ENT 396 CH.4

T/F: Licensing agreements can involve patents, trademarks, and technical know-how

True

T/F: Purpose, accountability, and transparency are characteristics associated with socially sustainable enterprises

True

T/F: Social entrepreneurs are known to combine resources to exploit opportunities to create social value

True

_______ is the umbrella organization governing the international trading system.

WTO

The first step taken to go international is

conduct research

Key elements in plans to create a sustainable future are likely to include which of the following? a. eliminating the concept of conservation b. eliminating the concept of waste c. eliminating the concept of "price" d. eliminating the concept of accountability

eliminating the concept of "price"

Bottom-line measures of economic performance include all of the following except: a. personal income. b. cost of underemployment. c. global competition. d. job growth.

global competition

Ecopreneurs are concerned a. only with economically sustainable development. b. only with ecologically sustainable development. c. neither ecologically nor economically sustainable development. d. both ecologically and economically sustainable development.

only with economically sustainable development

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

joint venture

An L3C is a new legal form for social enterprises known as a. long-term, low-profit, low-liability companies. b. limited liability corporations. c. low-profit, limited liability companies. d. limited liability laborers.

low-profit, limited liability companies

Examples of social enterprise obligations to the environment include all of the following except a. restoration of the environment. b. pollution control. c. recycling efforts. d. support for minority-own businesses.

support for minority-own businesses

Among the advantages for global entrepreneurs of diaspora networks is a. the decline in political risks across ethnic communities. b. the creation of places where anything can happen. c. the distrust among traditional trading partners. d. the speed with which information flows across borders.

the speed with which information flows across borders

Corporate social responsibility refers to a. actions that further some social good beyond the interests of the firm. b. environmental entrepreneurship in the United States. c. the enhancement of global competition. d. the affect of ecopreneurship only on some industries.

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

The first of five steps for entering the international marketplace is a. conducting research. b. preparing a feasibility study. c. securing adequate financing. d. filing the proper documents.

conducting research

Methods for going international include all of the following except a. exporting. b. foreign reclamation. c. importing. d. licensing.

foreign reclamation

Informal, formal, or joint collaborations are

international alliances

Which of the following designations is not synonymous with social entrepreneur? a. civic entrepreneur b. social impersonator c. public entrepreneur d. social innovator

social impersonator

Which of the following statements about social entrepreneurship is not true? a. Social entrepreneurship has, in recent years, been the subject of widespread media attention. b. Social entrepreneurship is about having a heightened sense of accountability c. Social entrepreneurship is limited to the world of not-for-profit corporations. d. Social entrepreneurship adopts some of the same principles that have been effective in successful entrepreneurship.

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

Relationships among ethnic groups that share cultural and social norms are

diaspora networks

Foreign governments sometimes grant tax incentives for

direct foreign investment

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

True

T/F: The three Ps of the triple bottom line are people, planet, and profits

True

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 a. social entrepreneurs motivated by income with entrepreneurial means. b. social entrepreneurs motivated by income from their beneficiaries. c. social entrepreneurs motivated by the environment with social benefits being the means. d. social entrepreneurs motivated by profitability with social benefits being the means.

social entrepreneurs motivated by profitability with social benefits being the means

T/F: Social responsibility consists of those obligations that society has to businesses

False

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

False

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

False

One researcher established a framework that classified social actions of corporations into distinct categories that included social responsiveness and ________? a. social action b. social obligation c. social facilitation d. social utility

social obligation

The most pro-active position for a corporation to take in regard to social responsibility would be termed a. social intensity. b. social responsiveness. c. social decisiveness. d. social obligation.

social responsiveness

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 a. the shared bottom line. b. the twin bottom line. c. the value proposition. d. the triple bottom line.

the triple bottom line

_______ 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

T/F: Ecopreneurship is a combination of ecologically and economically sustainable development

False

T/F: International alliances rarely require the exchange of proprietary knowledge

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

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

Political Risk