Deck 15: Social Entrepreneurship

Question 1

The Global Entrepreneurship Monitor offers a way to classify social ventures.

Answer 1

True

Question 2

Nonprofit organizations cannot be financially evaluated, because they do not produce financial profits.

Answer 2

False

Question 3

Which of the following is essential in order to undertake a social venture?

A) An existing organizational model.
B) Receiving funding from a foundation.
C) Recognizing an opportunity.
D) Identifying a paying customer.
E) All of the above.

Answer 3

C

Question 4

Corporate social responsibility is an example of social entrepreneurship.

Question 5

Why is a Hybrid a form of social entrepreneurship?

A) It creates both social and economic value.
B) It is able to make a profit.
C) It competes with for-profit companies.
D) Schumpeter created the first model.
E) It can be organized anywhere worldwide.

Question 6

Many social ventures are nonprofit organizations.

Question 7

The ability to articulate a venture's social values is helpful for evaluating its performance.

Question 8

Social entrepreneurship ventures always create systemic change.

Question 9

All worthy social ventures should go to scale.

Question 10

Identifying an opportunity for a social venture always results from a deliberate process.

Question 11

Impact measures are an internal and external signal of a venture's values.

Question 12

Social entrepreneurship creates social value and/or social change.

Question 13

Many social entrepreneurs have created systemic change.

Question 14

Social entrepreneurship is primarily concerned with profits.

Question 15

Hybrid social ventures have a revenue-generating component.

Question 16

Because so many people want to be social entrepreneurs it is easy to expand a highly successful social venture.

Question 17

Because social entrepreneurial ventures serve social ends they do not need to be financially viable.

Question 18

The Timmons Model will be affected by the choice of Social venture type.

Question 19

What experience best qualified Jim Poss to start Big Belly Solar?

A) Preparing a business plan
B) His knowledge of the trash industry
C) His studies in social entrepreneurship
D) None of the above

Question 20

What is the most social impact focused type of social venture?

A) Enterprising nonprofit
B) Traditional venture
C) Hybrid
D) Social purpose
E) Social consequence

Question 21

According to entrepreneur-centric definitions, social entrepreneurs are:

A) The change agents for society, seizing overlooked opportunities by improving systems, inventing new approaches, and creating sustainable solutions to transform society for the better.
B) Constantly searching for superior ways to solve the problems that plague society.
C) Individuals with innovative solutions to society's most pressing social problems.
D) All of the above.

Question 22

Which of the following is NOT one of the assumptions about creating new ventures that has recently changed?

A) Until the 1990s, energy was relatively expensive
B) Labor was widely available and, in some countries, cheap.
C) Access to credit to start businesses was relatively easy.
D) The information needed to start a business was available with a computer, phone, and internet connection.

Question 23

Which of the following is NOT a principle of the UN Global Compact?

A) Businesses should support and respect the protection of internationally proclaimed human rights.
B) Undertake initiatives to promote greater environmental responsibility.
C) Elimination of election financing practices that favor large donor contributions.
D) Elimination of discrimination in respect of employment and occupation.

Question 24

Which of the following companies would be considered a traditional venture?

A) Habitat for Humanity
B) Save the Children
C) Ben & Jerry's
D) Doctors without Borders

Question 25

What is driving the increase in social entrepreneurship?

A) Increased awareness of social issues
B) Desire to avoid corporate taxes
C) Stabilization of environmental issues
D) Lack of opportunities for finding by traditional ventures
E) None of the above

Question 26

Why did Tricia Compas-Markman first start the DayOne Response?

A) To earn an economic profit.
B) To make her invention commercially available.
C) To provide free water.
D) To complete a degree requirement.
E) Because she was incentivized by a government grant to do so.

Question 27

What aspect of many large companies social impact has garnered the largest amount of negative media attention in recent years?

A) Corporate social responsibility initiatives
B) Supply chain operations
C) Employee incentive plans
D) Advertising campaigns

Question 28

What would be the typology of a venture that is focused on increasing the supply of affordable housing that uses a business model designed to lowers the cost of producing housing so that it can sell homes at a price more lower income families can afford?
A. Hybrid
B. Social Purpose
C. Social Consequence
D. Traditional Venture
E. Enterprising Non-Profit

Question 29

According to a 2010 Global Entrepreneurship Monitor study, what percentages of entrepreneurs are pursuing primarily social, AND how many are pursuing both social & economic goals?

A) 5% primarily economic; 46% social and economic
B) 7.5% primarily social; 46% social and economic
C) 5% primarily economic; 42% social and economic
D) 7.5% primarily economic; 42% social and economic

Question 30

In keeping with process-oriented definitions of social entrepreneurship; social wealth is defined broadly to include:

A) economic, societal, health, and climatic aspects of human welfare
B) economic, societal, health, and environmental aspects of human welfare
C) diplomatic, societal, dental, and environmental aspects of human welfare
D) economic, spiritual, health, and environmental aspects of human welfare

Question 31

One reason to become a Certified B Corporation is to;

A) Create a material positive impact on society and the environment
B) Expand fiduciary duties of directors that requires consideration of non-financial interests
C) Signal its commitment to economic and social impacts
D) A & C only
E) All of the above

Question 32

Why is it difficult to measure the impact of social ventures.

A) Social problems are complex
B) Social problems often have multiple stakeholders
C) Different groups usually agree on the best approach
D) B & C only
E) A & B only

Question 33

Which of the following changes will impact all three portions of the Timmons Model?

A) A change in the venture mission
B) A change in the venture's impact
C) A change in both the venture's mission and impact
D) Only the shift from a traditional venture to another quadrant
E) Any of the above