Chapter 14

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Social entreprenuership is primarily concerned with profits
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Terms in this set (47)
A logic model provides the financial details of a social ventureFalseA theory of change describes how one intends to use available resources to make a societal improvementTrueNonprofit organizations cannot be financially evaluated because they do not produce financial profitsFalseBecause social entrepreneurial ventures serve social ends they do not need to be financially viableFalseThe ability to articulate a venture's social values is helpful for evaluating its performanceTrueA formative evaluation is conducted prior to forming a social entrepreneurship ventureFalseA summative evaluation is conducted following completion of a social entreprenuership programTrueSocial entrepreneurship ventures require a longitudinal evaluation as part of the logic modelFalseAll worthy social ventures should go to scaleFalseBecause so many people want to be social entrepreneurs it is easy to expand a highly successful social ventureFalseMany social entrepreneurs have created sysmetic changeTrueOnly successful and innovative social entrepreneurs enjoy real psychological rewardsFalseThe Timmons Model will be affected by the choice of Social venture typeTrueImpace measures are an internal and external signal of a venture's valuesTrueImpact measures drive a venture's strategyFalseGaining certification as a C Corporations is consideted a strong demonstration of social commitment for an enterprising non profitFalseEntreprising nonprofits distribute dividends to shareholders as long as social outcomes are being metFalseWhat is the most social pact focused type of social venture? A enterprising nonprofit B traditional venture C hybrid D social purpose E social consequencesEnterprising nonprofitWhy is a hybrid a form of social entrepreneurship? A it creates both social and economic value B it is avle to make a profit C it competes with for-profit companies D schumpeter created the first model E it can be organize anywhere worldwideA it creates both social and economic valueWhich of the following is essential in order to undertake a social venture? A an existing organizational model B receiving funding from a foundation C recognizing an opportunity D identifying a paying customer E all of the aboveC recognizing an opportunityWhat experience best qualified Jim Poss to staty Big Belly Solar? A preparing a business plan B his knowledge of the trash industry C his studies in social entreptenuership D none of the aboveB his knowledge of the trash industryWhat is usually the easiest step in social entrepreneurship? A finding partners B deciding the best form of organization C closing down the enterprise D identifying the opportunity E getting fundingD identifying the opportunityWhy did Trica compas-markman first start the day one response? A to earn an economic profit B to make her invention commercially available C to provide free water D to complete a degree requirement E because she was incentivized by a govenrment gtany to do soB to make her invention commercially availableAccording to a 2010 Global Entrepreneurship Monitor study, what percentages of entrepreneurs are pursuing primarily economic, AND how many are pursuing social & economic goals, respectively? A. 5% primarily economic; 46% social and economic B. 7.5% primarily economic; 46% social and economic C. 5% primarily economic; 42% social and economic D. 7.5% primarily economic; 42% social and economicB. 7.5% primarily economic; 46% social and economicWhich of the following is NOT one of the assumptions about creating new ventures that has recently changed? A. Until the 1990s, energy was relatively expensive B. Labor was widely available and, in some countries, cheap. C. Access to credit to start businesses was relatively easy. D. The information needed to start a business was available with a computer, phone, and internet connection.A. Until the 1990s, energy was relatively expensiveIn keeping with process-oriented definitions of social entrepreneurship; social wealth is defined broadly to include: A. economic, societal, health, and climatic aspects of human welfare B. economic, societal, health, and environmental aspects of human welfare C. diplomatic, societal, dental, and environmental aspects of human welfare D. economic, spiritual, health, and environmental aspects of human welfareB. economic, societal, health, and environmental aspects of human welfareAccording to entrepreneur-centric definitions, social entrepreneurs are: A. The change agents for society, seizing overlooked opportunities by improving systems, inventing new approaches, and creating sustainable solutions to transform society for the better. B. Constantly searching for superior ways to solve the problems that plague society. C. Individuals with innovative solutions to society's most pressing social problems. D. All of the above.D. All of the above.What would be the typology be of a venture that is focused on increasing the supply of affordable housing that uses a business model designed to lowers the cost of producing housing so that it can sell homes at a price more lower income families can afford? A. Hybrid B. Social Purpose C. Social Consequence D. Traditional Venture E. Enterprising Non-ProfitB. Social PurposeOne reason to become a Certified B Corporation is to; A. Create a material positive impact on society and the environment B. Expand fiduciary duties of directors that requires consideration of non-financial interests C. Signal its commitment to economic and social impacts D. A & C only E. All of the aboveE. All of the aboveWhich of the following changes will impact all three portions of the Timmons Model? A. A change in the venture mission B. A change in the venture's impact C. A change in both the venture's mission and impact D. Only the shift from a traditional venture to another quadrant E. Any of the aboveE. Any of the aboveWhy is it difficult to measure the impact of social ventures. A. Social problems are complex B. Social problems often have multiple stakeholders C. Different groups usually agree on the best approach D. B & C only E. A & B onlyE. A & B onlyWhat are the three components of a Triple Bottom Line (TBL) objective statement? A. Economic, Environmental, & Spiritual B. Political, Environmental, & Social C. Economic, Environmental, & Social D. Economic, Organizational, & SocialC. Economic, Environmental, & SocialWhat aspect of many large companies social impact has garnered the largest amount of negative media attention in recent years? A. Corporate social responsibility initiatives B. Supply chain operations C. Employee incentive plans D. Advertising campaignsB. Supply chain operationsTom's shoes give away one pair of shoes to someone in a developing country for every pair of shoes sold for a profit in a developed country. Which typology is this? A. Hybrid B. Social Purpose C. Social Consequence D. Traditional Venture E. Enterprising Non-ProfitE. Enterprising Non-ProfitWhich of the following is NOT a principle of the UN Global Compact? A. Businesses should support and respect the protection of internationally proclaimed human rights. B. Undertake initiatives to promote greater environmental responsibility. C. Elimination of election financing practices that favor large donor contributions. D. Elimination of discrimination in respect of employment and occupation.C. Elimination of election financing practices that favor large donor contributions.Which of the following companies would be considered a traditional venture? A. Habitat for Humanity B. Save the Children C. Ben & Jerry's D. Doctors without BordersC. Ben & Jerry'sWhat is driving the increase in social entrepreneurship? A. Increased awareness of social issues B. Desire to avoid corporate taxes C. Stabilization of environmental issues D. Lack of opportunities for finding by traditional ventures E. None of the aboveA. Increased awareness of social issues