Exploring Social Enterprises Quiz

Which of the following best describes a social enterprise?

• A business that aims solely to maximise profit for shareholders

• An organisation that uses commercial strategies to achieve social or environmental objectives

• A government agency providing public services

• A charity that relies entirely on donations

Which of the following is a key characteristic of social enterprises?

• Profit distribution to shareholders is the main goal

• Social or environmental mission is central to the organisation

• Operates only in the public sector

• Does not generate any income

What is impact measurement in the context of social enterprises?

• Calculating the total revenue generated

• Assessing the social or environmental outcomes of the enterprise’s activities

• Measuring the number of employees

• Estimating the market share

Which of the following is NOT a common model of social entrepreneurship?

• Non-profit with income-generating activities

• For-profit with a social mission

• Hybrid model combining profit and non-profit elements

• Traditional charity relying solely on grants

Which legal structure is commonly used by social enterprises in the UK?

• Community Interest Company (CIC)

• Sole trader

• Public Limited Company (PLC)

• Limited Liability Partnership (LLP)

Which of the following is a challenge often faced by social enterprises?

• Access to traditional forms of funding

• Lack of a clear social mission

• Excessive government subsidies

• Overabundance of skilled staff

Which of the following is a potential source of funding for social enterprises?

• Social investment funds

• Only government grants

• Only private donations

• Only bank loans

Which of the following best describes a hybrid social enterprise model?

• A business that donates all profits to charity

• An organisation that combines income-generating activities with charitable work

• A government-owned company

• A traditional for-profit business

Which of the following is an example of a successful social enterprise in the UK?

• The Big Issue

• Tesco

• British Airways

• The Bank of England

What is the primary purpose of a Community Interest Company (CIC)?

• To maximise shareholder profit

• To benefit the community or pursue a social purpose

• To operate as a government agency

• To avoid paying taxes