Question 1

MNO is involved in social responsibility.Their stakeholder was the observer and now the stakeholder is the customer.MNO is now ______.

Accepted Answer

The answer of MNO is involved in social responsibility.Their stakeholder...

Question 2

XYZ is purpose driven in their social focus and feels their purpose is core to their mission.XYZ is involved in ______.

Accepted Answer

The focus on social mission and purpose suggests that XYZ is engaged in social entrepreneurship, which prioritizes creating social impact alongside generating profit. Options A and D are not reflective of social impact or purpose-driven missions, and while option B (corporate social responsibility) may align with purpose-driven missions, it does not necessarily indicate a focus on entrepreneurship or maximizing impact.

Question 3

Luther is a special individual that possesses power, legitimacy, and urgency.He usually has a significant role to play in an organization and must be given priority when it comes to handling their issues.Luther is an example of a ______.

Accepted Answer

Luther fits the description of a definitive stakeholder, as he possesses power, legitimacy, and urgency, and has a significant role to play in the organization. A dependent stakeholder would rely on the organization to fulfill their needs, a dangerous stakeholder would pose a threat to the organization, and minority does not accurately describe Luther's situation.

Question 4

Stakeholders are ______.

Accepted Answer

Stakeholders refer to individuals or groups who are affected by or have an interest in the success or failure of a social enterprise's objectives. They can include employees, customers, shareholders, suppliers, communities, and government agencies.

Question 5

PQR was involved with social responsibility where they sought to reduce harm (sending bottled water to hurricane victims, etc.) and now they are measuring their social impact.PQR is now ______.

Accepted Answer

The answer of PQR was involved with social responsibility where...

Question 6

CSR stands for ______.

Accepted Answer

CSR stands for corporate social responsibility, which refers to a company's ethical and social performance, including its efforts to reduce its environmental impact, treat its employees fairly, and support local communities.

Question 7

STU was involved with social responsibility where they sought to reduce harm (sending bottled water to hurricane victims, etc.) and now they are measuring their social impact.Before switching to being a social entrepreneurship, STU was ______.

Accepted Answer

The text states that STU was involved with corporate social responsibility before switching to being a social entrepreneurship. Therefore, option B is the correct answer. Option A, profiteering, implies that STU was solely focused on making profits, which is not supported by the information given. Option C, operating as a social entrepreneurship, would be the current situation, after the switch. Option D, maximizing their charitable contributions, only addresses one aspect of social responsibility and does not provide enough information about STU's overall approach.

Question 8

Stakeholders for an entrepreneur include ______.

Accepted Answer

Stakeholders for an entrepreneur can include individuals of influence such as potential customers, investors, suppliers, employees, partners, and community members who may be affected by the business. Minority or majority representation may not necessarily apply, and stockholders and stakeholders are not the same thing as stakeholders include a broader range of individuals impacted by the business.

Question 9

Donald likes to hold power but does not tend to use that power unless he is given a reason to do so.Donald is an example of a ______.

Accepted Answer

Donald is an example of a dormant stakeholder because he holds power but does not actively use it unless there is a specific reason to do so, fitting the definition of a stakeholder who has the potential to impact or be impacted by the organization but currently remains inactive or not fully engaged.

Question 10

Kurt has no power or legitimacy; he is quite often the only dissenting voice in the room.Kurt is an ideal example of a ______.

Accepted Answer

Kurt is described as having no power or legitimacy but is often the only dissenting voice, which aligns with the characteristics of a demanding stakeholder, who has urgency but lacks power and legitimacy.

Question 11

Janell has the sense of urgency and is legitimate but she does not have the power to influence.She is passionate and her passion usually attracts dominant stakeholders.Janell is an example of a ______.

Accepted Answer

Janell is a dependent stakeholder because although she has a sense of urgency and legitimacy, she does not have the power to influence decisions. Her passion may attract dominant stakeholders, but ultimately she is dependent on their decisions.

Question 12

The stakeholders' map of Big Belly shown in Chapter 4 has shows which of the following as stakeholders?

Accepted Answer

The stakeholders' map of Big Belly includes the mayor, city planners, citizens, and investors. These groups have a direct or indirect stake in the success of Big Belly and have an impact on its operations and future growth. The other options listed do not have a direct or significant stake in the company.

Question 13

Zayden has both power and legitimacy.You would be wise to communicate with Zayden regularly and respond to his queries efficiently and accurately to maintain a good relationship with him.Zayden is an example of a ______.

Accepted Answer

Zayden is a dominant stakeholder because he possesses both power and legitimacy, making it important to maintain a good relationship with him.

Question 14

GHI has social responsibility as a department and is image motivated.GHI is involved in ______.

Accepted Answer

GHI's involvement in social responsibility as a department and being image motivated suggest that they are practicing corporate social responsibility. Option A, profiteering, is an unlikely choice as it does not align with the concept of social responsibility. Social entrepreneurship (option C) could be a possibility, but there is not enough information to support it. Option D, maximizing their charitable contributions, is too narrow and does not cover the full scope of social responsibility.

Question 15

DEF has social issues core to their mission and they seek to do good.DEF is involved in ______.

Accepted Answer

DEF's involvement in social issues is in line with the concept of social entrepreneurship, which involves using business strategies to create positive social and environmental impact. It is different from profiteering, which prioritizes financial gain above social or environmental responsibility. While DEF may engage in corporate social responsibility (Choice B) and charitable contributions (Choice D), these actions are not necessarily core to their mission as a social entrepreneurship-focused organization.

Question 16

A corporation with profit goals can have CSR if ______.

Accepted Answer

CSR stands for Corporate Social Responsibility. It refers to a corporation's obligation to operate in a manner that benefits society beyond its economic obligations. A corporation can have CSR if they add social objectives, such as environmental sustainability or community involvement, to their operations while still pursuing profit goals. Simply treating customers with responsibility or making charitable contributions are not enough to constitute CSR.

Question 17

Judge Holder has no power to influence and has no urgent claims, but he does have legitimacy by using his influence.Judge Holder is an example of a ______.

Accepted Answer

Judge Holder has no urgent claims or power, but he does have the legitimacy to influence decisions. As a discretionary stakeholder, he can choose to use his influence in a way that benefits the organization or not, without having a direct stake in the outcome.

Question 18

JLK views social responsibility as their main event- to do good and to be purpose driven.JLK is involved in ______.

Accepted Answer

The answer of JLK views social responsibility as their main...

Question 19

ABC has social responsibility peripheral to their mission and they seek to reduce harm; ABC is involved in ______.

Accepted Answer

ABC's involvement in reducing harm through social responsibility is an example of corporate social responsibility.

Question 20

Robert has power and a strong sense of urgency but he has been known to use this power to coerce or even resort to violence.Social issues can be emotive and he can be a hindrance for resolution.Robert is an example of a ______.

Accepted Answer

Robert's use of power to coerce and resort to violence makes him a dangerous stakeholder. He poses a threat to resolving social issues and can hinder progress.

Quiz 4: Supporting Social Entrepreneurship