Deck 1: Introduction

Question 1

How is social entrepreneurship defined in this chapter?

A) As the application of the mindset, processes, tools, and techniques of business entrepreneurship to the pursuit of a social and/or environmental mission
B) As the application of the mindset, processes, tools, and techniques of a social mission to the pursuit of business entrepreneurship and/or environmental mission
C) As the application of the mindset, processes, tools, and techniques of an environmental mission to the pursuit of a social mission and/or business entrepreneurship
D) As the mission to make the world a better place

Answer 1

A

Question 2

How old is social entrepreneurship as a field of study?

A) Very old, it goes back to the classics
B) Relatively new, although not much has been written on the subject
C) Relatively new, although much has already been written on the subject
D) It has still be founded.

Answer 2

C

Question 3

All of the following statements accurately describe what can be called market failures in terms of a "free market economy" except which one?

A) Profits are insufficient to cause private developers to generate housing for low-income households
B) Banks refuse to invest in certain neighborhoods because of perceived risk, called redlining
C) One community's pursuit of economic well-being results in polluting the environment, thereby increasing the ability of another community to provide for its residents
D) People go hungry in some parts of the world, while in other regions surplus food is destroyed or land is kept out of agricultural production

Answer 3

C

Question 4

There is often a general lack of political will to sustain efforts to address societal problems in democratic societies. Which of the following contributes to this lack of political will?

A) Newly elected officials attempt to build on the programs of their predecessors so they can leave their own mark on public policy
B) Warring ideologies cause pendulum swings in attitudes and approaches as one political regime replaces another and efforts are routinely "done and undone"
C) There are no checks on power, so corruption is common and counterproductive relative to focusing attention and resources on meeting the needs of the populace
D) Changes in government are often violent and the resulting instability creates still more social problems

Question 5

Which of the following is given as a reason authoritarian governments are no more successful than democratic governments at solving their society's problems?

A) The well-documented breakdown in civil society that has exacerbated the problem of warring ideologies
B) Short election cycles, term limits, and the propensity of newly elected officials to ignore programs of their predecessors
C) Conflicting ideologies cause pendulum swings in attitudes and approaches as one regime replaces another, causing governments to "do and undo" their efforts rather than make steady forward progress
D) One ideology dominates and eventually, and inevitably, reaches its point of diminishing returns for producing positive change

Question 6

Which of the following has been identified by Bornstein as a key change that has made today's social entrepreneurship phenomenon possible?

A) There has been a global increase in prosperity that brought the rise of the middle class and an increase in wealth that can be used to finance social ventures
B) There remain many obstacles to the active participation of women and certain subjugated groups in societal affairs
C) There has been a decrease in the number of democratic and semi-democratic societies dealing with social wrongs
D) There continues to be a great disparity in the availability of formal education and the number of college-educated individuals remains stable

Question 7

Which of the following has not been identified by Bornstein as a key change that has made today's social entrepreneurship phenomenon possible?

A) The increase in the number of democratic and semi-democratic societies, which has given citizens the freedom to pursue the correction of social and environmental wrong outside of government and the business sector
B) The fear for developments that may jeopardize the future of mankind
C) The proliferation of new communications technology that has increased people's level of awareness of global societal problems and their impacts
D) The removal of many obstacles to the active participation of women and certain subjugated groups in societal affairs

Question 8

By filtering out common limiting factors of private and public sectors, how does social entrepreneurship represent the best of the private and public sectors?

A) It embodies the enterprising spirit of the private sector
B) It uses the power of economic markets to generate and deliver solutions to problems
C) It strives to intervene in broken markets in an effort to repair them and places the public interest ahead of private interests
D) All of the above

Question 9

Which of the following is one of the unique qualifications of social entrepreneurship that makes it an attractive alternative to purely private or purely public approaches to social and environmental problem solving?

A) It is passionate and personal because the problem chosen to be addressed has deep meaning to the social entrepreneur
B) It has a well-established bureaucracy that facilitates its operations
C) It is based on an approach whereby goods and services are exchanged via short-term transactional relationships
D) It fosters growth by maintaining the status quo as a means to problem solving and transformative change

Question 10

Social entrepreneurship is passionate and personal, in that the social entrepreneur has chosen the problem to be addressed because it has deep meaning to her or to him. But wherefrom may this meaning be derived?

A) From personal experience
B) From second-hand knowledge
C) From avocation
D) From all three

Question 11

Which of the following is not one of the unique qualifications of social entrepreneurship that makes it an attractive alternative to purely private or purely public approaches to social and environmental problem solving?

A) It builds, maintains, and utilizes social capital (networking)
B) It is profit driven, not mission focused
C) It is accountable to society, not to private shareholders
D) It facilitates development by lending and stability

Question 12

Social entrepreneurs embrace the concept of "co-opetition", but what does "co-opetition" mean?

A) It only makes sense to compete with other social entrepreneurs and never to collaborate
B) Much of the time it makes sense to compete with other social entrepreneurs whereas sometimes they must collaborate with other social entrepreneurs
C) Much of the time it makes sense to collaborate with other social entrepreneurs whereas sometimes they must compete with other social entrepreneurs
D) It only makes sense to collaborate with other social entrepreneurs and never to compete

Question 13

Social entrepreneurship is mission focused, not profit driven. What does this mean?

A) There are no social ventures that are for-profit
B) Even social ventures that are for-profit in their structure put mission above revenue
C) Even social ventures that are for-profit in their structure put revenue above mission
D) All social ventures are for-profit

Question 14

Social ventures are said to operate in a "fish bowl". What does this kind of operating bring with it?

