Question 1

What can be said about the social entrepreneur of tomorrow?

Accepted Answer

This choice presents the most comprehensive and accurate assessment of what can be expected from the social entrepreneur of tomorrow, as it acknowledges the importance of both finding creative solutions and leveraging pre-existing knowledge and relationships to drive long-term systematic change for broader social, political, and economic well-being.

Question 2

The future for social entrepreneurship is replete with possibilities and innovations to solve many of society's most intractable problems.

Accepted Answer

Social entrepreneurship has shown great potential in addressing societal issues such as poverty, inequality, and environmental degradation. As more individuals and organizations embrace this approach, the future holds promise for sustainable and impactful solutions to these challenges.

Question 3

A social trigger occurs when some new opportunity is discovered to create both social and financial value so that new social businesses are created.

Accepted Answer

A social trigger can indeed lead to the creation of new social businesses that aim to create both social and financial value.

Question 4

When the acceptance of a new idea becomes so commonplace that market liquidity develops, this is considered to be the midpoint along the maturity continuum for the attention curve for businesses addressing social ills.

Accepted Answer

The midpoint along the maturity continuum for the attention curve typically represents a peak in public and media attention, not necessarily the point at which market liquidity develops for new ideas addressing social ills. Market liquidity and widespread acceptance are outcomes that can occur at various points along the maturity continuum, often after the peak of attention as the idea becomes more integrated into society and markets.

Question 5

Three key challenges inherent in social entrepreneurship include managing accountability, managing the double bottom line, and managing stakeholders.

Accepted Answer

The answer of Three key challenges inherent in social entrepreneurship...

Question 6

Local food banks and boys' and girls' clubs are examples of nonprofits with income generating activities because value is created through grant writing, volunteers and for-profit ventures.

Accepted Answer

Local food banks and boys' and girls' clubs are nonprofits that rely on donations and grants to operate, and they do not typically engage in for-profit ventures. While they may have volunteers, this does not qualify as an income generating activity.

Question 7

Innovations can generally be separated into the two distinct categories of sustaining and disruptive.

Accepted Answer

This statement is true. There are two main categories of innovation: sustaining and disruptive. Sustaining innovations improve an existing product or service, while disruptive innovations create new markets and often disrupt existing markets.

Question 8

Catalytic innovations, a subset of sustaining innovations, provide "good enough" solutions to social challenges that are not effectively addressed using traditional approaches.

Accepted Answer

Catalytic innovations are designed to create social change by offering superior solutions to those that are not adequately addressed by existing approaches, rather than just "good enough" solutions. They aim to transform the system and create a significant impact.

Question 9

Generating resources, such as donations, grants, volunteers, or intellectual capital, in ways that are unattractive to incumbent competitors is a characteristic of catalytic innovators.

Accepted Answer

Catalytic innovators are able to generate resources in innovative ways that are unattractive to their competitors, allowing them to gain a competitive advantage. This includes generating donations, grants, volunteers, and intellectual capital in ways that are not easily replicable by competitors.

Question 10

Bricolage behavior is a set of actions driven by the search for existing and often scarce resources that can be combined and/or recombined to create novel and interesting solutions that affect their respective markets.

Accepted Answer

This statement accurately describes the concept of bricolage behavior.

Question 11

Social entrepreneurs whose environments are typically resource constrained and often present new challenges without providing new resources tend to consistently avoid bricolage behavior.

Accepted Answer

This statement is false. Social entrepreneurs in resource constrained environments often have to rely on creative and innovative methods of solving problems, which can involve bricolage behavior. Bricolage refers to using available resources in unconventional ways to solve problems, and is often employed in situations where there are limited resources.

Question 12

The degree to which social entrepreneurs engage in bricolage behavior may determine their success in developing catalytic innovations for the marketplace because notions of making do and using whatever is on hand link with a fundamental social shift toward developing smart, sustainable projects that are integral to social change.

Accepted Answer

The statement is true and explains that social entrepreneurs who engage in bricolage behavior may be successful in developing catalytic innovations that are integral to social change.

Question 13

It is rare today to find complex, adaptive public problems that do not require solutions in which stakeholders from nonprofit, public, and private sectors must collaborate.

Accepted Answer

In today's world, most complex public problems require collaboration and cooperation among multiple sectors, including nonprofits, government agencies, and private entities. This is because these issues are often too multifaceted and interconnected to be resolved by a single organization or sector. Examples include climate change, public health crises, and socioeconomic inequality.

Question 14

As a multidisciplinary field, social entrepreneurship presents a unique opportunity for graduate education to address the need to better teach systems thinking and innovation, e.g., business schools.

Accepted Answer

Social entrepreneurship requires graduates to have skills in various fields such as business, sociology, economics, and environmental studies. Therefore, it is a perfect field for graduate education to teach systems thinking and innovation.

Question 15

Global Social Entrepreneurship Competitions and Social Entrepreneurship Case and Business Plan Competitions are both forms of social venture competitions

Accepted Answer

Both Global Social Entrepreneurship Competitions and Social Entrepreneurship Case and Business Plan Competitions are types of social venture competitions.

Question 16

Not all nonprofit groups are successful and an example of a nonprofit group that has recently announced plans to wind down, because of financial problems is Malaria No More, a popular nonprofit that supplies bed nets in malaria zones.

Accepted Answer

This statement is false. Malaria No More has not announced plans to wind down due to financial problems. In fact, the organization is still active and continues to work towards its mission of ending malaria.

Question 17

Mention the five stages in the "Attention Curve", which depicts the changing views on social entrepreneurial approaches.

Accepted Answer

The answer of Mention the five stages in the "Attention...

Question 18

Which dimension is depicted on the vertical axis of the "Attention Curve"?

Accepted Answer

The answer of Which dimension is depicted on the vertical...

Question 19

Mention the three key challenges that have been identified as being inherent in social entrepreneurship.

Accepted Answer

The answer of Mention the three key challenges that have...

Question 20

Which six levels were distinguished in the sustainability equilibrium across both social/environmental value creation and economic value creation?

Accepted Answer

The answer of Which six levels were distinguished in the...

Quiz 14: The Future of Social Entrepreneurship