ENTR 3001 - Chapter 04

Ecopreneurship is a combination of ecologically and economically sustainable development

True

Licensing agreements can involve patents, trademarks, and technical know-how

True

Purpose, accountability, and transparency are characteristics associated with socially sustainable enterprises

True

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

True

The social entrepreneurship process begins with a perceived social opportunity translated into an enterprise concept. (T/F)

True

_______ is the umbrella organization governing the international trading system.

WTO

Corporate social responsibility refers to

a. actions that further some social good beyond the interests of the firm

The first step taken to go international is

conduct research

The first of five steps for entering the international marketplace is

conducting research

Relationships among ethnic groups that share cultural and social norms are

diaspora networks

Foreign governments sometimes grant tax incentives for

direct foreign investment

Key elements in plans to create a sustainable future are likely to include which of the following?

eliminating the concept of waste

A _______ is a company owned by two or more organizations.

joint venture

An L3C is a new legal form for social enterprises known as

low-profit, limited liability companies

Ecopreneurs are concerned

only with economically sustainable development

Which of the following four factors is not included in the Social Corporate Entrepreneurship Scale (SCES) developed by researchers?

social intention

Examples of social enterprise obligations to the environment include all of the following except

support for minority-own businesses

Among the advantages for global entrepreneurs of diaspora networks is

the speed with which information flows across borders

Green entrepreneurship is concerned

turning ecologically sustainable development into economically sustainable development.

Informal, formal, or joint collaborations are

international alliances

Social entrepreneurs and their ventures are driven by social goals and aim to increase social value in order to contribute to the welfare or well-being in a given community. (T/F)

True

International alliances rarely require the exchange of proprietary knowledge

False

The social entrepreneur aims to increase which of the following?

Social Value

Social entrepreneurs are known to combine resources to exploit opportunities to create social value

True

Bottom-line measures of economic performance include all of the following except:

global competition

One researcher established a framework that classified social actions of corporations into distinct categories that included social responsiveness and ________?

social obligation

Which of the following statements about social entrepreneurship is not true?

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

The three Ps of the triple bottom line are people, planet, and profits

True

Methods for going international include all of the following except

foreign reclamation

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

social entrepreneurs motivated by profitability with social benefits being the means

Which of the following designations is not synonymous with social entrepreneur?

social impersonator

The most pro-active position for a corporation to take in regard to social responsibility would be termed

social responsiveness

Social responsibility consists of those obligations that society has to businesses

False

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

the triple bottom line

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

False

_______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

_______ is an international agreement among Canada, Mexico, and the United States that eliminates trade barriers.

NAFTA

_______ can cover three types of risk: currency inconvertibility insurance, expropriation insurance, and political environment insurance.

OPIC

_______ includes unstable government, war, regionalism, and ideological differences.

Political Risk

Social entrepreneurs can also be referred to as all of the following except

Social Obligators

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

False