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HEC > Week 1 > Flashcards

Week 1 Flashcards

1
Q

The 17 global goals for sustainable development are a core part of the United Nations 2030 Agenda for Sustainable Development.

TRUE/FALSE

A

TRUE

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2
Q

The 17 Global Goals for Sustainable Development were signed by about 200 country leaders.

TRUE/FALSE

A

TRUE

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3
Q

Which of the following principles are part of the 17 Global Goals for Sustainable Development of the United Nations?
* Zero hunger
* Zero meat consumption
* No poverty
* Gender Equality

select correct ones

A
  • Zero hunger
  • No poverty
  • Gender Equality
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4
Q

Social entrepreneurs should not attempt to tackle more than one global goal for sustainable development with their social mission.

TRUE/FALSE

A

FALSE

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5
Q

Social entrepreneurs develop a sustainable business model through which they focus on making profit.

TRUE/FALSE

A

FALSE

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6
Q

Social entrepreneurs cannot make any profits with their organizations.

TRUE/FALSE

A

FALSE

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7
Q

A social mission is the starting point of your social entrepreneurial adventure.

TRUE/FALSE

A

TRUE

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8
Q

Developing a service or product is the starting point of your social entrepreneurial adventure.

TRUE/FALSE

A

FALSE

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9
Q

The social mission of a social entrepreneur is of central importance to the development of a product or service.

TRUE/FALSE

A

TRUE

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10
Q

Which of the following is an example of a vast social mission?
* Financial inclusion
* Social Inclusion
* Reducing Waste
* Reducing poverty
* Ending poverty
* Guaranteeing free and high-quality education for everyone
* Fighting against climate change

A
  • Financial inclusion
  • Social Inclusion
  • Reducing Waste
  • Reducing poverty
  • Ending poverty
  • Guaranteeing free and high-quality education for everyone
  • Fighting against climate change
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11
Q

Which of the following principles form part of the six guiding principles of a good mission statement?
* Easily understandable
* Use a positive language
* Written with clear wording
* Short and clearly focused
* Very detailed
* All of the above

(Please check all that apply)

A
  • Easily understandable
  • Use a positive language
  • Written with clear wording
  • Short and clearly focused
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12
Q

Social entrepreneurs focus more on developing a positive impact on the environment than on their social impact.

TRUE/FALSE

A

FALSE

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13
Q

A social entrepreneur’s impact on society will not change over time.

TRUE/FALSE

A

FALSE

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14
Q

In order to maintain your social mission, products and services should remain the same over time.

TRUE/FALSE

A

FALSE

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15
Q

In the BKash example, what was the main purpose of the social mission?
* Financial inclusion
* Climate change
* Gender equality

A
  • Financial inclusion
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16
Q

Product or service developed to support a social mission need to be developed to be financial stable and, perhaps more importantly, they need to fulfill your social mission.

TRUE/FALSE

A

TRUE

17
Q

When developing a product or service, financial stability is more important than social mission.

TRUE/FALSE

A

FALSE

18
Q

The tension between developing services and products that provide financing to your business while at the same time fulfilling your social mission is called?
* Double Bottom-Line
* Triple-bottom line
* Tension-line

A
  • Double Bottom-Line
19
Q

The double bottom line talks about two different impacts that include social and environmental impact.

TRUE/FALSE

A

FALSE

20
Q

The triple bottom line talks about three different impacts that include economic and social impact.

TRUE/FALSE

A

TRUE

21
Q

What are the Three pillars of the triple bottom-line
* Profit, People, Planet OR Financial, Social, Environmental

A

Profit, People, Planet OR Financial, Social, Environmental

22
Q

A prototype is an early-stage, often simplified, service or product that can be use to receive feedback from stakeholders.

TRUE/FALSE

A

TRUE

23
Q

Receiving feedback is sometimes helpful to improve a prototype.

TRUE/FALSE

A

TRUE

24
Q

One approach to develop a social entrepreneurial prototype is called Design thinking.

TRUE/FALSE

A

TRUE

25
Q

One approach to develop a social entrepreneurial prototype is called “Why? For Whom? How?”.

TRUE/FALSE

A

TRUE

26
Q

What does the “Why?” describe in the “Why? For Whom? How? Approach”
* The purpose of your idea
* The economic and social impact
* The clients of your enterprise

A

The purpose of your idea

27
Q

The description in the “Why?” should ideally be supported by the following elements:
* Data
* Pictures
* Storytelling
* All of above

A
  • Data
  • Pictures
  • Storytelling
28
Q

The “For Whom?” is mainly about who you are targeting.

TRUE/FALSE

A

TRUE

29
Q

Social entrepreneurs should not attempt to tackle more than one global goal for sustainable development with their social mission.

TRUE/FALSE

A

FLASE

30
Q

Which of the following principles is one of the UN’s 17 Global Goals for Sustainable Development?
* Zero emissions
* Zero meat consumption
* Quality education

A

Quality education

31
Q

A social entrepreneur can change products and services in order to maintain the social mission.

TRUE/FALSE

A

TRUE

32
Q

Which of the following are examples of vast social missions?

  • Increasing revenues to a maximum
  • Guaranteeing free and high-quality education for everyone
  • Ending poverty
  • Creating market entry barriers for competitors
  • Fighting against climate change
A
  • Guaranteeing free and high-quality education for everyone
  • Fighting against climate change
  • Ending poverty

HEC (4 decks)

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