Questions for Chapter 15
True/False
1) Social entrepreneurship is primarily concerned with profits.
(False)
2) Many social ventures are nonprofit organizations.
(True)
3) Social entrepreneurship creates social value and/or social change.
(True)
4) Corporate social responsibility is an example of social entrepreneurship.
(False)
5) The Global Entrepreneurship Monitor offers a way to classify social ventures.
(True)
6) Some social ventures simply imitate other such ventures.
(True)
7) Social entrepreneurship ventures always create systemic change.
(False)
8) Hybrid social ventures have a revenue-generating component.
(True)
9) Cooperatives achieve both social and economic value.
(True)
10) Choosing to start a cooperative can be seen as socially entrepreneurial.
(True)
11) Identifying an opportunity for a social venture always results from a deliberate
process.
(False)
12) Simply imitating a social venture is not social entrepreneurship.
(False)
13) A logic model provides the financial details of a social venture.
(False)
14) A theory of change describes how one intends to use available resources to make a
societal improvement.
,(True)
15) Nonprofit organizations cannot be financially evaluated, because they do not produce
financial profits.
(False)
16) Because social entrepreneurial ventures serve social ends they do not need to be
financially viable.
(False)
17) The ability to articulate a venture’s social values is helpful for evaluating its
performance.
(True)
18) A formative evaluation is conducted prior to forming a social entrepreneurship
venture.
(False)
19) A summative evaluation is conducted following completion of a social
entrepreneurship program.
(True)
20) Social entrepreneurship ventures require a longitudinal evaluation as part of the logic
model.
(False)
21) Need share is the proportion of a population in need of a service being served by a
particular social venture.
(True)
22) All worthy social ventures should go to scale.
(False)
23) Because so many people want to be social entrepreneurs it is easy to expand a highly
successful social venture.
(False)
24) Many social entrepreneurs have created systemic change.
(True)
25) Only successful and innovative social entrepreneurs enjoy real psychological
rewards.
(False)
Multiple Choice
,1) Approximately how many people were honored as Ashoka Fellows between 1981 and
2009?
A. Around 10,000
B. Over 1,000
C. Nearly 3,000
D. One quarter of one percent of the world’s population
E. About 30 per year
(Answer – B)
2) Who was the original founder of Ashoka?
A. Mohandas Gandhi
B. Wilt Chamberlain
C. Klaus Schwab
D. Bill Drayton
E. Mother Theresa
(Answer – D)
3) Which of the following federally tax-exempt organizations are not required to file an
IRS Form 990?
A. Private educational institutions
B. Scientific research centers
C. Churches
D. Private foundations
E. The National Football League
(Answer – C)
4) The Grameen Bank is an example of a social business because it ________ .
A. Is a nonprofit organization
B. Serves the poor
C. Includes the government as an investor
D. Does not need to repay its investors
E. Directs profits back into serving the poor
(Answer – E)
5) What is the least innovative form of social entrepreneurship venture?
A. Imitative
B. Innovative
C. Hybrid
D. Double bottom line
E. Nonprofit organization
(Answer – A)
6) Why is a Cooperative a form of social entrepreneurship?
A. It creates both social and economic value.
B. It is able to make a profit.
C. It competes with for-profit companies.
, D. Schumpeter created the first model.
E. It can be organized anywhere worldwide.
(Answer – A)
7) Which of the following is essential in order to undertake a social venture?
A. An existing organizational model.
B. Receiving funding from a foundation.
C. Recognizing an opportunity.
D. Identifying a paying customer.
E. All of the above.
(Answer – C)
8) Which of the following elements is least likely to be teachable in a course?
A. Identifying social values that motivate the social entrepreneur
B. Identifying opportunities
C. Determining a viable economic model
D. Motivating the social entrepreneur
E. Evaluating a social venture
(Answer – D)
9) What is necessary to become tax-exempt at the Federal level?
A. Operating without making a profit.
B. Proving that a social need is being served.
C. Registration with the state attorney general.
D. Avoiding distribution of profits to private entities.
E. A determination letter from the IRS.
(Answer – E)
10) What is the difference between outputs and outcomes?
A. Outcomes precede outputs
B. Outputs are usually tangible
C. Outcomes are defined in the logic model
D. There is no difference
E. Outcomes are defined in the theory of change
(Answer – B)
11) What experience best qualified Sarah Usdin to start New Schools for New Orleans?
A. Hurricane Katrina
B. Preparing a business plan
C. Her exposure to Muhammad Yunus
D. Her prior knowledge of charter schools
E. Her studies in social entrepreneurship
(Answer – D)
12) What most inspired Vanessa Kirsch to found New Profit?
