Social Business Start-Up Quiz

What is the primary goal of a social business?

• Social impact

• Maximizing shareholder value

• Profit generation

• Market expansion

Which of the following is a feature of traditional businesses?

• Profit distribution to owners/shareholders

• Focus on social issues

• Hybrid legal structure

• Reinvest profits for social impact

What is a key need that social businesses aim to address?

• Expanding global markets

• Addressing poverty and inequality

• Creating luxury goods

• Maximizing profits

Which of the following is an example of a social business initiative?

• A traditional retail store

• A tech startup focusing on software sales

• A fashion brand producing luxury items

• One Family Health providing healthcare in Rwanda

What type of revenue model do social businesses typically use?

• Donations only

• Earned income from sales

• Venture capital funding

• Government grants

Which of the following is a strategy for promoting environmental sustainability in social businesses?

• Increasing production costs

• Developing eco-friendly products

• Focusing solely on profit

• Reducing employee wages

What is the purpose of the Social Business Model Canvas?

• To create a traditional business plan

• To eliminate competition

• To visualize and test social business ideas

• To maximize shareholder profits

Which of the following describes a key activity of social businesses?

• Reducing employee benefits

• Investing in stock markets

• Conducting community workshops

• Manufacturing luxury goods

What is a common funding option for social businesses?

• Personal loans

• Crowdfunding

• Real estate investments

• High-interest loans

What is a significant ethical consideration for social businesses?

• Avoiding community involvement

• Minimizing employee wages

• Transparency and accountability

• Maximizing profits