A) Greater freedom
B) A higher level of responsibility
C) Both greater freedom and a higher level of responsibility
D) Neither greater freedom nor a higher level of responsibility

Question 15

Who are the "shareholders" of social ventures?

A) The investors in the firm
B) The banks
C) The government
D) The people who are invested in the successful solution of the problem they address

Question 16

How would you describe the relationship between social entrepreneurship and politics?

A) Social entrepreneurship = politics
B) Social entrepreneurship is mainly politics
C) Social entrepreneurship circumnavigates politics
D) Social entrepreneurship neglects politics

Question 17

According to Hamlin and Lyons, which of the following is a prerequisite to successful development?

A) Personnel
B) Profit
C) Scale
D) Marketing

Question 18

All of the following are sources of instability that negatively affect growth and development except which one?

A) Incompetent governance and the resulting frequent turnover of leadership
B) Natural disasters such as floods, earthquakes, etc.
C) Full equity among all members of a society's members
D) Disparity in socio-economic status among a society's members that is too great to be sustainable

Question 19

What do social entrepreneurs address through their efforts?

A) Equity and stability
B) Only equity
C) Only stability
D) Neither equity nor stability

Question 20

Concerning social entrepreneurship, what can be found on the World Wide Web?

A) Definitions, tools, and examples
B) Profiles of organizations that are leaders in social entrepreneurship
C) Definitions, tools, and examples and profiles of organizations that are leaders in social entrepreneurship
D) Neither definitions, tools, and examples nor profiles of organizations that are leaders in social entrepreneurship

Question 21

Social entrepreneurship is the application of the mindset, processes, tools, and techniques of business entrepreneurship to the pursuit of a social and/or environmental mission.

Question 22

Much has already been written on the subject of social entrepreneurship because as a field of study it is relatively old.

Question 23

Government, which is created to represent the interests of society as a whole, is in the best position to address long-standing, vexing social problems because of a surplus of resources.

Question 24

Dissatisfaction with the relative inability of the public and private sectors to deal with society's problems explains why social entrepreneurship represents an attractive option and why this phenomenon is enjoying such a high level of popularity at this particular time in history.

Question 25

According to Bornstein, the social entrepreneurship phenomenon is possible today because of the decrease in the number of democratic and semi-democratic societies.

Question 26

According to Bornstein, the social entrepreneurship phenomenon is possible today because more people have the freedom, time, wealth, health, exposure, social mobility, and confidence to address social problems in bold new ways.

Question 27

Social entrepreneurship represents the best of the private and public sectors embodying the enterprising spirit of the private sector and using the power of economic markets to generate and deliver solutions to problems.

Question 28

There is nothing particularly unique about the qualifications of social entrepreneurship that make it an attractive alternative to purely private or purely public approaches to social and environmental problem solving.

Question 29

The difference between social entrepreneurs, government officials, and private business people relative to their passion is the source of that passion, i.e., the values that underlie it.

Question 30

Social entrepreneurship is bureaucratic, not nimble.

Question 31

Social entrepreneurs understand that social and environmental solutions have limited periods of effectiveness which are always changing, so agility in adapting to change is crucial.

Question 32

The focus of social entrepreneurs is systematic change, yielding short-term benefits

Question 33

The public and private sectors are typically focused on collaborative relationships and coordination of efforts to resolve the most critical social needs.

Question 34

Social ventures that are for-profit in their structure and those that are nonprofit, but engaged in earned income activities both put mission above revenue to ensure society's interests prevail over self-interest.

Question 35

The "shareholders" of social ventures are the people who are invested in the successful solution of the problem they address and this avoids misalignment between the goals of the venture and the goals of the segment of society it serves.

Question 36

Give the definition of social entrepreneurship that is used in his book.

Question 37

In spite of claims of neoclassical economists that if free markets are allowed to operate without interference they will self-correct and benefit all members of society, there are numerous market failures which underlie some of the world's pressing problems. Discuss at least three types of such market failures.

Question 38

Bornstein identified five key changes that have made the social entrepreneurship phenomenon possible. Mention all five.

Question 39

Which unique qualifications does social entrepreneurship possess that make it an attractive alternative to purely private or purely public approaches to social and environmental problem solving?

Question 40

What is the crucial factor in social entrepreneurship, when we talk about building, maintaining, and utilizing social capital?

Question 41

Social entrepreneurship facilitates development by lending equity and stability. Which six prerequisites to successful development were identified?

Question 42

Compare the chief goal of the private sector, efficiency, with the primary focus of the public sector, equity. Explain how it is quite possible to be highly efficient yet ineffective and also possible to be very equitable but ineffective.

Question 43

What role(s) might social entrepreneurs play in solving chronic problems society has dealt with for decades or more?

Question 44

Discuss the unique qualifications that make social entrepreneurship an attractive alternative to purely private or purely public approaches to social and environmental problem solving by blending efficiency, equity, and effectiveness.

Question 45

What is the typical niche of social entrepreneurship?

Question 46

The time seems to be ripe for the further development of social entrepreneurship Why do you think this is? Elaborate, and go also beyond the key changes addressed by Bornstein.

Question 47

One of the reasons why the time is ripe for social entrepreneurship is the proliferation of new communications technology that has increased people's level of awareness of global societal problems and their impact. How can social media play a role in the development of social entrepreneurship? Specifically, elaborate on the role of social media, like Facebook and Linkedin.

Question 48

Artificial Intelligence (AI) plays an important role in today's society, and most probably its role will further increase in the coming years. How will the development of AI effect social entrepreneurship in the near future? Give your answer without changing the basic characteristics of social entrepreneurship.