Question 1

What experience best qualified Jim Poss to start Big Belly Solar?

Accepted Answer

A)  Preparing a business plan 
B)  His knowledge of the trash industry 
C)  His studies in social entrepreneurship 
D)  None of the above 
A)  Preparing a business plan 
B)  His knowledge of the trash industry 
C)  His studies in social entrepreneurship 
D)  None of the above B

Question 2

Hybrid social ventures have a revenue-generating component.

Accepted Answer

A) True 
 B)False  True

Question 3

Nonprofit organizations cannot be financially evaluated, because they do not produce financial profits.

Accepted Answer

A) True 
 B)False  False

Question 4

Identifying an opportunity for a social venture always results from a deliberate process.

Accepted Answer

A) True 
 B)False

Question 5

According to entrepreneur-centric definitions, social entrepreneurs are:

Accepted Answer

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. 
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.

Question 6

Social entrepreneurship creates social value and/or social change.

Accepted Answer

A) True 
 B)False

Question 7

All worthy social ventures should go to scale.

Accepted Answer

A) True 
 B)False

Question 8

In keeping with process-oriented definitions of social entrepreneurship; social wealth is defined broadly to include:

Accepted Answer

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 welfare 
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 welfare

Question 9

Which of the following is essential in order to undertake a social venture?

Accepted Answer

A)  An existing organizational model. 
B)  Receiving funding from a foundation. 
C)  Recognizing an opportunity. 
D)  Identifying a paying customer. 
E)  All of the above. 
A)  An existing organizational model. 
B)  Receiving funding from a foundation. 
C)  Recognizing an opportunity. 
D)  Identifying a paying customer. 
E)  All of the above.

Question 10

What aspect of many large companies social impact has garnered the largest amount of negative media attention in recent years?

Accepted Answer

A)  Corporate social responsibility initiatives 
B)  Supply chain operations 
C)  Employee incentive plans 
D)  Advertising campaigns 
A)  Corporate social responsibility initiatives 
B)  Supply chain operations 
C)  Employee incentive plans 
D)  Advertising campaigns

Question 11

Corporate social responsibility is an example of social entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 12

Many social ventures are nonprofit organizations.

Accepted Answer

A) True 
 B)False

Question 13

Why did Tricia Compas-Markman first start the DayOne Response?

Accepted Answer

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 government grant to do so. 
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 government grant to do so.

Question 14

One reason to become a Certified B Corporation is to;

Accepted Answer

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 above 
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 above

Question 15

Which of the following is NOT one of the assumptions about creating new ventures that has recently changed?

Accepted Answer

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 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.

Question 16

Which of the following companies would be considered a traditional venture?

Accepted Answer

A)  Habitat for Humanity 
B)  Save the Children 
C)  Ben & Jerry's 
D)  Doctors without Borders 
A)  Habitat for Humanity 
B)  Save the Children 
C)  Ben & Jerry's 
D)  Doctors without Borders

Question 17

Because so many people want to be social entrepreneurs it is easy to expand a highly successful social venture.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following changes will impact all three portions of the Timmons Model?

Accepted Answer

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 above 
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 above

Question 19

Why is a Hybrid a form of social entrepreneurship?

Accepted Answer

A)  It creates both social and economic value. 
B)  It is able to make a profit. 
C)  It competes with for-profit companies. 
D)  Schumpeter created the first model. 
E)  It can be organized anywhere worldwide. 
A)  It creates both social and economic value. 
B)  It is able to make a profit. 
C)  It competes with for-profit companies. 
D)  Schumpeter created the first model. 
E)  It can be organized anywhere worldwide.

Question 20

Which of the following is NOT a principle of the UN Global Compact?

Accepted Answer

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. 
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.

What experience best qualified Jim Poss to start Big Belly Solar?

Hybrid social ventures have a revenue-generating component.

Nonprofit organizations cannot be financially evaluated, because they do not produce financial profits.

Identifying an opportunity for a social venture always results from a deliberate process.

According to entrepreneur-centric definitions, social entrepreneurs are:

Social entrepreneurship creates social value and/or social change.

All worthy social ventures should go to scale.

In keeping with process-oriented definitions of social entrepreneurship; social wealth is defined broadly to include:

Which of the following is essential in order to undertake a social venture?

What aspect of many large companies social impact has garnered the largest amount of negative media attention in recent years?

Corporate social responsibility is an example of social entrepreneurship.

Many social ventures are nonprofit organizations.

Why did Tricia Compas-Markman first start the DayOne Response?

One reason to become a Certified B Corporation is to;

Which of the following is NOT one of the assumptions about creating new ventures that has recently changed?

Which of the following companies would be considered a traditional venture?

Because so many people want to be social entrepreneurs it is easy to expand a highly successful social venture.

Which of the following changes will impact all three portions of the Timmons Model?

Why is a Hybrid a form of social entrepreneurship?

Which of the following is NOT a principle of the UN Global Compact?

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Prototyping Your Ideas

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Financing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Filters

Exam 15: Social Entrepreneurship

What experience best qualified Jim Poss to start Big Belly Solar?

Hybrid social ventures have a revenue-generating component.

Nonprofit organizations cannot be financially evaluated, because they do not produce financial profits.

Identifying an opportunity for a social venture always results from a deliberate process.

According to entrepreneur-centric definitions, social entrepreneurs are:

Social entrepreneurship creates social value and/or social change.

All worthy social ventures should go to scale.

In keeping with process-oriented definitions of social entrepreneurship; social wealth is defined broadly to include:

Which of the following is essential in order to undertake a social venture?

What aspect of many large companies social impact has garnered the largest amount of negative media attention in recent years?

Corporate social responsibility is an example of social entrepreneurship.

Many social ventures are nonprofit organizations.

Why did Tricia Compas-Markman first start the DayOne Response?

One reason to become a Certified B Corporation is to;

Which of the following is NOT one of the assumptions about creating new ventures that has recently changed?

Which of the following companies would be considered a traditional venture?

Because so many people want to be social entrepreneurs it is easy to expand a highly successful social venture.

Which of the following changes will impact all three portions of the Timmons Model?

Why is a Hybrid a form of social entrepreneurship?

Which of the following is NOT a principle of the UN Global Compact?

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Prototyping Your Ideas

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Financing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Filters