Chapter 4 Pre Test Verified Solutions

Chapter 4 Pre Test Verified Solutions The definition of social entrepreneurship involves ️sourcing innovative solutions In addition to creating social value, social entrepreneurs must also create: ️economic value 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. A venture that has a social venture mission and a social primary market impact is referred to as: ️social purpose venture This type of nonprofit is required to channel profits back into the organization ️Enterprising nonprofits Social entrepreneurs can raise capital from their for-profit or non-profit organizations through ____________. ️Social Venture Capitalists (SVC) Entrepreneurial ventures must ______ their stakeholders. ️manage Social entrepreneurship is said to be ______ driven, while corporate social responsibility is said to be ______ driven. ️purpose/consequence WISE stands for work influence standard environment T or F ️False Social entrepreneurs are taking an inclusive approach to resolving problems in developing countries T or F ️True large complex social problems where there is no clear solution, where there is limited, confusing, or contradictory problems with no clear solution ️wicked problem venture aimed to resolve a social problem and make a profit ️Social purpose ventures a for-profit venture whose primary market impact is social ️social consequence enterprise 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 selling products or services with the intent of creating revenue generation ️earned income activities venture that get financial assistance such as grants with a high level of engagement from the funder ️venture philanthropy funding organization with a purpose that equally emphasizes both economic and social problems ️hybrid model of social entrepreneurship people or groups affected by or involved with the achievements of the social enterprises objectives ️stakeholders 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 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)