Social Enterprise

What is a social enterprise?

• Aims to make profit

• Reinvests profits

• Has a social mission and reinvests all profits

• Has a social mission

2. What is the difference between a profit organization and a social enterprise?

• A social enterprise has an asset lock whereas a profit org does not.
• A profit org has a asset lock whereas a social enterprise does not
• They both aim to make profit

3. What is the main purpose of a social enterprise?

• To make profit
• To help their social cause
• To provide a service/good for profit
• To be a shop

4. Why is a social enterprise more likely to gain more attention than a profit org?

• As they have better food
• They have a social mission that people want to invest in to help
• they just do
• They have a bigger shop

5. What might be a social mission for a social enterprise?

7. This type of business is owned by one person.

• Partnership
• Sole Proprietorship
• Corporation
• Franchise

7. Advantages of this business type are that the owner is their own boss and gets to keep all the profits.

• Partnership
• Sole Proprietorship
• Corporation
• Franchise

8. Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

9. What is a major advantage of a business that is a partnership rather than a sole proprietorship?

• The responsibility for the business is shared
• The business is easy to set up
• The partners are not responsible for business debts
• The business is easy to sell

10. What is a business owned by stockholders/investors but operated by others?

• Sole Proprietorship
• Partnership
• Corporation