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?

<p>Building trust and relationships (A)</p> Signup and view all the answers

What differentiates social entrepreneurs from traditional business leaders?

<p>Emphasis on collaboration and trust-building (C)</p> Signup and view all the answers

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

<p>By experimenting with new ideas (D)</p> Signup and view all the answers

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

<p>Having determination and perseverance (A)</p> Signup and view all the answers

Which skill is NOT associated with independent entrepreneurs?

<p>Lacking self-confidence (B)</p> Signup and view all the answers

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

<p>Having a clear purpose that motivates the entrepreneur (A)</p> Signup and view all the answers

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

<p>To attract customers and investors (A)</p> Signup and view all the answers

What role does a brand name play in entrepreneurship?

<p>It helps to differentiate the business from competitors (C)</p> Signup and view all the answers

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

<p>To have support from like-minded partners (B)</p> Signup and view all the answers

What are the motives behind drivers returning on society?

<p>Social attraction, group accomplishment, contribution to community (D)</p> 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?

<p>Generosity (A)</p> Signup and view all the answers

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

<p>Supporting local farmers and artisans (C)</p> Signup and view all the answers

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

<p>Camille Meloto (A)</p> Signup and view all the answers

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

<p>Compassion and sympathy (B)</p> Signup and view all the answers

What does Messy Bessy's campaign HOUSE stand for?

<p>Helping Ourselves Through Sustainable Enterprises (A)</p> Signup and view all the answers

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