Social Entrepreneurship and Innovation Quiz

What is the primary goal of social entrepreneurship?

• Maximizing profit

• Addressing social issues

• Expanding market share

• Reducing costs

Who is a social entrepreneur?

• A person who focuses solely on profit-making

• A person who uses innovative methods to solve social problems

• An entrepreneur who invents new products

• A leader in a multinational company

Social entrepreneurs aim to:

• Change societies through innovative solutions

• Eliminate all forms of businesses

• Replace existing governments

• Maximize shareholder value only

Which of the following is a characteristic of social entrepreneurship?

• Focus on luxury goods

• Innovative solutions to social problems

• Resource wastage

• Market monopoly

What is the ultimate objective of social entrepreneurship?

• Wealth creation for the entrepreneur

• Technological advancement

• Creation of social value

• Market competition

Which of the following represents a social entrepreneurial activity?

• Starting a new restaurant

• Launching a social enterprise to provide clean water

• Introducing a luxury brand in the market

• Expanding financial institutions' reach

Which of the following best describes social value?

• Value generated solely through financial growth

• Value created to improve community well-being

• Value based on consumer preferences

• Value through competitive pricing

Social entrepreneurship differs from traditional entrepreneurship by:

• Prioritizing profits

• Focusing on social impact

• Ignoring market demand

• Pursuing short-term gains

What role do social entrepreneurs play in the economy?

• They disrupt markets for financial gain

• They address societal challenges through innovation

• They create monopolies

• They increase product pricing

Muhammad Yunus, founder of Grameen Bank, is known for:

• Traditional entrepreneurship

• Establishing microfinancing for social impact

• Focusing on profit maximization

• Leading a manufacturing business