Question 1

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

Accepted Answer

The term "social impersonator" is not commonly used to describe individuals who engage in socially innovative activities or initiatives. The other three designations – social innovator, public entrepreneur, and civic entrepreneur – are often used interchangeably with social entrepreneur.

Question 2

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 proactive position for a corporation to take in regard to social responsibility. This position involves anticipating and meeting the needs of social stakeholders and going beyond what is legally required. It also involves evaluating the social impact of business decisions and taking action to address any negative consequences. Social responsiveness demonstrates a commitment to social responsibility and can enhance the company's reputation and public image.

Question 3

Membership in the World Trade Organization represents __________ of the world's population at present.

Accepted Answer

The answer of Membership in the World Trade Organization represents...

Question 4

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 term "triple bottom line" was coined by John Elkington in 1994 to refer to an approach where companies not only focus on financial profitability but also on social and environmental impact. This framework incorporates three dimensions of performance: economic, social, and environmental. The economic bottom line refers to traditional financial measures while the social and environmental bottom lines represent the impact a company's actions have on people and the planet.

Question 5

Corporate social responsibility refers to

Accepted Answer

Corporate social responsibility refers to actions taken by companies that go beyond simply maximizing profits and also serve to benefit society as a whole. This can include initiatives related to environmental sustainability, philanthropy, community involvement, ethical business practices, and other areas that have a positive impact on stakeholders beyond just the company's owners or shareholders.

Question 6

Ecopreneurs are concerned

Accepted Answer

The answer of Ecopreneurs are concerned
...

Question 7

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

Accepted Answer

Support for minority-owned businesses is not directly related to environmental obligations. The other options (pollution control, restoration of the environment, and recycling efforts) all involve actions that social enterprises should take to fulfill their responsibilities to the environment.

Question 8

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

Accepted Answer

In order to create a sustainable future, it is important to eliminate the concept of waste by reducing, reusing, and recycling resources in a responsible manner. Eliminating the concept of conservation, price, or accountability would not contribute to a sustainable future.

Question 9

Bottom-line measures of economic performance include all of the following except:

Accepted Answer

Global competition is not typically considered a bottom-line measure of economic performance. Bottom-line measures typically refer to specific numerical measures, such as personal income, cost of underemployment, and job growth. Global competition is a broader concept that can have an impact on economic performance, but it is not a direct measure of performance.

Question 10

The basic challenge for social enterprise is addressing the obligations of business to

Accepted Answer

Social enterprise is a type of business that seeks to address social or environmental issues while still generating profits. Therefore, the obligations of social enterprise extend beyond just financial performance and include addressing the needs and concerns of society. Social enterprises must balance the interests of all stakeholders, including the communities they serve, the employees they hire, and the environment in which they operate. Therefore, the best choice is D, society.

Question 11

TBL focuses on all the following except

Accepted Answer

TBL stands for Triple Bottom Line, which focuses on three areas: profits, people, and the planet. Precedence is not a focus of TBL.

Question 12

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

Accepted Answer

The researcher's framework identified two distinct categories for social actions of corporations: social obligation and social responsiveness. Therefore, the correct answer is a and b only, which are social obligation and social responsiveness.

Question 13

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

Accepted Answer

Social entrepreneurship is not limited to not-for-profit corporations. Social entrepreneurs can operate within any sector, including for-profit businesses, as long as their primary goal is to create social value rather than just profit.

Question 14

Among the advantages for global entrepreneurs of diaspora networks is

Accepted Answer

Diaspora networks allow for quick and easy communication across borders, which can be a significant advantage for global entrepreneurs in terms of obtaining information about foreign markets and potential business opportunities.

Question 15

An L3C is a new legal form for social enterprises known as

Accepted Answer

An L3C is a low-profit, limited liability company that is specifically designed for social enterprises. It combines the benefits of a traditional LLC (limited liability protection) with the goal of furthering a socially beneficial purpose.

Question 16

Benefit corporations concern themselves with

Accepted Answer

Benefit corporations are companies that are committed to achieving social, environmental, and sustainable goals in addition to traditional profit goals. They are designed to balance their financial success with their impact on society, the environment, and their stakeholders. To do so, they prioritize purpose, accountability, and transparency in their decision-making process. Therefore, the best choice is D, which encompasses all three aspects of a benefit corporation's values.

Question 17

During the 1990s, which new issue emerged as affecting entrepreneurs and ethics?

Accepted Answer

During the 1990s, environmental concerns became a significant issue for entrepreneurs and ethics, as businesses faced increasing pressure to adopt sustainable practices and address environmental impacts.

Question 18

Entrepreneurs now view social/environmental issues as

Accepted Answer

The statement implies that entrepreneurs see social/environmental issues as part of the future of business, indicating a recognition of their importance and relevance in the business world. Option A and D are too narrow, while option C is contradicted by the statement.

Question 19

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 statement mentions that at one extreme would be social entrepreneurs driven exclusively by producing social benefits. Therefore, the opposite extreme would be social entrepreneurs who are motivated by profitability, with social benefits being the means. This is consistent with the definition of social entrepreneurship as an approach that uses entrepreneurial principles to create social or environmental impact while also generating a profit.

Question 20

Emerging opportunities in the international arena are being fueled by

Accepted Answer

The emergence of trading blocs can provide opportunities for businesses to access larger markets with fewer trade barriers, particularly if the blocs focus on reducing tariffs and other restrictions on trade. As more countries lower their trade barriers, there are greater opportunities for businesses to participate in international trade and expand their customer base. Conversely, increased trade barriers and the decline of trading blocs would limit opportunities for businesses to engage in international trade.

Quiz 4: Social Entrepreneurship and the Global Environment for Entrepreneurship