Chapter 4 Social Entrepreneurship & the Global Environment
for Entrepreneurship comprehensive Questions and
Answers with 100% Correct Answers | Latest Version
Question 1.
Social Entrepreneurship
Correct Answer: Activities & processes undertaken to discover, define, & exploit
opportunities in order to enhance social wealth by creating new ventures or
managing existing organizations in an innovative manner.
Question 2.
Social Entrepreneurship Process
Correct Answer: Recognition of a perceived social opportunity translated into an
enterprise concept. Resources are acquired to execute the enterprise's goals.
Question 3.
Social Entrepreneurs
Correct Answer: A person or small group of individuals who founds and/or leads an
organization or initiative engaged in social entrepreneurship.
Question 4.
Social Enterprise
Correct Answer: A business with mainly social objectives that reinvests most of its
profits into benefiting society rather than maximizing returns to owners.
Question 5.
Sustainable Entrepreneurship
Correct Answer: Focus on the preservation of nature, life support, & community.
Question 6.
Forms of Sustainable Entrepreneurship
Correct Answer: - Ecopreneurship - Social Entrepreneurship - Corporate Social
Responsibility
Question 7.
Ecopreneurship
Correct Answer: Environmental entrepreneurship w/ entrepreneurial actions
contributing to pre- serving the natural environment, inc. the Earth, biodiversity, &
ecosystems.
, Question 8.
Corporate Social Responsibility
Correct Answer: Actions that appear to further some social good, beyond the
interests of the firm & that which is required by law, & often denote societal
engagement of organizations.
Question 9.
Ecovision
Correct Answer: A leadership style that encourages open & flexible structures that
encompass the employees, the organization, & the environment, w/ attention to
evolving social demands.
Question 10.
Environmental Movement
Correct Answer: Initiated primarily by values rather than by design. Developed by a
plan to create sustainable future.
Question 11.
Steps in an Environmental Strategy
Correct Answer: 1. Eliminate the concept of waste. 2. Restore accountability. 3. Make
prices reflect costs. 4. Promote diversity. 5. Make conservation profitable. 6. Insist on
accountability of nations.
Question 12.
Shared Value
Correct Answer: An approach to creating economic value that also creates value for
society by addressing its needs & challenges. Transforms business thinking by
addressing issues through innovation & methods.
Question 13.
Triple Bottom Line (TBL)
Correct Answer: An accounting framework that goes beyond the traditional measures
of profit, return on investment, & shareholder value to include environmental & social
dimensions.
Question 14.
What does TBL Measure?
Correct Answer: - Economic performance - Environmental performance - Social
performance
for Entrepreneurship comprehensive Questions and
Answers with 100% Correct Answers | Latest Version
Question 1.
Social Entrepreneurship
Correct Answer: Activities & processes undertaken to discover, define, & exploit
opportunities in order to enhance social wealth by creating new ventures or
managing existing organizations in an innovative manner.
Question 2.
Social Entrepreneurship Process
Correct Answer: Recognition of a perceived social opportunity translated into an
enterprise concept. Resources are acquired to execute the enterprise's goals.
Question 3.
Social Entrepreneurs
Correct Answer: A person or small group of individuals who founds and/or leads an
organization or initiative engaged in social entrepreneurship.
Question 4.
Social Enterprise
Correct Answer: A business with mainly social objectives that reinvests most of its
profits into benefiting society rather than maximizing returns to owners.
Question 5.
Sustainable Entrepreneurship
Correct Answer: Focus on the preservation of nature, life support, & community.
Question 6.
Forms of Sustainable Entrepreneurship
Correct Answer: - Ecopreneurship - Social Entrepreneurship - Corporate Social
Responsibility
Question 7.
Ecopreneurship
Correct Answer: Environmental entrepreneurship w/ entrepreneurial actions
contributing to pre- serving the natural environment, inc. the Earth, biodiversity, &
ecosystems.
, Question 8.
Corporate Social Responsibility
Correct Answer: Actions that appear to further some social good, beyond the
interests of the firm & that which is required by law, & often denote societal
engagement of organizations.
Question 9.
Ecovision
Correct Answer: A leadership style that encourages open & flexible structures that
encompass the employees, the organization, & the environment, w/ attention to
evolving social demands.
Question 10.
Environmental Movement
Correct Answer: Initiated primarily by values rather than by design. Developed by a
plan to create sustainable future.
Question 11.
Steps in an Environmental Strategy
Correct Answer: 1. Eliminate the concept of waste. 2. Restore accountability. 3. Make
prices reflect costs. 4. Promote diversity. 5. Make conservation profitable. 6. Insist on
accountability of nations.
Question 12.
Shared Value
Correct Answer: An approach to creating economic value that also creates value for
society by addressing its needs & challenges. Transforms business thinking by
addressing issues through innovation & methods.
Question 13.
Triple Bottom Line (TBL)
Correct Answer: An accounting framework that goes beyond the traditional measures
of profit, return on investment, & shareholder value to include environmental & social
dimensions.
Question 14.
What does TBL Measure?
Correct Answer: - Economic performance - Environmental performance - Social
performance
