Deck 6: Opportunities for Social Entrepreneurship

Question 1

Which of the following is a characteristic of wicked problems?

A) They have well-defined and stable problem statements.
B) They come with a limited set of alternative solutions.
C) Every problem is unique and novel.
D) The solution to these problems can be easily tried and abandoned.

Answer 1

C

Question 2

_____ is derived from entrepreneurial activities that seek to address problems related to people and problems related to the planet-regardless of profit orientation.

Answer 2

Social value

Question 3

By definition,any form of entrepreneurship is called social enterprising.

Answer 3

False

Question 4

According to the Timmons Model of the entrepreneurial process,the brain trust aspect of the team is especially important because:

A) collaboration across boundaries is paramount in social entrepreneurship.
B) it replaces the bootstrapping method of resource acquisition in social entrepreneurship.
C) capital markets do not exist for social entrepreneurs.
D) available funds are decreasing in the not-for-profit sectors.

Question 5

Which of the following is a method of resource acquisition in social entrepreneurship?

A) Interpolating
B) Bootstrapping
C) Accelerated vesting
D) Featherbedding

Question 6

The primary difference between traditional ventures and social purpose ventures is the primary market impact.

Question 7

In the early 1970s,the notion of wicked problems emerged out of the complexity of resolving issues related to ____.

A) price inflation
B) oil shortages
C) urban and governmental planning
D) declining gross domestic product (GDP)

Question 8

Unlike traditional startups,social ventures do not typically use bootstrapping as a means of resource acquisition.

Question 9

Venture philanthropy provides value-added funding for nonprofit organizations to increase their potential for developing revenue streams.

Question 10

Social purpose ventures are founded to solve a social problem through an economically viable entity.

Question 11

Corporate social responsibility (CSR),which emphasizes doing good and serving communities while still making a profit,provides good examples of hybrid models of social entrepreneurship.

Question 12

The Grameen Bank in Bangladesh offers:

A) microloans.
B) focused loans.
C) collateralized loans.
D) amortized loans.

Question 13

What is true of enterprising nonprofits pursuing earned-income activities?

A) They have very few employees when compared to other types of nonprofits.
B) They incorporate outside investment in the form of philanthropy.
C) They believe they are less entrepreneurial when compared to other types of nonprofits.
D) They typically do not wait for complete financing before starting a business.

Question 14

Solutions to wicked problems are not right or wrong.

Question 15

Why is access to capital an increasing challenge for social entrepreneurs?

A) Because capital markets do not exist for not-for-profit sectors
B) Because nonprofits are not sustainable and scalable
C) Because of competition from other social ventures
D) Because of using bootstrapping as a method of resource acquisition

Question 16

_____ is a type of social venture capital whose purpose is typically economic development and job creation in impoverished areas.

A) Focused fund
B) Community fund
C) VC with a conscience
D) Philanthropy fund

Question 17

There are probably more hybrid models of social entrepreneurship than social ventures and enterprising nonprofits combined.

Question 18

Muhammad Yunus revolutionized the banking industry in the late 1970s by offering microloans to the poorest of the poor with heavy collateral.

Question 19

Social venture capitals seek to invest in for-profit ventures not only for financial return but also for social and environmental returns that are referred to as ____.

A) social venture commitments
B) enterprising nonprofits
C) triple bottom line
D) double top line

Question 20

A social entrepreneur must accept that a wicked problem is never fully solved,and the solution is not likely to meet all expectations.

Question 21

What are a few pressing social problems that could provide opportunity spaces for social entrepreneurs?

Question 22

Unlike tame problems,wicked problems do not have a predetermined ____,so a social entrepreneur is forced to make rational choices based on a rigorous evaluation of trade-offs.

Question 23

How do social and enterprising nonprofits differ from hybrid models?

Question 24

Enterprising nonprofits may incorporate outside investment,in the form of ____,to scale the organization for increased social impact.

Question 25

A venture that invests in early-stage companies operating in the education and health care areas of social concern and explicitly promotes the environmental and social focus of its funds is an example of a(n)_____ fund,a type of social venture capital.

Question 26

According to the Timmons Model of the entrepreneurial process,the _____ aspect of a team refers to the external stakeholders.

Question 27

Briefly discuss any two accepted principles of venture philanthropy from the European Venture Philanthropy Association (EPVA).

Question 28

The Fourth Sector Project seeks to recognize a new model of social entrepreneurship known as the _____ model.

Question 29

_____ provides value-added funding for nonprofit organizations to increase their potential for social impact.

Question 30

Venture philanthropists have a close,hands-on relationship with social entrepreneurs and the ventures they support,driving innovative and scalable models of social change.This refers to the _____ characteristic of venture philanthropy.

Question 31

Why are corporate social responsibility (CSR)practices not considered examples of hybrid models of social entrepreneurship?

Question 32

What is the result of social entrepreneurship?

Question 33

What are the two types of enterprising nonprofits and how do they differ?

Question 34

_____ is a type of social venture capital that stipulates that a certain percentage of funds will be invested in socially responsible businesses related to a venture's target investment area.

Question 35

The primary difference between traditional entrepreneurship and social entrepreneurship is the ____.

Question 36

Using the Grameen Bank in Bangladesh as an example,explain how microloans work.