A. That social entrepreneurship could be better evaluated
True/False
1) Social entrepreneurship is primarily concerned with profits.
(False)
2) Many social ventures are nonprofit organizations.
(True)
3) Social entrepreneurship creates social value and/or social change.
(True)
4) Corporate social responsibility is an example of social entrepreneurship.
(False)
5) The Global Entrepreneurship Monitor offers a way to classify social ventures.
(True)
6) Some social ventures simply imitate other such ventures.
(True)
7) Social entrepreneurship ventures always create systemic change.
(False)
8) Hybrid social ventures have a revenue-generating component.
(True)
9) Cooperatives achieve both social and economic value.
(True)
10) Choosing to start a cooperative can be seen as socially entrepreneurial.
(True)
11) Identifying an opportunity for a social venture always results from a deliberate
process.
(False)
12) Simply imitating a social venture is not social entrepreneurship.
(False)
13) A logic model provides the financial details of a social venture.
(False)
14) A theory of change describes how one intends to use available resources to make a
societal improvement.
,(True)
15) Nonprofit organizations cannot be financially evaluated, because they do not produce
financial profits.
(False)
16) Because social entrepreneurial ventures serve social ends they do not need to be
financially viable.
(False)
17) The ability to articulate a venture’s social values is helpful for evaluating its
performance.
(True)
18) A formative evaluation is conducted prior to forming a social entrepreneurship
venture.
(False)
19) A summative evaluation is conducted following completion of a social
entrepreneurship program.
(True)
20) Social entrepreneurship ventures require a longitudinal evaluation as part of the logic
model.
(False)
21) Need share is the proportion of a population in need of a service being served by a
particular social venture.
(True)
22) All worthy social ventures should go to scale.
(False)
23) Because so many people want to be social entrepreneurs it is easy to expand a highly
successful social venture.
(False)
24) Many social entrepreneurs have created systemic change.
(True)
25) Only successful and innovative social entrepreneurs enjoy real psychological
rewards.
(False)
Multiple Choice
,1) Approximately how many people were honored as Ashoka Fellows between 1981 and
2009?
A. Around 10,000
B. Over 1,000
C. Nearly 3,000
D. One quarter of one percent of the world’s population
E. About 30 per year
(Answer – B)
2) Who was the original founder of Ashoka?
A. Mohandas Gandhi
B. Wilt Chamberlain
C. Klaus Schwab
D. Bill Drayton
E. Mother Theresa
(Answer – D)
3) Which of the following federally tax-exempt organizations are not required to file an
IRS Form 990?
A. Private educational institutions
B. Scientific research centers
C. Churches
D. Private foundations
E. The National Football League
(Answer – C)
4) The Grameen Bank is an example of a social business because it ________ .
A. Is a nonprofit organization
B. Serves the poor
C. Includes the government as an investor
D. Does not need to repay its investors
E. Directs profits back into serving the poor
(Answer – E)
5) What is the least innovative form of social entrepreneurship venture?
A. Imitative
B. Innovative
C. Hybrid
D. Double bottom line
E. Nonprofit organization
(Answer – A)
6) Why is a Cooperative a form of social entrepreneurship?
A. It creates both social and economic value.
B. It is able to make a profit.
C. It competes with for-profit companies.
, D. Schumpeter created the first model.
E. It can be organized anywhere worldwide.
(Answer – A)
7) Which of the following is essential in order to undertake a social venture?
A. An existing organizational model.
B. Receiving funding from a foundation.
C. Recognizing an opportunity.
D. Identifying a paying customer.
E. All of the above.
(Answer – C)
8) Which of the following elements is least likely to be teachable in a course?
A. Identifying social values that motivate the social entrepreneur
B. Identifying opportunities
C. Determining a viable economic model
D. Motivating the social entrepreneur
E. Evaluating a social venture
(Answer – D)
9) What is necessary to become tax-exempt at the Federal level?
A. Operating without making a profit.
B. Proving that a social need is being served.
C. Registration with the state attorney general.
D. Avoiding distribution of profits to private entities.
E. A determination letter from the IRS.
(Answer – E)
10) What is the difference between outputs and outcomes?
A. Outcomes precede outputs
B. Outputs are usually tangible
C. Outcomes are defined in the logic model
D. There is no difference
E. Outcomes are defined in the theory of change
(Answer – B)
11) What experience best qualified Sarah Usdin to start New Schools for New Orleans?
A. Hurricane Katrina
B. Preparing a business plan
C. Her exposure to Muhammad Yunus
D. Her prior knowledge of charter schools
E. Her studies in social entrepreneurship
(Answer – D)
12) What most inspired Vanessa Kirsch to found New Profit?
A. That social entrepreneurship could be better evaluated
