ENTR 321 Chapter 4
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 "price" c.) eliminating the concept of waste d.) eliminating the concept of accountability
eliminating the concept of conservation
Corporate social responsibility refers to: a.) environmental entrepreneurship in the United States. b.) the affect of ecopreneurship only on some industries c.) actions that further some social good beyond the interests of the firm d.) the enhancement of global competition
actions that further some social good beyond the interest of the firm
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. The first step taken to go international is _____.
conduct research
Bottom-line measures of economic performance include all of the following except: a.) job growth b.) global competition c.) personal income d.) cost of underemployment
global competition
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 adopts some of the same principles that have been effective in successful entrepreneurship c.) social entrepreneurship is about having a heightened sense of accountability d.) social entrepreneurship is limited to the world of not-for-profit corporations
social entrepreneurship is limited to the world of not-for-profit corporations
The most pro-active position for a corporation to take in regard to social responsibility would be termed a.) social responsiveness b.) social decisiveness c.) social obligation d.) social intensity
social responsiveness
The three Ps of the triple bottom line are people, planet, and profits. True or False
True
Methods for going international include all of the following except: a.) importing b.) licensing c.) foreign reclamation d.) exporting
foreign reclamation
Ecopreneurship is a combination of ecologically and economically sustainable development. True or False
False
The first of five steps for entering the international marketplace is: a.) conducting research b.) securing adequate financing c.) filing the proper documents d.) preparing a feasibility study
conducting research
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 from their beneficiaries b.) social entrepreneurs motivated by income with entrepreneurial means 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
Which of the following designations is not synonymous with social entrepreneur? a.) civic entrepreneur b.) social impersonator c.) social innovator d.) public entrepreneur
social impersonator
International alliances rarely require the exchange of proprietary knowledge. True or False
False
Social responsibility consists of those obligations that society has to businesses. True or False
False
Social entrepreneurs are known to combine resources to exploit opportunities to create social value. True or False
True
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. _______ is the umbrella organization governing the international trading system.
WTO
Ecopreneurs are concerned: a.) both ecologically and economically sustainable development b.) only with economically sustainable development c.) neither ecologically nor economically sustainable development d.) only with ecologically sustainable development
only with economically sustainable development
One researcher established a framework that classified social actions of corporations into distinct categories that included social responsiveness and ______? a.) social facilitation b.) social action c.) social obligation d.) social utility
social obligation
Among the advantages of 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 speed with which information flows across borders d.) the distrust among traditional trading partners
the speed with which information flows across borders
Successful global start-ups, or entrepreneurial businesses that are "born global," surprisingly often lack internationally experienced management. True or False
False
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. A ______ is a company owned by two or more organizations.
joint venture
The triple bottom line is an accounting framework that focuses on optimizing short-term financial performance True or False
False
Licensing agreements can involve patents, trademarks, and technical know-how. True or False
True
Social obligation, social responsibility, and social responsiveness are all ways firms view their interactions with society. True or False
True
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. Foreign governments sometimes grant tax incentives for _______.
direct foreign investment
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. Informal, formal, or joint collaborations are ______.
international alliances
An L3C is a new legal form for social enterprises known as: a.) limited liability corporations b.) low-profit, limited liability companies c.) long-term, low-profit, low-liability companies d.) limited liability laborers
low-profit, limited liability companies
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. _______ includes unstable government, war, regionalism, and ideological differences.
political risk
Examples of social enterprise obligations to the environment include all of the following except: a.) recycling efforts b.) restoration of the environment c.) support for minority-own businesses d.) pollution control
support for minority-own businesses
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 twin bottom line b.) the triple bottom line c.) the shared bottom line d.) the value proposition
the triple bottom line
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. ______ 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
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. ______ is an international agreement among Canada, Mexico, and the United States that eliminates trade barriers.
NAFTA
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. _______ can cover three types of risk: currency inconvertibility insurance, expropriation insurance, and political environment insurance.
OPIC
Purpose, accountability, and transparency are characteristics associated with socially sustainable enterprises. True or False
True
When entrepreneurs decide to go global, they must take a number of steps - for example, hiring people to help them out, entering into agreements with overseas partners, and putting together a plan for conducting the venture. The following are ten groups or terms with which the entrepreneur should be familiar. Match each of these groups or terms with its correct definition or description. Relationships among ethnic groups that share cultural and social norms are _______.
Diaspora networks