32 Questions
What is the primary goal of social enterprises?
To improve communities and people's life chances
How do social enterprises differ from traditional businesses?
They reinvest profits back into the community
What is the minimum percentage of income social enterprises aim to derive from commercial contracts?
50%
What is a key characteristic of social enterprises' governance structure?
Community accountability through co-operative structures
What drives the activities of social enterprises?
Explicit social aim
Can social enterprises generate income from sources other than commercial contracts?
Yes, through local government grants and donations
What is a benefit of social enterprises experimenting and innovating?
They can have a greater social impact
What do social enterprises learn from the voluntary sector?
Best practices in the voluntary sector
What is the primary goal of social enterprises?
To tackle social problems and improve people's life chances
What is a key characteristic of entrepreneurial readiness in social enterprises?
Having a clear social and environmental aim
What is the purpose of a mission statement in a social enterprise?
To specify the organization's actions, innovation, and measures of success
What is a benefit of having a good mission statement?
It provides focus and attracts support from various stakeholders
What is an essential element of a social enterprise's mission statement?
A clear explanation of how the organization creates and measures value
What is a characteristic of innovative social enterprises?
They use resources in a creative and efficient way
What is a result of social enterprises reinvesting their profits?
Society and the local community benefit
What is a key aspect of open and responsible decision-making in social enterprises?
Involving stakeholders in the decision-making process
What is the mission of Boaz and Ruth?
To provide training and economic development activities
Which of the following is NOT listed as a strategic resource for Boaz and Ruth?
Corporate investment
What is described as the service interface for Boaz and Ruth?
Commercial enterprise
Which of the following would be considered a demand side threat to a business model?
People don’t want the service
Which reason is commonly cited for the failure of many social enterprises?
Persistent lack of income
What is a supply side explanation for the failure of a social enterprise?
Costs are too high
Which value focuses on the production of user-focused products and services?
Safe, healthy, good quality, user-focused products and services
Which of the following is NOT a core social aim listed for social enterprises?
Market dominance
Which of the following is considered an example of unethical behavior in business?
Using insider knowledge for personal gain
What is one of the values that co-operative members believe in?
Openness
How do commercial enterprises typically compare to social enterprises in terms of returns on capital?
They have much higher returns
What does side-stepping rules and regulations, such as health and safety measures, often result in?
Cheaper and more convenient operations
Which one of these is a parallel threat acting on social enterprises?
Bargaining/market power of paid workers
Which action is NOT considered unethical according to the list?
Showing transparency in transactions
What is a common challenge faced by social enterprises in comparison to commercial enterprises?
High resource allocation to revenue generation
Which of the following is a core value of co-operatives?
Equity
Learn about social enterprises, businesses that tackle social problems and challenges to improve communities and people's lives. Discover how they make money and reinvest profits to benefit society.
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