Social Entrepreneurship Quiz

True or False: Social entrepreneurship is solely focused on making profits for business owners.

• True

• False

Answer explanation

False. Social entrepreneurship aims to address social issues while achieving financial sustainability, not just profit for owners. It balances social impact with economic viability.

True or False: The term "social enterprise" was created in the 1970s by the American non-profit community.

• True

• False

Answer explanation

True. The term "social enterprise" was indeed created in the 1970s by the American non-profit community to describe organizations that use business strategies to achieve social goals.

True or False: Social entrepreneurs are primarily concerned with social mission achievement rather than creating value for shareholders.

• True

• False

Answer explanation

True. Social entrepreneurs prioritize social mission achievement over shareholder value, focusing on creating positive social change rather than maximizing profits.

True or False: Successful social entrepreneurship does not require overcoming resistance or adversity.

• True

• False

Answer explanation

False is correct because successful social entrepreneurship often involves overcoming resistance and adversity, such as societal challenges, funding issues, and stakeholder opposition.

True or False: According to the score assessment, a score of 80-100 indicates outstanding ability to be an entrepreneur.

• True

• False

Answer explanation

A score of 80-100 indicates outstanding ability to be an entrepreneur, as per the score assessment criteria. Therefore, the statement is True.

True or False: Social entrepreneurship only addresses economic issues and ignores environmental sustainability.

• True

• False

Answer explanation

False is correct because social entrepreneurship addresses both economic and environmental issues, aiming for sustainable solutions that benefit society and the planet.

True or False: Social entrepreneurs help others discover their power to change by envisioning new possibilities.

• True

• False

Answer explanation

True. Social entrepreneurs empower individuals by helping them envision new possibilities for change, fostering a sense of agency and motivation to make a difference in their communities.

True or False: The definition of social entrepreneurship includes building or transforming institutions to address social problems.

• True

• False

Answer explanation

True. Social entrepreneurship involves creating or transforming institutions to effectively tackle social issues, making the statement accurate.

True or False: All social enterprises have the same mission regardless of their context and community needs.

• True

• False

Answer explanation

False. Social enterprises vary in mission based on their specific context and the unique needs of the communities they serve, leading to diverse objectives and approaches.

True or False: Social entrepreneurs are known to have a high need for autonomy.

• True

• False

Answer explanation

True. Social entrepreneurs often seek independence in their work, allowing them to pursue innovative solutions to social issues without traditional constraints, reflecting a high need for autonomy.