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Individuals who believe they have the capacity and know-how to start a business without being burdened by the fear of failure are known as ______ in the GEM study.


A) nascent entrepreneurs
B) potential entrepreneurs
C) fearless entrepreneurs
D) new business owners

E) A) and B)
F) A) and C)

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A for-profit company builds trashcans that enable garbage to be compacted using solar energy.This company's founder is an example of a/an ______.


A) angel investor
B) social entrepreneur
C) traditional entrepreneur
D) venture capitalist

E) A) and B)
F) C) and D)

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According to the 2018/2019 Global Entrepreneurship Monitor (GEM) ,the percentage of entrepreneurs in the United States has reached ______.


A) 3%
B) 8%
C) 12%
D) 15%

E) B) and C)
F) A) and D)

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If a company has a record of CSR activities,what legal impact might it have?


A) If the firm is sued and prosecuted,it may receive more lenient penalties.
B) It is more likely to be sued,though less likely to be prosecuted.
C) It is not likely to be sued since it will be perceived as a "kind" company.
D) There is no legal impact resulting from CSR activities.

E) None of the above
F) A) and C)

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Explain how the hybrid model of entrepreneurship differs from social purpose ventures and enterprising nonprofits.

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A hybrid model of social entrepreneurshi...

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Estimates are that the SVC (social venture capitalist) market could grow to ______ due to the rise of more socially conscious entrepreneurs looking for impact investment opportunities.


A) $1 billion
B) $500 billion
C) $1 trillion
D) $3 trillion

E) A) and B)
F) None of the above

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The Audacious Project aims to bring together ______.


A) social entrepreneurs and philanthropists
B) dreamers and designers
C) investors and fund managers
D) college students and mentors

E) B) and C)
F) A) and B)

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______ possess the urgency attribute but have no power or legitimacy.


A) Non-stakeholders
B) Dormant stakeholders
C) Demanding stakeholders
D) Discretionary stakeholders

E) B) and D)
F) C) and D)

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As described in the text,Sword & Plough hires army veterans to recycle surplus military materials such as parachutes,sleeping bags,and tents into fashionable bags and accessories.It donates 10% of its profits to veterans' organizations.Sword & Plough is an example of ______.


A) a nonprofit venture
B) social consequence entrepreneurship
C) a social purpose venture
D) a traditional venture

E) None of the above
F) A) and B)

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The poverty-fighting non-profit Robin Hood Foundation is a good example of venture philanthropy fund.

A) True
B) False

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Organizations using the hybrid model of social entrepreneurship prioritize social goals over economic goals.

A) True
B) False

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It's common for all stakeholders to be in immediate agreement in the context of social entrepreneurship.

A) True
B) False

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Social entrepreneurs must continuously monitor stakeholders and maintain relationships with them.

A) True
B) False

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Venture Philanthropy Partners focuses on helping youth and children from low-income families in the Washington, D.C.,area.What type of fund is this?


A) impact-investment fund
B) community fund
C) microlending fund
D) inward-focused fund

E) A) and D)
F) A) and C)

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Shida has had such great success with his IT consulting company for the last five years that he was able to pay himself a competitive salary within the first 18 months of operation.According to the GEM study,Shida is a/an ______.


A) potential entrepreneur
B) nascent entrepreneur
C) new business owner
D) established business owner

E) C) and D)
F) A) and D)

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Issues relating to the environment,poverty,sustainability,equality,education,child mortality,sanitation,terrorism,and health and wellness are all examples of wicked problems.

A) True
B) False

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Wicked problems are defined as ______.


A) problems without conflicting values
B) large,complex social problems with limited information available and no clear solution
C) problems stemming from a toxic leader
D) problems with obvious solutions

E) A) and B)
F) A) and D)

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Describe the differences between traditional nonprofits and enterprising nonprofits,including their strengths and weaknesses.

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Compared to traditional nonprofit startu...

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According to the text,there are three primary attributes of stakeholders to consider ______.


A) personality,influence,loyalty
B) position,legitimacy,location
C) intelligence,wealth,power
D) power,legitimacy,urgency

E) C) and D)
F) A) and B)

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Xavier was laid off from his job at an industrial steel manufacturing plant.When he was unable to find employment after three months of searching,he started a small business offering mobile welding and metal construction services.According to the GEM study,Xavier is a/an ______.


A) opportunity-based entrepreneur
B) necessity-based entrepreneur
C) fearless entrepreneur
D) unnoticed entrepreneur

E) A) and D)
F) None of the above

Correct Answer

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