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Social enterprises: For profit and not for profit (12/28/2023)
By MR DL
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Last updated about 2 years ago
12 questions
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Question 1
1.
What does the 'Triple Bottom Line' refer to in business?
Net income, revenue, and cost
Profit, people, and planet
Marketing, operations, and finance
Unique selling proposition, pricing, and placement
Question 2
2.
What is the primary objective of a for-profit social enterprise?
Maximizing shareholder value
Exclusively making profit
Serving the community without considering profit
Creating social impact while making profit
Question 3
3.
Which is NOT a characteristic of a not-for-profit social enterprise?
No ownership by specific individuals
Reinvestment of surplus into mission
Tax-exempt status
Distribution of profits to shareholders
Question 4
4.
How does a 'Triple Bottom Line' approach benefit corporations?
Eliminates need for corporate social responsibility
Increases immediate financial gain
Reduces operational expenses
Enhances reputation and long-term sustainability
Question 5
5.
What is a key benefit of for profit social enterprises?
They are tax exempt.
They are run by volunteers.
They rely on donations.
They have a potential for financial self-sustainability.
Question 6
6.
How can for profit social enterprises fund their social good initiatives?
Through non-profit organizations.
Through government funding.
Through the profits they earn themselves.
Through private donations.
Question 7
7.
What allows for profit social enterprises to scale more rapidly?
Grants and donations.
Reliance on volunteers.
Access to capital markets.
Lower operating costs.
Question 8
8.
What differentiates for-profit social enterprises from traditional businesses?
A smaller size and staff.
An obligation to donate profits.
A commitment to creating social value.
Lower revenue generation.
Question 9
9.
What unique advantage do not-for-profit social enterprises have compared to for-profit businesses?
Eligibility for tax exemptions
Higher profit margins
Greater market competition
More investors
Question 10
10.
Which of these is a common benefit for the community from a not-for-profit social enterprise?
Providing necessary but unprofitable services
Reducing sales tax
Becoming a major shareholder
Investing in high-risk markets
Question 11
11.
Why do not-for-profit social enterprises often have stronger ties with local communities?
They don't have to pay taxes
They primarily serve community interests
They are always community-owned
They have more local employees
Question 12
12.
How can not-for-profit social enterprises attract skilled workers despite often paying less than for-profit companies?
Through contractual obligations
By guaranteeing promotions
By offering mission-driven work
By providing stocks