Social Entrepreneurship and Ecopreneurship Quiz

Questions and Answers

What is the primary function of the World Trade Organization (WTO)?

To create regional trade agreements

To oversee and administer trade agreements (correct)

To regulate domestic industries

To eliminate tariffs between countries

What is the purpose of the North American Free Trade Agreement (NAFTA)?

To enhance tariffs on imported goods

To eliminate trade barriers among Canada, Mexico, and the US (correct)

To establish a single currency among North American countries

To create a common market in North America

What does importing refer to in international trade?

Establishing international production facilities

Transporting goods to a foreign facility

Selling domestically produced goods abroad

Buying and shipping foreign-produced goods for domestic use (correct)

What is a key characteristic of international alliances?

They involve companies from two or more countries Signup and view all the answers

What does direct foreign investment involve?

Creating domestically controlled foreign production facilities Signup and view all the answers

What is the primary focus of sustainable entrepreneurship?

Preservation of nature Signup and view all the answers

Which of the following best describes ecopreneurship?

Entrepreneurial actions that contribute to environmental preservation Signup and view all the answers

What does the term 'triple bottom line' encompass?

Economic, environmental, and social performance Signup and view all the answers

How are global entrepreneurs characterized?

Opportunity-minded and open-minded Signup and view all the answers

What are some of the risks associated with political instability for interns?

Unstable governments and regional conflicts Signup and view all the answers

Which statement best describes corporate social responsibility (CSR)?

Actions that appear to further some social good Signup and view all the answers

What does 'shared value' aim to create?

Value for society aligned with economic goals Signup and view all the answers

What is 'ecovision' in the context of leadership?

Leadership that encourages open and flexible structures Signup and view all the answers

Study Notes

Soxial Engineering: A leadership model where a person or small group funds and directs an organization.
Social Entrepreneurship Process: Involves recognizing a perceived social opportunity and translating it into a viable enterprise concept.
Sustainable Entrepreneurship: Emphasizes the importance of preserving nature and ensuring long-term ecological balance.
Ecopreneurship: Focuses on entrepreneurial actions that specifically contribute to the preservation of the natural environment.
Social Entrepreneurship: Involves activities and processes aimed at discovering, defining, and exploiting social opportunities.
Corporate Social Responsibility: Refers to actions taken by businesses to promote social good alongside their operations.

Leadership and Environmental Strategies

Ecovision: A leadership style that fosters open and flexible organizational structures involving employees, the organization, and the environment.
Environmental Movement: Driven by values rather than design, emphasizing grassroots initiatives for environmental change.
Shared Value: An approach that aims to create both economic value and societal benefits.

Triple Bottom Line Framework

Triple Bottom Line: An accounting framework focused on measuring performance beyond mere profit, encompassing:
- Economic Performance
- Environmental Sustainability
- Social Impact

Threats and Risks for Interns

Political Risks: Include unstable governments, conflicts, and ideological differences threatening organization stability.
Economic Risks: Encompass tax law changes, rising costs, labor strikes, and significant GNP shifts affecting enterprises.
Social Risks: Arise from class antagonism, religious conflicts, income inequality, and civil unrest.
Financial Risks: Relate to fluctuating exchange rates, profit repatriation issues, and seasonal cash flow challenges.

Global Entrepreneurial Landscape

Global Entrepreneurs: Individuals who are opportunity-minded and able to consider diverse perspectives in their ventures.
Global Thinking: Entrepreneurs focusing on designing operations for expansion into foreign markets.
Diaspora Networks: International connections formed among ethnic groups sharing cultural ties.

Trade Agreements and International Relations

World Trade Organization (WTO): A global organization responsible for overseeing trade agreements and facilitating international commerce.
North American Free Trade Agreement (NAFTA): A significant international agreement between Canada, Mexico, and the U.S. aimed at eliminating trade barriers.
Importing: The process of purchasing and shipping foreign goods for domestic consumption.
Exporting: Involves shipping domestically produced goods to foreign markets for consumption.
International Alliances: Informal agreements between companies from multiple countries to collaborate on business endeavors.
Direct Foreign Investment: Establishment of production facilities in a foreign country by a domestic entity.
Licensing: A business arrangement allowing one company to produce and sell another's product, typically involving contractual terms.

Description

Test your knowledge on social and sustainable entrepreneurship concepts. This quiz covers various aspects including social opportunities, ecopreneurship, and the role of individuals in funding organizations. Explore how these entrepreneurial activities contribute to both social and environmental goals.