ENT3003 Chapter 16 Exam 4

SELECT ALL THAT APPLY. Issues related to which of the following would be classified as wicked problems?

-climate change -oil tanker logistics -literacy

SELECT ALL THAT APPLY. Which of the following are types of enterprising nonprofits?

-earned-income activities -venture philanthropy funding

SELECT ALL THAT APPLY. Which of the following are similarities between social and traditional entrepreneurs?

-starting new organizations -creating innovative services or solutions -creating marketing initiatives

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

15%

According to the Mitchell stakeholder typology, how many different types of stakeholders are there?

7

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

How is the for-profit business 4Ocean funded?

It sells bracelets that are made of recycled materials.

What "gap" in microlending did ShivaniSoroya, founder of Tala, discover and address?

Microloans were available to start a business, but there were barriers to growing a business via traditional funding sources.

In most countries, what is the proportion of women in the early stage of entrepreneurship as compared to men?

Most have a similar proportion of men and women.

______ 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.

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

Stenny's food truck business has been operating for four years. According to the GEM study, what phase of entrepreneurship is he in?

established business owner

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

false

Social entrepreneurs, unlike business entrepreneurs, have no desire to make a profit from their business ventures.

false

When assessing stakeholders' primary attributes, it's important to remember that each one can only fit one category. It is important to decide the most important attribute.

false

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

hybrid

BROXX is a clean energy provider of pay-as-you-go solar power for people living in remote areas of Africa and Asia. On what kind of capital has the company relied?

impact-investment funds

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

What is an impact-investment fund?

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

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

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

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

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

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

wicked problems