SEÑOR TESORO COLLEGE, INC

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Calasiao, Pangasinan
Email Address: [email protected]

BS ENTREPRENEURSHIP PROGRAM

PRELIM EXAMINATION – SOCIAL ENTREPRENEURSHIP

2nd Semester, AY 2022-2023
Prepared by: Dino Soriano Dizon, CHRA, MRIBM

Name:_____________________________________ Score:____________________
Student No.: _______________ Year/Section:______________

(General Instructions: (1) Use only black or blue pen. No friction pen. (2)
Erasures/Superimpositions/Alterations are considered wrong. (3) Do not tear or fold of
any page/s of your test booklet it will invalidate all your answers. (4) Mind your own
business. Anyone caught talking with his/her seatmate is considered cheating and will
be dealt with accordingly. (5) No permit, No exam. )

I. Multiple Choice

1. Which of the following challenges can be addressed by social innovations?

a. Millions of children dying from vaccine-preventable diseases
b. Low attendance of girls in school
c. Climate change
d. All the above
2. Social innovations come from individuals, groups or organizations, and can take
place,
a. Only in the for-profit sector
b. Only in then not-for-profit sector
c. Only in the public sector
e. In all the three sectors
3. In social innovation, which element is most likely to come first?
a. Develop the financial model
b. Understand the barriers to success
c. Identify the social challenge or problem
d. Devise and validate a workable solution
4. Among the choices below, the most appropriate definition for a “social
entrepreneur” is:
a. An entrepreneur with a very outgoing personality.
b. Someone who develops an innovative answer to a social problem
c. An entrepreneur that depends on social media such as Facebook or
Twitter to advertise his products or services.
d. An entrepreneur that works with other business partners.
5. Social entrepreneurs act as change agents by:
a. Acting boldy and responsively to tackle need
b. Adopting a mission to create social value
c. Being accountable to the constituencies served
d. All of the above
6. A social enterprise operates as a business.
a. True
b. False
c. No Answer
7. What is social innovation?
a. Business plans that incorporate internal employee achievements

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 b. Modifications on social media that allow you to reach more people
c. Initiatives, products or processes that fuel change and improvement
d. Implementation of new processes that make business more efficient
8. Where can you spot opportunities for social innovation?
a. Focus groups or surveys
b. Through awareness of issues
c. Basic brainstorming
d. All answers are correct
9. Coming up with a new version of a popular chocolate bar is an example of radical
innovation.
a. True
b. False
c. No Answer
10. Innovation can only happen in the research laboratories of large firms
a. True
b. False
c. No Answer
11. Social entrepreneurs are primarily interested in generating personal wealth.
a. True
b. False
c. No Answer
12. Unlike commercial entrepreneurs, social entrepreneurs are often lone performers
that rely less on support networks.
a. True
b. False
c. No Answer
13. Social innovations are new solutions (products, services, models,
markets,processes, etc.) that, simultaneously, satisfy a social need (more
effectively than existing solutions), create new or better capabilities and
relationships, and make better use of assets and resources.
a. True
b. False
c. No Answer
14. The social innovations are comparable to other social problem-solving initiatives
in that they are motivated by a desire to address a specific social issue.
a. True
b. False
c. No Answer
15. The new products and services are those that are focused on meeting the
requirements of a group in circumstances of vulnerability or exclusion in a cost-
effective and worthwhile manner.
a. True
b. False
16. The process of refining and testing ideas is vital because validates the innovation
through iteration, trial, and error, and arisen the conflicts generated by its
implementation.
a. True
b. False
c. No Answer
17. The new markets refer to the creation of new legal or regulatory frameworks or
platforms for dealing with social problems or for the generation of new standards
at the national and regional levels.
a. True
b. False
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 c. No Answer
18. The new platforms focus on offering alternatives for commercial exchange to
segments that were traditionally not related to each other, or because of their
exclusion or vulnerability conditions they could not access them.
a. True
b. False
c. No Answer
19. The new organizational forms focus on creating structures of collaboration and
cooperation between different actors in society, with the interest of increasing the
impact that each of them generates.
a. True
b. False
c. No Answer
20. The new processes focus on the creation of methods to meet the needs faced by
a particular social group.
a. True
b. False
c. No Answer
21. The ______________________ focused on understanding how it affects the
structure of society.
a. social part of innovation
b. social part of management
c. social part of entrepreneurship
22. Which of the following does not belong to the four key elements of social
innovation?
a. satisfaction of a need,
b. innovation of the problem
c. change of social structures and relationships
23. Social innovations can find their sources in multiple actors and sectors of society.
a. True
b. False
c. No Answer
24. Which of the following sources of social innovation does foster approaches to
address social needs and is characterized by treating a wide variety of problems
and addresses the demands that the State and the market have neglected?
a. Private Sector
b. Public Sector
c. Non-Profit Sector
25. This source of social innovation contemplates organizations and institutions of
the State that, through programs, norms, laws, or other mechanisms seek to
promote social change.
a. Private Sector
b. Public Sector
c. Non-Profit Sector
26. These are sources of social innovation whose activities are carried out by
individuals, families, and communities that are not captured by the private, public,
and nonprofit sectors, but that work to meet social needs, including non-
monetized activities undertaken by civic, religious, and social groups.
a. Private Sector
b. Informal Sector
c. Non-Profit Sector
27. These are companies that see social challenges as business opportunities.
a. Private Sector
b. Informal Sector
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 c. Non-Profit Sector
28. Which of the following does not belong to the group?
a. satisfaction of a need
b. innovation of the solution
c. change of social structures and relationships
d. the increase of society’s capacity to decline.
29. Due to the range of the concept, there is a risk that any innovation that generates
change in society or that aims to create a benefit for society could be considered
as____________________.
a. Social innovation
b. Social management
c. Social entrepreneurship
30. _______________________ is present in human history as a manifestation of its
creative capacity and as the result of humanity’s efforts to develop responses to
its needs and improve its quality of life.
a. Entrepreneurship
b. Management
c. Innovation
Part II: Essay (10 points each)

1. Why is social innovation important? Explain, expound and elaborate your

answer.

2. What social issue do you want to solve as an aspiring social entrepreneur, and
what sort of social innovation do you want to introduce to modify social structures
through the innovation you want to introduce?

3. How does social innovation connect with social needs? Defend your answer.

Reviewed and Checked by:

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MELODY C. VILLACORTA, CPA, MBA
OIC, Academic Director

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