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Business Enterprise Simulation: Establishing the Enterprise

18 Questions

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Business Enterprise Simulation: Establishing the Enterprise

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Questions and Answers

What are the three essential elements for social entrepreneurship?

Motivation, organization, society (correct)

Creativity, teamwork, advertising

Leadership, finance, competition

Innovation, networking, profit

Which trait distinguishes social entrepreneurs as transformative individuals?

Collaborative skills

Innovative mindset (correct)

Passion for success

Problem-solving nature

What is a key characteristic of social entrepreneurs related to value creation?

Desire for personal gain

Competition with other entrepreneurs

Emphasis on profit maximization

Focus on societal impact (correct)

Which skill is essential for social entrepreneurs according to the text?

Building trust and relationships Signup and view all the answers

What differentiates social entrepreneurs from traditional business leaders?

Emphasis on collaboration and trust-building Signup and view all the answers

In what way do social entrepreneurs contribute to society according to the text?

By experimenting with new ideas Signup and view all the answers

What is a key characteristic of the new generation of successful entrepreneurs?

Having determination and perseverance Signup and view all the answers

Which skill is NOT associated with independent entrepreneurs?

Lacking self-confidence Signup and view all the answers

What is a critical aspect of establishing a successful enterprise according to the text?

Having a clear purpose that motivates the entrepreneur Signup and view all the answers

Why is having a compelling vision important for a business concept?

To attract customers and investors Signup and view all the answers

What role does a brand name play in entrepreneurship?

It helps to differentiate the business from competitors Signup and view all the answers

Why is the formation of partnerships with well-meaning individuals important in entrepreneurship?

To have support from like-minded partners Signup and view all the answers

What are the motives behind drivers returning on society?

Social attraction, group accomplishment, contribution to community Signup and view all the answers

Which of the following is NOT one of the rewards in the return on investment for entrepreneurs mentioned in the text?

Generosity Signup and view all the answers

What is the main focus of Gawad Kalinga's initiative at GK Enchanted Farm?

Supporting local farmers and artisans Signup and view all the answers

Who founded Human Nature, a beauty and personal care brand mentioned in the text?

Camille Meloto Signup and view all the answers

Which of the following is a key trait of born entrepreneurs?

Compassion and sympathy Signup and view all the answers

What does Messy Bessy's campaign HOUSE stand for?

Helping Ourselves Through Sustainable Enterprises Signup and view all the answers