Question 1

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 ______.

Accepted Answer

Raoul and his brother are still in the early stages of their business and have not yet paid themselves anything. This fits the definition of nascent entrepreneurs, who are in the process of starting and building their businesses but have not yet established a stable income stream.

Question 2

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.

Accepted Answer

In the GEM (Global Entrepreneurship Monitor) study, individuals who believe they have the capacity and know-how to start a business without being burdened by the fear of failure are referred to as potential entrepreneurs.

Question 3

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

Accepted Answer

According to the 2018/2019 Global Entrepreneurship Monitor (GEM), the percentage of entrepreneurs in the United States has reached 15%.

Question 4

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

Accepted Answer

A company with a record of CSR activities may receive more lenient penalties if it is sued and prosecuted, as this can demonstrate a commitment to ethical behavior and social responsibility. However, this does not necessarily make the company immune to lawsuits or prosecution.

Question 5

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

Accepted Answer

The biggest global firms spend over $20 billion on CSR, and there is evidence suggesting that these investments are yielding financial benefits.

Question 6

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

Accepted Answer

The Environmental Defense Fund has gained support from the Audacious Project for building and launching a low-cost satellite to track and measure methane emissions.

Question 7

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

Accepted Answer

The ultimate goal of The Bail Project, as an Audacious Project award winner, is to help end mass incarceration and combat racial disparity. While they do provide bail assistance, their larger mission is to reform the criminal justice system and support community-based solutions that address root causes of incarceration. Establishing microfinance bail funds or providing shelter post-bail are not their primary objectives.

Question 8

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 ______.

Accepted Answer

Lupita is considered a new business owner because her company is between 3 months and 3.5 years old, and she has been paying herself a salary for the last year.

Question 9

The hybrid model of social entrepreneurship places emphasis on ______.

Accepted Answer

The hybrid model of social entrepreneurship places equal emphasis on making a profit and achieving social goals. It seeks to create sustainable businesses that use market-based approaches to solve social problems.

Question 10

Audacious Project award winner Sightsavers is ______.

Accepted Answer

Sightsavers is devoted to eliminating trachoma from impoverished countries.

Question 11

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

Accepted Answer

The answer of Female entrepreneurs in Vietnam,Panama,Qatar,Madagascar,Thailand,Angola,and Indonesia face which...

Question 12

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 ______.

Accepted Answer

Shida's success in running his company for five years and paying himself a competitive salary within the first 18 months indicate that he is an established business owner.

Question 13

The Audacious Project aims to bring together ______.

Accepted Answer

The Audacious Project aims to bring together social entrepreneurs and philanthropists to tackle some of the world's biggest challenges.

Question 14

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?

Accepted Answer

The Global Entrepreneurship Monitor (GEM) study often finds that Total Entrepreneurial Activity (TEA) is lower in developed regions compared to developing ones. Europe, with many developed economies, typically shows lower TEA rates than regions like Latin America, the Caribbean, and North America, where either the economy is rapidly growing or there's a stronger culture of entrepreneurial initiatives in response to less formal job opportunities.

Question 15

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

Accepted Answer

While both social entrepreneurship and corporate social responsibility involve working towards social goals, social entrepreneurship often places equal emphasis on both social and economic goals, while corporate social responsibility may prioritize social goals over economic goals.

Question 16

CSR stands for ______.

Accepted Answer

CSR stands for corporate social responsibility, which refers to a company's responsibility to operate in an ethical and sustainable manner while also benefiting society and the environment.

Question 17

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

Accepted Answer

GirlTrek is specifically targeted towards improving the health and well-being of African American women.

Question 18

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 ______.

Accepted Answer

Xavier started his small business out of necessity after being laid off and unable to find employment, which makes him a necessity-based entrepreneur according to the GEM study. Opportunity-based entrepreneurs, on the other hand, start a business based on identified market opportunities and the potential for creating wealth, whereas fearless entrepreneurs are those who take risks and are unafraid of failure. Unnoticed entrepreneurs may refer to individuals who are overlooked or unrecognized despite their entrepreneurial efforts.

Question 19

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

Accepted Answer

One Acre Fund assists African smallholder farmers, specifically those in Kenya, Rwanda, Burundi, Tanzania, Uganda, and Malawi.

Question 20

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

Accepted Answer

A CSR (Corporate Social Responsibility) strategy involves pursuing social objectives in addition to pursuing profit. While treating customers responsibly and making charitable contributions are important aspects of CSR, they alone do not constitute a comprehensive CSR strategy. Reinvesting all profits back into the company does not necessarily involve any social or environmental considerations. Therefore, the best choice is B - pursuing social objectives in addition to pursuing profit.

Quiz 16: Supporting Social Entrepreneurship