(M) Chapter 4: Social Entrepreneurship (lecture-based)

Question 1

the economy of a certain country is primarily affected by the activity of private organizations/businesses

Answer 1

capitalism

Question 2

opposite of communism

Answer 2

capitalism

Question 3

it is a group of people that are wealthy and well-connected; the selling price of a service can become unreasonable because they dominate the market

Answer 3

monopolies

Question 4

a certain org or company becomes big, they are able to influence government decision and policies; becomes beneficial to the org and not the country; creates an unfair distribution of resources

Answer 4

oligarchies

Question 5

Are these effects of Capitalism, positive or negative?

• Large businesses and corporations, rapid growth of different industries (Industrial revolution)
• Competition, R&D, technological advancement; improved products, services and alternatives
• Higher quality of life

Answer 5

Positive effects

Question 6

Are these effects of Capitalism, positive or negative?

• Monopolies, Oligarchies
• Environmental costs and social issues

Answer 6

Negative

Question 7

Primary objective of capitalism

Answer 7

Higher Revenues and Profits!

Question 8

Social Entrepreneurship is process of creating ____ by combining resources in new ways intended primarily to explore and exploit opportunities to create ______ by stimulating social change or meeting social needs.

Answer 8

value
social value

Question 9

It is about finding new and better ways to create and sustain social value.

Answer 9

social entrepreneurship

Question 10

Involves the offering of services and products as well as creation of new organizations. May also occur in an established organization or refer to non- profit organizations & governments in
partnership with the private sector.

Answer 10

social entrepreneurship

Question 11

vital to the progress of societies as entrepreneurship is vital to the progress of economies.

Answer 11

social entrepreneurship

Question 12

They are _____ - they create large-scale change using pattern breaking ideas

Answer 12

change agents (social entrepreneurs)

Question 13

Social entrepreneurs are AKA

Answer 13

Public entrepreneurs
Civic entrepreneurs
Social innovators

Question 14

They apply ____, combine ____, and involve ____.

A. new technologies
B. cutting-edge research
C. innovative practices
D. deep knowledge

Answer 14

B C A

Question 15

Social Entrepreneurs address the ____ of social problems.

Answer 15

root causes

Question 16

They possess the ____ to create systemic change by introducing a new idea and persuade others to adopt it.

Answer 16

ambition

Question 17

T or F. Civic entrepreneurs have a deep knowledge of their social issues area

Answer 17

T

Question 18

An enterprise setup or driven by social goals.

Answer 18

Social enterprises

Question 19

T or F. Social goals may not exist in organizations which are not technically social enterprises.

Answer 19

F (may exist)

Question 20

The _______ is the most important criterion, not wealth creation.____ is only a means to an end for social entrepreneurs.

A. Wealth
B. Continuum
C. Social goals
D. Social mission

Answer 20

D A

Question 21

social enterprises driven exclusively by producing?

Answer 21

social benefits

Question 22

Social enterprises that are motivated by?

Answer 22

profitability with social benefits

Question 23

Environmental Entrepreneurship and Green capitalism is under what sustainable entrepreneurship?

Answer 23

Ecopreneurship

Question 24

3 Sustainable Entrepreneurship

Answer 24

1. Ecopreneurship
2. Social entrepreneurship
3. Corporate social responsibility

Question 25

Key action steps in the plan to create a sustainable future:

Eliminate the concept of __
Restore __
Make ___ reflect costs Promote ____
Make conservation___
Insist on accountability of __

Answer 25

waste
accountability,
prices,
diversity
profitable
nations

Question 26

T or F. Under corporate social responsibility, there’s 6 key action steps in the plan to create a sustainable future.

Answer 26

F (ecopreneurship)

Question 27

Assets Facilitating SUSTAINABILITY in Social Entrepreneurship

Answer 27

The Internet
Social Venture
Capitalists
Social Impact
Investing

Question 28

An approach to creating economic value that also creates value for society by addressing its needs and challenges.

Answer 28

Shared Value and the Triple Bottom Line

Question 29

Companies taking the lead in bringing business and society back together.

Answer 29

Shared Value and the Triple Bottom Lin

Question 30

T or F. Shared value and the Triple bottom line does not connect company success with social progress.

Answer 30

F

Question 31

T or F. A double bottom line goes beyond social responsibility or sustainability, transforming business thinking

Answer 31

Triple bottom line

Question 32

What is the triple bottom line?

Answer 32

economic, environmental and social performance measures

Question 33

overall net earnings

Answer 33

bottom line

Question 34

Related to the bottom line and income flows

Answer 34

Economic Performance Measures

Question 35

Related to natural resources and their viabilities

Answer 35

Environmental performance measures

Question 36

Refers to social dimension of an enterprise or region

Answer 36

social performance measures

Question 37

An accounting framework that goes beyond the traditional measures of profit, ROI, and shareholder value to include environmental and social dimensions.

Answer 37

Shared Value and the Triple Bottom Line