ENTR 321 Test #1 Ch. 4
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
