ENTR 321 Chapter 4

Key elements in plans to create a sustainable future are likely to include which of the following? a.) eliminating the concept of conservation b.) eliminating the concept of "price" c.) eliminating the concept of waste d.) eliminating the concept of accountability

eliminating the concept of conservation

Corporate social responsibility refers to: a.) environmental entrepreneurship in the United States. b.) the affect of ecopreneurship only on some industries c.) actions that further some social good beyond the interests of the firm d.) the enhancement of global competition

actions that further some social good beyond the interest of the firm

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. The first step taken to go international is _____.

conduct research

Bottom-line measures of economic performance include all of the following except: a.) job growth b.) global competition c.) personal income d.) cost of underemployment

global competition

Which of the following statements about social entrepreneurship is not true? a.) social entrepreneurship has, in recent years, been the subject of widespread media attention b.) social entrepreneurship adopts some of the same principles that have been effective in successful entrepreneurship c.) social entrepreneurship is about having a heightened sense of accountability d.) social entrepreneurship is limited to the world of not-for-profit corporations

social entrepreneurship is limited to the world of not-for-profit corporations

The most pro-active position for a corporation to take in regard to social responsibility would be termed a.) social responsiveness b.) social decisiveness c.) social obligation d.) social intensity

social responsiveness

The three Ps of the triple bottom line are people, planet, and profits. True or False

True

Methods for going international include all of the following except: a.) importing b.) licensing c.) foreign reclamation d.) exporting

foreign reclamation

Ecopreneurship is a combination of ecologically and economically sustainable development. True or False

False

The first of five steps for entering the international marketplace is: a.) conducting research b.) securing adequate financing c.) filing the proper documents d.) preparing a feasibility study

conducting research

If we accept the argument that social entrepreneurship is a continuum, at one extreme would be social entrepreneurs driven exclusively by producing social benefits; at the other, would be: a.) social entrepreneurs motivated by income from their beneficiaries b.) social entrepreneurs motivated by income with entrepreneurial means c.) social entrepreneurs motivated by the environment with social benefits being the means d.) social entrepreneurs motivated by profitability with social benefits being the means

social entrepreneurs motivated by profitability with social benefits being the means

Which of the following designations is not synonymous with social entrepreneur? a.) civic entrepreneur b.) social impersonator c.) social innovator d.) public entrepreneur

social impersonator

International alliances rarely require the exchange of proprietary knowledge. True or False

False

Social responsibility consists of those obligations that society has to businesses. True or False

False

Social entrepreneurs are known to combine resources to exploit opportunities to create social value. True or False

True

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. _______ is the umbrella organization governing the international trading system.

WTO

Ecopreneurs are concerned: a.) both ecologically and economically sustainable development b.) only with economically sustainable development c.) neither ecologically nor economically sustainable development d.) only with ecologically sustainable development

only with economically sustainable development

One researcher established a framework that classified social actions of corporations into distinct categories that included social responsiveness and ______? a.) social facilitation b.) social action c.) social obligation d.) social utility

social obligation

Among the advantages of global entrepreneurs of diaspora networks is: a.) the decline in political risks across ethnic communities b.) the creation of places where anything can happen c.) the speed with which information flows across borders d.) the distrust among traditional trading partners

the speed with which information flows across borders

Successful global start-ups, or entrepreneurial businesses that are "born global," surprisingly often lack internationally experienced management. True or False

False

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. A ______ is a company owned by two or more organizations.

joint venture

The triple bottom line is an accounting framework that focuses on optimizing short-term financial performance True or False

False

Licensing agreements can involve patents, trademarks, and technical know-how. True or False

True

Social obligation, social responsibility, and social responsiveness are all ways firms view their interactions with society. True or False

True

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. Foreign governments sometimes grant tax incentives for _______.

direct foreign investment

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. Informal, formal, or joint collaborations are ______.

international alliances

An L3C is a new legal form for social enterprises known as: a.) limited liability corporations b.) low-profit, limited liability companies c.) long-term, low-profit, low-liability companies d.) limited liability laborers

low-profit, limited liability companies

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. _______ includes unstable government, war, regionalism, and ideological differences.

political risk

Examples of social enterprise obligations to the environment include all of the following except: a.) recycling efforts b.) restoration of the environment c.) support for minority-own businesses d.) pollution control

support for minority-own businesses

An account framework that goes beyond the traditional measures of profit, return on investment, and shareholder value to include environmental and social dimensions is called: a.) the twin bottom line b.) the triple bottom line c.) the shared bottom line d.) the value proposition

the triple bottom line

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. ______ is a business arrangement in which the manufacturer of a product gives permission to some group or individual to manufacture the product in return for specified royalties or other payments.

Licensing

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. ______ is an international agreement among Canada, Mexico, and the United States that eliminates trade barriers.

NAFTA

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. _______ can cover three types of risk: currency inconvertibility insurance, expropriation insurance, and political environment insurance.

OPIC

Purpose, accountability, and transparency are characteristics associated with socially sustainable enterprises. True or False

True

When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. Relationships among ethnic groups that share cultural and social norms are _______.

Diaspora networks