Risk Management in Social Enterprises

What is the purpose of Risk Management in a social enterprise?

• To increase profits

• To cope with uncertainty and protect assets

• To maximize shareholder dividends

• To minimize employee turnover

Which of the following is NOT a benefit of Risk Management?

• Identifying risks and opportunities

• Constraining risks to unacceptable levels

• Increasing stakeholder confidence

• Maximizing revenue

What are the five types of risks typically faced by social enterprises?

• Market, Financial, Product, Technological, Operational

• People, Property, Liability, Income, Compliance

• Strategic, Competitive, Legal, Technological, Financial

• Environmental, Political, Cultural, Economic, Societal

How do you calculate the risk score using the Risk Assessment Matrix?

• Probability x Impact

• Probability - Impact

• Probability + Impact

• Probability ÷ Impact

Which risk management strategy involves transferring risks through insurance?

• Accept

• Treat

• Transfer

• Avoid

What is the main purpose of a Gantt chart?

• To illustrate a project schedule

• To measure financial performance

• To track employee attendance

• To analyze market trends

What does WBS stand for in financial analysis?

• Work Balance Sheet

• Weekly Budget Summary

• Work Breakdown Structure

• Wealth Building Strategy

What is the primary purpose of monitoring and evaluation in a social enterprise?

• To satisfy funders and partners

• To learn and adapt for highest impact and sustainability

• To impress stakeholders with data

• To meet regulatory requirements

Which evaluation technique allows for an integrative measurement approach?

• Balance Sheet Analysis

• Theory of Change

In the context of the provided content, what is the ultimate goal of a social enterprise?

• Maximizing shareholder wealth

• Achieving financial independence

• Creating desired social change

• Generating high profits for investors