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?

Grameen Bank in Bangladesh (B) Signup and view all the answers

What is the objective of the Grameen Bank in Bangladesh?

To provide easy and cheap credit to poor women who are involved in micro business (D) Signup and view all the answers

What type of societies are formed to cater to specific interests?

Societies like the Malaysian Nature Society, Environmental Protection Society of Malaysia and Amnesty International (C) Signup and view all the answers