Question 1

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

Accepted Answer

GirlTrek specifically targets African American women in its mission to improve their health and well-being through walking and community building.

Question 2

The Audacious Project aims to bring together ______.

Accepted Answer

The Audacious Project is a collaborative approach to funding social impact projects and it brings together social entrepreneurs and philanthropists.

Question 3

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

Accepted Answer

The ultimate goal of Audacious Project award winner The Bail Project is to help end mass incarceration and combat racial disparity. While they do provide bail assistance to those who cannot afford it, their larger mission is to address systemic issues within the criminal justice system that disproportionately impact people of color and low-income individuals.

Question 4

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

Accepted Answer

A CSR (Corporate Social Responsibility) strategy involves pursuing social and environmental objectives in addition to financial goals. Therefore, the best choice is B as it aligns with the definition of CSR. The other choices may be components of a CSR strategy, but they are not comprehensive enough to be considered a full CSR strategy.

Question 5

CSR stands for ______.

Accepted Answer

CSR stands for corporate social responsibility, which refers to a company's responsibility to consider the social and environmental impacts of its actions, and to operate in a way that positively contributes to society and the environment.

Question 6

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

Accepted Answer

Many social entrepreneurship models place equal emphasis on social and economic goals, whereas corporate social responsibility typically focuses on fulfilling social responsibilities within the framework of a profitable business.

Question 7

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 8

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

Accepted Answer

If a company has a record of CSR activities, it may receive more lenient penalties if it is sued and prosecuted. This is because the company can show that it has a commitment to social responsibility, which can be taken into account by the courts in determining the appropriate penalty. However, it does not necessarily make the company less likely to be sued in the first place.

Question 9

Audacious Project award winner Sightsavers is ______.

Accepted Answer

The article mentions that Sightsavers is "devoted to eliminating trachoma from some of the world's poorest countries." Trachoma is a bacterial infection that can cause blindness and is prevalent in impoverished areas.

Question 10

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, as he was unable to find employment after losing his job at the manufacturing plant. Therefore, he is a necessity-based entrepreneur according to the GEM study.

Question 11

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 12

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 13

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) report, the percentage of entrepreneurs in the United States has reached 15%.

Question 14

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

The answer of Individuals who believe they have the capacity...

Question 15

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 IT consulting company has been successful for the last five years and he has been able to pay himself a competitive salary within the first 18 months of operation. This indicates that he is an established business owner, as he has created a sustainable and profitable business over a significant period of time. The other options, such as potential entrepreneur or nascent entrepreneur, refer to individuals who are in the early stages of starting a business or have not yet established a sustainable business. A new business owner may have recently started a business, but it does not necessarily indicate the length of time or level of success.

Question 16

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

Accepted Answer

The answer of Today,the biggest global firms spend over ______...

Question 17

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

The answer of Lupita launched her all-female housing construction company...

Question 18

The hybrid model of social entrepreneurship places emphasis on ______.

Accepted Answer

The hybrid model of social entrepreneurship places equal emphasis on both making a profit and achieving social goals. This model aims to create sustainable social impact while generating financial returns. Therefore, it combines the principles of traditional business entrepreneurship with social activism.

Question 19

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

According to the GEM (Global Entrepreneurship Monitor) study, nascent entrepreneurs are defined as individuals who are actively setting up a business or are in the process of starting a business but have not yet paid themselves wages or salaries for more than three months. Therefore, Raoul and his brother fall under the category of nascent entrepreneurs.

Question 20

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

Accepted Answer

One Acre Fund assists African smallholder farmers.

Quiz 16: Supporting Social Entrepreneurship