Question 1

The combination of financial assistance such as grants with a high level of engagement by the funder is known as ______.

Accepted Answer

A)  an earned-income activity
B)  venture philanthropy funding
C)  performance measurement
D)  nonfinancial support

Question 2

Wicked problems are defined as ______.

Accepted Answer

A)  problems without conflicting values
B)  large,complex social problems with limited information available and no clear solution
C)  problems stemming from a toxic leader
D)  problems with obvious solutions

Question 3

A corporation with profit goals can have a CSR strategy if it ______.

Accepted Answer

A)  treats its customers responsibly
B)  pursues social objectives in addition to pursing profit
C)  maximizes its charitable contributions
D)  reinvests all its profits into the company

Question 4

The biggest difference between social entrepreneurship and corporate social responsibility is ______.

Accepted Answer

A)  many social entrepreneurship models place equal emphasis on social and economic goals
B)  corporate social responsibility places equal emphasis on social and economic goals
C)  social entrepreneurship eschews economic goals
D)  corporate social responsibility prioritizes social goals over economic goals

Question 5

CSR helps address social issues but often does so at the expense of business issues.

Accepted Answer

A) True 
 B)False

Question 6

In the context of social entrepreneurship,stakeholders are ______.

Accepted Answer

A)  all the people or groups effected by or involved with the achievements of the social enterprise's objectives
B)  only the customers of the social enterprise
C)  only the investors supporting the social enterprise
D)  only the board members involved with the social enterprise

Question 7

Kiva's innovation in microlending was to allow anyone to loan small amounts of money to entrepreneurs in developing countries.

Accepted Answer

A) True 
 B)False

Question 8

Stakeholders who hold no power to influence and no urgent claims but who have legitimacy are considered ______.

Accepted Answer

A)  dormant stakeholders
B)  discretionary stakeholders
C)  demanding stakeholders
D)  definitive stakeholders

Question 9

Microloans are small short-term loans given to people living in poverty that enables them to engage in entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 10

Typically,venture philanthropy funding provides financial support for three to five years with the goal of enabling the venture to eventually become financially independent.

Accepted Answer

A) True 
 B)False

Question 11

A company whose core mission is improving social issues is engaged in corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 12

Robert has power and a strong sense of urgency but he has been known to use this power to coerce and manipulate.The power and urgency he exercises against your objectives have been a significant hindrance.Robert is an example of a ______.

Accepted Answer

A)  dependent stakeholder
B)  dangerous stakeholder
C)  definitive stakeholder
D)  dominant stakeholder

Question 13

Explain how the hybrid model of entrepreneurship differs from social purpose ventures and enterprising nonprofits.

Accepted Answer

A hybrid model of social entrepreneurshi...

Question 14

Raoul and his brother set up their mobile tool repair business two months ago.They have been successful but have not yet generated enough to pay themselves any wages.According to the GEM study,Raoul and his brother are ______.

Accepted Answer

A)  potential entrepreneurs
B)  nascent entrepreneurs
C)  new business owners
D)  established business owners

Question 15

Lupita launched her all-female housing construction company two years ago.She has been successful and has been able to pay herself a salary for the last year.According to the GEM study,Lupita is a/an ______.

Accepted Answer

A)  potential entrepreneur
B)  nascent entrepreneur
C)  new business owner
D)  established business owner

Question 16

A hybrid model of social entrepreneurship describes an organization with a purpose that equally emphasizes both economic and social goals.

Accepted Answer

A) True 
 B)False

Question 17

Estimates are that the SVC (social venture capitalist) market could grow to ______ due to the rise of more socially conscious entrepreneurs looking for impact investment opportunities.

Accepted Answer

A)  $1 billion
B)  $500 billion
C)  $1 trillion
D)  $3 trillion

Question 18

Stakeholders who have both urgency and legitimacy but lack the power to influence are considered ______.

Accepted Answer

A)  dormant stakeholders
B)  discretionary stakeholders
C)  dependent stakeholders
D)  definitive stakeholders

Question 19

Audacious Project award winner Sightsavers is ______.

Accepted Answer

A)  focused on providing eyeglasses to workers in Asian countries
B)  devoted to eliminating trachoma from impoverished countries
C)  dedicated to expanding existing medical NGOs to include ophthalmological wellness
D)  working to partner large corporate eyeglasses manufacturers with local charities in the developing world

Question 20

Stakeholders who possess both power and urgency but may use their power to coerce are considered ______.

Accepted Answer

A)  dominant stakeholders
B)  dangerous stakeholders
C)  dependent stakeholders
D)  definitive stakeholders

Exam 16: Supporting Social Entrepreneurship

Explain how the hybrid model of entrepreneurship differs from social purpose ventures and enterprising nonprofits.

Correct AnswerverifiedA hybrid model of social entrepreneurshi...View AnswerShow Answer

Wicked problems are defined as ______.

Correct AnswerverifiedShow Answer

Kiva's innovation in microlending was to allow anyone to loan small amounts of money to entrepreneurs in developing countries.

Correct AnswerverifiedShow Answer

A company whose core mission is improving social issues is engaged in corporate social responsibility.

Correct AnswerverifiedShow Answer

Lupita launched her all-female housing construction company two years ago.She has been successful and has been able to pay herself a salary for the last year.According to the GEM study,Lupita is a/an ______.

Correct AnswerverifiedShow Answer

The combination of financial assistance such as grants with a high level of engagement by the funder is known as ______.

Correct AnswerverifiedShow Answer

Stakeholders who hold no power to influence and no urgent claims but who have legitimacy are considered ______.

Correct AnswerverifiedShow Answer

A hybrid model of social entrepreneurship describes an organization with a purpose that equally emphasizes both economic and social goals.

Correct AnswerverifiedShow Answer

Stakeholders who have both urgency and legitimacy but lack the power to influence are considered ______.

Correct AnswerverifiedShow Answer

Audacious Project award winner Sightsavers is ______.

Correct AnswerverifiedShow Answer

In the context of social entrepreneurship,stakeholders are ______.

Correct AnswerverifiedShow Answer

Stakeholders who possess both power and urgency but may use their power to coerce are considered ______.

Correct AnswerverifiedShow Answer

Microloans are small short-term loans given to people living in poverty that enables them to engage in entrepreneurship.

Correct AnswerverifiedShow Answer

Raoul and his brother set up their mobile tool repair business two months ago.They have been successful but have not yet generated enough to pay themselves any wages.According to the GEM study,Raoul and his brother are ______.

Correct AnswerverifiedShow Answer

Typically,venture philanthropy funding provides financial support for three to five years with the goal of enabling the venture to eventually become financially independent.

Correct AnswerverifiedShow Answer

Robert has power and a strong sense of urgency but he has been known to use this power to coerce and manipulate.The power and urgency he exercises against your objectives have been a significant hindrance.Robert is an example of a ______.

Correct AnswerverifiedShow Answer

CSR helps address social issues but often does so at the expense of business issues.

Correct AnswerverifiedShow Answer

Estimates are that the SVC (social venture capitalist) market could grow to ______ due to the rise of more socially conscious entrepreneurs looking for impact investment opportunities.

Correct AnswerverifiedShow Answer

The biggest difference between social entrepreneurship and corporate social responsibility is ______.

Correct AnswerverifiedShow Answer

A corporation with profit goals can have a CSR strategy if it ______.

Correct AnswerverifiedShow Answer

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