Deck 4: Social Entrepreneurship and the Global Environment for Entrepreneurship

Question 1

Thanks to the North American Free Trade Agreement, among the largest U.S. trading partners are China and Brazil.

Answer 1

False

Question 2

Social obligation, social responsibility, and social responsiveness are all ways firms view their interactions with society.

Answer 2

True

Question 3

The three Ps of the triple bottom line are people, planet, and profits.

Answer 3

True

Question 4

Purpose, accountability, and transparency are characteristics associated with socially sustainable enterprises.

Question 5

Social obligation, social responsibility, and social responsiveness are all ways firms view their interactions with society.

Question 6

Social responsibility consists of those obligations that society has to businesses.

Question 7

Social entrepreneurship avoids private-sector focus on risk taking.

Question 8

Benefit corporations are one of the oldest forms of incorporation, having been adopted in all 50 states.

Question 9

Importing, in essence, is buying and shipping domestically produced goods for foreign consumption.

Question 10

The Brundtland definition of sustainable development is "meeting the needs of the present without compromising the ability of future generations to meet their needs."

Question 11

Bottom-line measures of social performance include the unemployment rate and health-adjusted life expectancy.

Question 12

Resource-rich countries and market-rich countries are usually one and the same.

Question 13

Social entrepreneurship is rarely a vehicle for sustainable development.

Question 14

For-profit enterprises have yet to make significant contributions to the world of social entrepreneurship.

Question 15

Successful global start-ups, or entrepreneurial businesses that are "born global," surprisingly often lack internationally experienced management.

Question 16

Licensing agreements can involve patents, trademarks, and technical know-how.

Question 17

Social entrepreneurs are known to combine resources to exploit opportunities to create social value.

Question 18

International alliances rarely require the exchange of proprietary knowledge.

Question 19

The triple bottom line is an accounting framework that focuses on optimizing short-term financial performance.

Question 20

Ecopreneurship is a combination of ecologically and economically sustainable development.

Question 21

Which of the following designations is not synonymous with social entrepreneur?

A) social innovator
B) public entrepreneur
C) civic entrepreneur
D) social impersonator

Question 22

The most pro-active position for a corporation to take in regard to social responsibility would be termed

A) social obligation.
B) social intensity.
C) social responsiveness.
D) social decisiveness.

Question 23

Membership in the World Trade Organization represents __________ of the world's population at present.

A) 85 percent
B) 92 percent
C) 95 percent
D) 97 percent

Question 24

An account framework that goes beyond the traditional measures of profit, return on investment,and shareholder value to include environmental and social dimensions is called

A) the shared bottom line
B) the value proposition
C) the triple bottom line
D) the twin bottom line

Question 25

Corporate social responsibility refers to

A) the enhancement of global competition
B) environmental entrepreneurship in the United States
C) actions that further some social good beyond the interests of the firm
D) the affect of ecopreneurship only on some industries

Question 26

Ecopreneurs are concerned

A) only with ecologically sustainable development
B) only with economically sustainable development
C) both ecologically and economically sustainable development
D) neither ecologically nor economically sustainable development

Question 27

Examples of social enterprise obligations to the environment include all of the following except

A) pollution control
B) restoration of the environment
C) recycling efforts
D) support for minority-own businesses

Question 28

Key elements in plans to create a sustainable future are likely to include which of the following?

A) eliminating the concept conservation
B) eliminating the concept of waste
C) eliminating the concept of "price"
D) eliminating the concept of accountability

Question 29

Bottom-line measures of economic performance include all of the following except:

A) global competition
B) personal income
C) cost of underemployment
D) job growth

Question 30

The basic challenge for social enterprise is addressing the obligations of business to

A) future generations
B) financial performance
C) different industries
D) society

Question 31

TBL focuses on all the following except

A) profits
B) people
C) the planet
D) precedence

Question 32

One researcher established a framework that classified social actions of corporations into distinct categories that included

A) social obligation.
B) social responsiveness.
C) social action.
D) a and b only.

Question 33

Which of the following statements about social entrepreneurship is not True?

A) Social entrepreneurship is limited to the world of not-for-profit corporations.
B) Social entrepreneurship is about having a heightened sense of accountability
C) Social entrepreneurship has, in recent years, been the subject of widespread media attention.
D) Social entrepreneurship adopts some of the same principles that have been effective in successful entrepreneurship.

Question 34

Among the advantages for global entrepreneurs of diaspora networks is

A) the speed with which information flows across borders
B) the distrust among traditional trading partners
C) the creation of places where anything can happen
D) the decline in political risks across ethnic communities

Question 35

An L3C is a new legal form for social enterprises known as

A) limited liability corporations
B) low-profit, limited liability companies
C) long-term, low-profit, low-liability companies
D) limited liability laborers

Question 36

Benefit corporations concern themselves with

A) purpose and transparency
B) accountability
C) accountability and transparency
D) purpose, accountability, and transparency

Question 37

During the 1990s, which new issue emerged as affecting entrepreneurs and ethics?

A) misleading advertising
B) misleading financial reporting.
C) favoritism in promotions.
D) the environment.

Question 38

Entrepreneurs now view social/environmental issues as

A) global competition.
B) part of the future of business.
C) a minor concern.
D) affecting only certain industries.

Question 39

If we accept the argument that social entrepreneurship is a continuum, at one extreme would be social entrepreneurs driven exclusively by producing social benefits; at the other, would be

A) social entrepreneurs motivated by the environment with social benefits being the means
B) social entrepreneurs motivated by profitability with social benefits being the means
C) social entrepreneurs motivated by income from their beneficiaries
D) social entrepreneurs motivated by income with entrepreneuerial means

Question 40

Emerging opportunities in the international arena are being fueled by

A) an increase in trade barriers and the emergence of trading blocs
B) a decrease in trade barriers and the emergence of trading blocs
C) a decrease in trade barriers and a decline in trading blocs
D) an increase in trade barriers and a decline in trading blocs

Question 41

Explain the concept of informal international alliances. What path do entrepreneurs usually follow with respect to informal international alliances?

Question 42

List some activities that have come to be associated with social entrepreneurship.

Question 43

Methods for going international include all of the following except

A) importing
B) exporting
C) licensing
D) foreign reclamation

Question 44

As NAFTA (North American Free Trade Agreement) has developed

A) new trade barriers have been enacted by Canada
B) trade barriers have been reduced
C) trade among the United States, Canada, and Mexico has decreased
D) entrepreneurial firms have become less competitive

Question 45

Why has sustainable development, perhaps, become the most prominent topic of our time?

Question 46

The first of five steps for entering the international marketplace is

A) securing adequate financing
B) filing the proper documents
C) conducting research
D) preparing a feasibility study

Question 47

Why is global thinking important to today's entrepreneurs?

Question 48

In 2011, the largest U.S. trading partners included

A) Canada, China, and Mexico
B) China, Mexico, and Turkey
C) Canada, Mexico, and India
D) China, India, and South Korea

Question 49

In the context of benefit corporations, what does transparency refer to?

Question 50

NAFTA (North American Free Trade Agreement) offers strong protection for

A) patents and copyrights
B) patents but not copyrights
C) patents and copyrights but not trade secrets
D) patents, copyrights, and trade secrets