ENTR 321 Test #1 Ch. 4

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Benefit corporations are one of the oldest forms of incorporation, having been adopted in all 50 states.

True

Bottom-line measures of social performance include the unemployment rate and health-adjusted life expectancy.

True

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

Emerging opportunities in the international arena are being fueled by

a decrease in trade barriers and the emergence of trading blocs

The first of five steps for entering the international marketplace is

conducting research

Ecopreneurs are concerned

only with economically sustainable development

As NAFTA (North American Free Trade Agreement) offers strong protection for

patents but not copyrights

TBL focuses on all the following except

precedence

Benefit corporations concern themselves with

purpose, accountability, and transparency

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

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

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

low-profit, limited liability companies

Entrepreneurs now view social/environmental issues as

part of the future of business

In 2011, the largest U.S. trading partners included

Canada, China, and Mexico

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

global competition

As NAFTA (North American Free Trade Agreement) has developed

trade barriers have been reduced

The Brundtland definition of sustainable development is "meeting the needs of the present without compromising the ability of future generations to meet their needs."

True

For-profit enterprises have yet to make significant contributions to the world of entrepreneurship.

False

Importing, in essence, is buying and shipping domestically produced goods for foreign consumption.

False

International alliances rarely require the exchange of proprietary knowledge.

False

Resource-rich countries and market-rich countries are usually one and the same.

False

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

False

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

True

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

True

One researcher established a framework that classified social actions of corporations into distinct categories that included.

a and b only - social obligation - social responsiveness

Corporate social responsibility refers to

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

Methods for going international include all of the following except

foreign reclamation

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

social responsiveness

During the 1990s, which new issue emerged as affecting entrepreneurs and ethics?

the environment

Among the advantages for global entrepreneurs of diaspora networks is

the speed with which information flows across borders

The basic challenge for social enterprise is addressing the obligations of business to

society

Social entrepreneurship avoids private-sector focus on risk taking.

False

Social entrepreneurship is rarely a vehicle for sustainable development.

False

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

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

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

support for minority-own businesses

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

eliminating the concept of waste

Social responsibility consists of those obligations that society has to busineses.

False

Thanks to North American Free Trade Agreement, among the largest U.S. trading partners are China and Brazil.

False

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

False

Membership in the World Trade Organization represents ______ of the world's population at present.

92 percent


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