Chapter 4 Pre Test

Social entrepreneurs can raise capital from their for-profit or non-profit organizations through ____________.

Social Venture Capitalists (SVC)

venture aimed to resolve a social problem and make a profit

Social purpose ventures

In addition to creating social value, social entrepreneurs must also create:

economic value

form of social entrepreneurship where both the venture mission and the market impact are for social problems. Meaning all profits are to be channeled back into the organization

enterprising non profit

large complex social problems where there is no clear solution, where there is limited, confusing, or contradictory problems with no clear solution

wicked problem

social enterprise whose mission is to integrate people who have been socially excluded into work and society through productive activity

work integration social enterprise (WISE)

This type of nonprofit is required to channel profits back into the organization

Enterprising nonprofits

WISE stands for work influence standard environment T or F

False

describes the efforts taken by corporations to address the company effects on the environmental and social well being in order to promote positive change

corporate social responsibility

organization with a purpose that equally emphasizes both economic and social problems

hybrid model of social entrepreneurship

Entrepreneurial ventures must ______ their stakeholders.

manage

Social entrepreneurship is said to be ______ driven, while corporate social responsibility is said to be ______ driven.

purpose/consequence

a for-profit venture whose primary market impact is social

social consequence enterprise

A venture that has a social venture mission and a social primary market impact is referred to as:

social purpose venture

The definition of social entrepreneurship involves

sourcing innovative solutions

people or groups affected by or involved with the achievements of the social enterprises objectives

stakeholders

selling products or services with the intent of creating revenue generation

earned income activities

Which of the following is not a characteristic of a wicked problem?

The problem is created by lawmakers whose intentions are money-driven rather than socially driven.

Social entrepreneurs are taking an inclusive approach to resolving problems in developing countries T or F

True

venture that get financial assistance such as grants with a high level of engagement from the funder

venture philanthropy funding