Entrepreneurship Fundamentals

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Questions and Answers

What do large companies need to do to sustain their existence?

  • Downsize and reduce diversification
  • Focus solely on existing products and services
  • Merge with other companies to reduce competition
  • Continually expand and diversify their entrepreneurial activities (correct)

What is social entrepreneurship related to?

  • Government-led initiatives to create jobs
  • Only profit-making ventures
  • Private equity investments
  • Entrepreneurial activities carried out by social enterprises, NGOs and charitable organizations (correct)

What is the process of social entrepreneurship involved in?

  • Only recognizing social problems
  • Recognizing a social problem and applying an entrepreneurial approach (correct)
  • Only managing a venture to achieve social objectives
  • Only creating a non-profit organization

What is an example of an economic-based social entrepreneurship project?

<p>Grameen Bank in Bangladesh (B)</p>
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What is the objective of the Grameen Bank in Bangladesh?

<p>To provide easy and cheap credit to poor women who are involved in micro business (D)</p>
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What type of societies are formed to cater to specific interests?

<p>Societies like the Malaysian Nature Society, Environmental Protection Society of Malaysia and Amnesty International (C)</p>
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What is the purpose of Students in Free Enterprise (SIFE)?

<p>To promote entrepreneurship among students (D)</p>
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What is the social objective of social entrepreneurship?

<p>To achieve social objectives or social ROI (return on investment) (B)</p>
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What is the main difference between social entrepreneurship and traditional entrepreneurship?

<p>Social entrepreneurship focuses on achieving social objectives (B)</p>
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What type of organizations are involved in social entrepreneurship?

<p>Social enterprises, NGOs and charitable organizations (A)</p>
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