Question 1

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

Accepted Answer

Supporting minority-owned businesses is not directly related to environmental obligations. The other choices (A, B, and C) are all examples of environmental obligations that social enterprises may have.

Question 2

International alliances rarely require the exchange of proprietary knowledge.

Accepted Answer

International alliances often involve cooperation in research and development or joint venture projects, which may require the sharing of proprietary knowledge and expertise between partnering organizations. This sharing of knowledge can be beneficial for both parties, but can also come with risks if proper safeguards are not put in place to protect intellectual property.

Question 3

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

Accepted Answer

The term "social impersonator" is not associated with social entrepreneurship or any related field. The other options - social innovator, public entrepreneur, and civic entrepreneur - are all synonyms for social entrepreneur and refer to individuals who create sustainable solutions to social problems.

Question 4

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

Accepted Answer

Social entrepreneurship is not limited to the world of not-for-profit corporations. Social entrepreneurship can exist within for-profit corporations, as well as in the public sector or in a range of other organizations.

Question 5

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

Accepted Answer

The question states that the continuum ranges from social entrepreneurship driven exclusively by producing social benefits to the opposite end. Option B fits this description as social entrepreneurs are motivated by profitability and see social benefits as a means to achieve financial gain.

Question 6

Ecopreneurship is a combination of ecologically and economically sustainable development.

Accepted Answer

Ecopreneurship is a business approach that aims for environmentally sustainable development while also considering economic sustainability.

Question 7

Ecopreneurs are concerned

Accepted Answer

The answer of Ecopreneurs are concerned
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Question 8

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

Accepted Answer

Licensing agreements can involve various forms of intellectual property such as patents, trademarks, and technical know-how.

Question 9

Corporate social responsibility refers to

Accepted Answer

Corporate social responsibility refers to actions taken by a company that go beyond their own financial interests and benefit society as a whole. This can include initiatives related to environmental sustainability, social justice, or philanthropy. It is not related to the enhancement of global competition or ecopreneurship in specific industries, but instead is a broader concept that applies to all businesses.

Question 10

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

Accepted Answer

Eliminating the concept of waste is a key element in plans to create a sustainable future, as it involves reducing, reusing, and recycling materials to minimize negative impacts on the environment. Eliminating the other concepts listed (conservation, price, and accountability) would not be beneficial to creating a sustainable future. Conservation involves protecting natural resources, while price and accountability are important for ensuring responsible consumption and production practices.

Question 11

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

Accepted Answer

The triple bottom line (TBL) is a framework that considers not only financial profits, but also the social and environmental impacts of a business. The three dimensions of the TBL are often referred to as "people, planet, and profit". The shared bottom line (A) and twin bottom line (D) are not commonly used terms in this context, while the value proposition (B) refers to the unique benefits and advantages that a product or service offers to customers.

Question 12

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

Accepted Answer

Social responsibility consists of those obligations that businesses have to society, not the other way around.

Question 13

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

Accepted Answer

Successful global start-ups often have internationally experienced management, which is crucial for navigating the complexities of global markets, understanding diverse customer needs, and managing cross-cultural teams effectively.

Question 14

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

Accepted Answer

The triple bottom line accounting framework considers not only short-term financial performance, but also social and environmental factors. It seeks to optimize long-term sustainability and overall impact.

Question 15

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

Accepted Answer

Purpose, accountability, and transparency are key elements of social sustainability, as they contribute to the organization's ability to respond to the needs of various stakeholders, including shareholders, customers, employees, and communities. A socially sustainable enterprise operates with a clear sense of its purpose, aligning its actions with its values and mission. It is accountable to its stakeholders, meaning that it takes responsibility for the impacts of its decisions on the environment, society, and the economy. And it is transparent, communicating openly and honestly about its performance, practices, and challenges.

Question 16

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

Accepted Answer

Social responsiveness is the most pro-active position for a corporation to take in regards to social responsibility. It involves actively monitoring and responding to social issues and concerns, often going beyond legal and regulatory requirements to make a positive impact on society. Social obligation suggests that a corporation only meets the minimum legal requirements, while social intensity and social decisiveness are not commonly used terms in the context of social responsibility.

Question 17

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

Accepted Answer

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

Question 18

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

Accepted Answer

Social obligation, social responsibility and social responsiveness are all different approaches to how firms engage with society. Social obligation refers to the legal and regulatory requirements that businesses must follow. Social responsibility relates to the voluntary actions that a company takes to improve social, economic and environmental conditions. Social responsiveness is a firm's ability to adapt to changing societal expectations and demands. Therefore, the statement is true.

Question 19

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

Accepted Answer

Social entrepreneurs are individuals who identify social issues and use entrepreneurial principles to create and sustain social value. They often combine resources, such as funding, networks, and expertise, to address social challenges and create positive change.

Question 20

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

Accepted Answer

Social obligation refers to the responsibility of corporations to follow legal and ethical standards, while social responsiveness involves taking actions to meet societal needs and expectations beyond legal requirements. Therefore, both options A and B are included in the framework. Option C, "social action," is not a distinct category but rather an overarching term that encompasses both social obligation and social responsiveness.

Quiz 4: Social Entrepreneurship and the Global Environment for Entrepreneurship