Understanding Social Entrepreneurship

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What is the primary focus of social entrepreneurs?

Working closely with government agencies only
Innovating solutions to social problems (correct)
Building traditional businesses
Generating profit for themselves

How do social entrepreneurs differ from business entrepreneurs?

Social entrepreneurs operate in the not-for-profit sector (correct)
Social entrepreneurs work exclusively for profit
Business entrepreneurs work independently without partnerships
Business entrepreneurs focus on social issues

What types of resources do social entrepreneurs specialize in redirecting and regenerating?

Government resources
Physical resources only
Underused human and physical resources (correct)
Financial resources only

How do social entrepreneurs contribute to society compared to other policy initiatives?

They reach areas that other initiatives do not touch (C) Signup and view all the answers

What drives both business and social entrepreneurs according to the text?

Innovation and progress (D) Signup and view all the answers

What characterizes the actions taken by social entrepreneurs in challenging established systems?

Seizing opportunities with courage and fortitude (C) Signup and view all the answers

What distinguishes a socially responsible entrepreneur from a profit-centered entrepreneur?

Creating wealth for the community in addition to personal benefit (D) Signup and view all the answers

What defines a social entrepreneur's drive according to the text?

Innovative business ventures that influence change (B) Signup and view all the answers

What characterizes social entrepreneurship?

Creating wealth for workers and the community, protecting the environment (B) Signup and view all the answers

What is a key aspect of social entrepreneurship motivation?

Risk-taking and passion (D) Signup and view all the answers

How do profit-centered entrepreneurs differ from socially responsible ones?

Create wealth at the expense of society and environment (B) Signup and view all the answers

What is the main focus of social entrepreneurship according to the text?

Making a positive impact through innovative business models (A) Signup and view all the answers

What is the wave of the future for both profit and nonprofit companies according to the text?

Combining the best of not-for-profit and for-profit worlds (C) Signup and view all the answers

What is a key change in the nonprofit environment mentioned in the text?

Growing competition for funds (B) Signup and view all the answers

What defines social entrepreneurs according to the text?

Having a pragmatic solution-oriented mindset (D) Signup and view all the answers

What do social entrepreneurs recognize in billions of poor people according to the text?

Extraordinary potential and talent (C) Signup and view all the answers

What qualities do social entrepreneurs use, as stated in the text, to create enduring social benefit?

Inspiration, creativity, courage, and direct action (A) Signup and view all the answers

Why are more nonprofits competing with new for-profit businesses according to the text?

To secure government and philanthropic funds (D) Signup and view all the answers