CH16 ENT

According to the 2018/2019 Global Entrepreneurship Monitor (GEM) research study, the percentage of entrepreneurs in the United States has reached ______.

15%

What is the entrepreneurship ecosystem?

Certain conditions must be in place for small and medium businesses to flourish.

What region of the world has the lowest rates of total entrepreneurial activity (in the early stages)?

Europe

Compared to traditional nonprofit startups, enterprising nonprofits are far less likely to survive in business after the first five years.

False

The for-profit business 4Ocean is idealistic but has been unsuccessful.

False

How is the for-profit business 4Ocean funded?

It sells bracelets that are made of recycled materials.

Why is VisionSpring, an organization devoted to the problem of poor eyesight in the developing world, classified as a hybrid model of social entrepreneurship?

Its primary concern is that of a nonprofit, but it is a for-profit company.

______ is the process of sourcing innovative solutions to social and environmental problems.

Social entrepreneurship

When a social entrepreneur is evaluating stakeholders, what is "urgency"?

The extent to which that stakeholder demands attention.

Corporate social responsibility (CSR) initiatives tend to attract and motivate employees.

True

One benefit of having a corporate social responsibility strategy (CSR) is that an organization may receive more lenient penalties in legal matters than a company without such a strategy.

True

The social venture capitalist (SVC) market is a growing one.

True

Women in developing nations are more likely to be driven to become entrepreneurs by necessity whereas women in developed nations are more likely to be motivated by opportunity and innovation.

True

Traditional entrepreneurs' goal is to make a profit whereas social entrepreneurs' goal is to ______.

bring about social change

What type of nonprofit is Goodwill, the organization that trains hundreds of thousands of people and operates more than 3,000 donation clothing stores across the United States?

enterprising nonprofit

Tala, founded by Shivani Soraya, has a goal of helping businesses in developing countries ______.

establish credit scores

What is the descriptor for forms of social entrepreneurship that do not fit into the four-part typology?

hybrid

Google Person Finder is an example of the company's commitment to ______.

its social responsibility strategy (CSR)

When assessing the attributes of her stakeholders, a social entrepreneur must consider if the stakeholder's actions are appropriate, proper, and desired (within the enterprise's context). This attribute is called ______.

legitimacy

According to the Intergovernmental Panel on Climate Change, the world has ______ to reduce greenhouse emissions, one of many warnings that have spurred social entrepreneurs to tackle a variety of related problems.

less than a decade

Manuel lives in a remote village in Belize and creates small art pieces using traditional methods. He has organized similar artisans in a few other villages into a collective and wants to seek financing to expand. What funding source makes the most sense for Manuel?

microfinancing

What social financing innovation was pioneered in the 1970s by Muhammad Yunus in Bangladesh?

microfinancing

What is an impact-investment fund?

one that seeks a return on investment as well as making a social impact.

Individuals who believe they have the capacity and know-how to start a business, and who are not burdened by fear of failure, are ______ entrepreneurs according to the GEM study.

potential

The difference between corporate social responsibility (CSR) and social entrepreneurship is their ______.

primary objectives

Which model will help social entrepreneurs select the most suitable communication approach for the myriad stakeholders in their enterprise?

salience

When an entrepreneur starts a business to both resolve a social problem and make a profit, they are embarking on a ______.

social purpose venture

A social enterprise has established a training program that aims to help unemployed residents train for jobs in the city's now-booming hospitality industries. What is the mayor's role in that social enterprise?

stakeholder

You are a member of an urban development committee that is focused on funding artists to beautify a city's new urban walking paths. Which of the following would be classified as dependent stakeholders?

the artists

What is the main difference between social and traditional entrepreneurs?

their mission

What is the goal of the Audacious Project: Collaborative Philanthropy for Bold Ideas?

to bring together social entrepreneurs and philanthropists

The Environmental Defense Fund is an AudaciousProject awardee. What is/are its audacious goal(s)?

to build and launch a satellite to track and measure global oil and gas industry methane emissions

The Bail Project is an Audacious Project awardee. What is its audacious goal?

to combat racial disparity

GirlTrek is an Audacious Project awardee. What is/are its audacious goal(s)?

to improve African American women's health and well-being through daily walking

The GEM study focuses on determining the percentage of the population of a country between the ages of 18 and 64 who are either nascent entrepreneurs or owner-managers of new business. This level is called the ______.

total entrepreneurial activity

Large-scale social problems, which are complex and have no clear solution was termed ______ by scholars in the 1960s.

wicked problems