Unit 1B

Which of the following is a feature of a social enterprise?

• Focuses solely on maximizing profits for shareholders

• Operates only in the private sector

• Uses commercial business practices to improve social outcomes

• Does not earn any profits

Which of the following is a characteristic of a non-profit social enterprise?

• It distributes profits to shareholders.

• It generates revenue but does not distribute profits to owners.

• It is exempt from taxes and pays salaries similar to for-profit companies.

• It is primarily concerned with maximizing shareholder value.

Which of the following is an example of a non-profit social enterprise?

• Tesla

• UNICEF

• Amazon

• Google

Which is a disadvantage of non-profit social enterprises?

• They are exempt from paying income taxes.

• Earnings of workers may be lower than in for-profit companies.

• They often have more financial control than for-profit businesses.

• They are usually less reliant on donations.

Which of the following statements best describes NGOs?

• They are for-profit organizations funded by government grants.

• They are non-profit organizations not affiliated with any government.

• They focus exclusively on commercial business activities.

• They only operate at a local level and cannot expand internationally.

Which of the following is a key difference between a vision statement and a mission statement?

• Vision statements focus on the present; mission statements focus on the future.

• Vision statements are narrow and specific; mission statements are broad and inspirational.

• Vision statements focus on the future direction; mission statements focus on the organization's purpose.

• Vision statements describe measurable goals; mission statements do not.

Which of the following is an example of a vision statement?

• "To provide affordable healthcare to underserved communities."

• "We aim to be the market leader in technology innovation."

• "We will achieve a 5% market share in three years."

• "Our mission is to improve community health by 10% by 2025."

Which of the following is a common business objective for for-profit organizations?

• Protecting the environment

• Achieving growth and profit

• Increasing volunteer participation

• Supporting government initiatives

What does 'protecting shareholder value' primarily refer to?

• Increasing the number of employees in the company.

• Increasing the company’s share price and paying dividends.

• Expanding operations to international markets.

• Reducing operating costs for employees.

What does a SMART goal stand for in business objectives?

• Simple, Measurable, Achievable, Realistic, Time-bound

• Specific, Measurable, Achievable, Realistic, Time-bound

• Strategic, Modifiable, Achievable, Reachable, Time-bound

• Specific, Manageable, Achievable, Realistic, Timed