
D)Europe

Question 52

Female entrepreneurs in Vietnam,Panama,Qatar,Madagascar,Thailand,Angola,and Indonesia face which of the following?

A)general support for women-owned ventures
B)societal dismissal of females as entrepreneurs
C)legal restrictions on female entrepreneurs
D)religious persecution for female entrepreneurs

Question 53

According to the 2018/2019 Global Entrepreneurship Monitor (GEM),the percentage of entrepreneurs in the United States has reached ______.

A)3%
B)8%
C)12%
D)15%

Question 54

Individuals who believe they have the capacity and know-how to start a business without being burdened by the fear of failure are known as ______ in the GEM study.

A)nascent entrepreneurs
B)potential entrepreneurs
C)fearless entrepreneurs
D)new business owners

Question 55

Shida has had such great success with his IT consulting company for the last five years that he was able to pay himself a competitive salary within the first 18 months of operation.According to the GEM study,Shida is a/an ______.

A)potential entrepreneur
B)nascent entrepreneur
C)new business owner
D)established business owner

Question 56

Today,the biggest global firms spend over ______ on CSR,and there are indications that they are reaping financial rewards from it.

A)$1 billion
B)$5 billion
C)$10 billion
D)$20 billion

Question 57

Lupita launched her all-female housing construction company two years ago.She has been successful and has been able to pay herself a salary for the last year.According to the GEM study,Lupita is a/an ______.

A)potential entrepreneur
B)nascent entrepreneur
C)new business owner
D)established business owner

Question 58

The hybrid model of social entrepreneurship places emphasis on ______.

A)making a profit
B)social goals
C)both making a profit and social goals
D)The hybrid model is highly irregular and has no standard emphasis.

Question 59

Raoul and his brother set up their mobile tool repair business two months ago.They have been successful but have not yet generated enough to pay themselves any wages.According to the GEM study,Raoul and his brother are ______.

A)potential entrepreneurs
B)nascent entrepreneurs
C)new business owners
D)established business owners

Question 60

What population does Audacious Project award winner One Acre Fund assist?

A)those who live in U.S."food deserts"
B)family-owned organic farmers throughout the world
C)urban U.S.gardeners
D)African smallholder farmers

Question 61

It's common for all stakeholders to be in immediate agreement in the context of social entrepreneurship.

Question 62

Labor unions can be considered a stakeholder in the context of entrepreneurship.

Question 63

It is possible for enterprising nonprofits to use both venture philanthropy funding and earned-income activities.

Question 64

A hybrid model of social entrepreneurship describes an organization with a purpose that equally emphasizes both economic and social goals.

Question 65

A refugee crisis is an example of a wicked problem.

Question 66

The "Buy One Give One" campaign is an example of a hybrid social venture model.

Question 67

Organizations using the hybrid model of social entrepreneurship prioritize social goals over economic goals.

Question 68

A company striving to improve its brand and image by launching an initiative to improve environmental well-being is engaging in social entrepreneurship.

Question 69

Issues relating to the environment,poverty,sustainability,equality,education,child mortality,sanitation,terrorism,and health and wellness are all examples of wicked problems.

Question 70

Earned-income activities are the sale of products or services that are used as a source of revenue generation.

Question 71

CSR helps address social issues but often does so at the expense of business issues.

Question 72

Stakeholder attributes are relatively fixed.

Question 73

Large,complex social problems where there is no clear solution are described as wicked problems.

Question 74

A company whose core mission is improving social issues is engaged in corporate social responsibility.

Question 75

Ventures with social consequence and social purpose are the same type of venture.

Question 76

The poverty-fighting non-profit Robin Hood Foundation is a good example of venture philanthropy fund.

Question 77

Social entrepreneurs must continuously monitor stakeholders and maintain relationships with them.

Question 78

Social entrepreneurs use the fundamental principles of entrepreneurship to build businesses of economic and social value.

Question 79

Microloans are small short-term loans given to people living in poverty that enables them to engage in entrepreneurship.

Question 80

VisionSpring sells glasses to sustain itself rather than through donations; this is an example of a hybrid model of social entrepreneurship.