Bob Is a Social Entrepreneur and Sally Is a Traditional

question 59

Multiple Choice

Bob is a social entrepreneur and Sally is a traditional entrepreneur.The differences between the types of entrepreneurs include ______.

• A)traditional entrepreneurs create ventures with a goal of making profit and measure performance by the profits they generate
• B)social entrepreneurs create ventures to tackle social problems and bring about social change
• C)social entrepreneurs measure performance by advancing social and environmental goals.Some desire profit; some do not.
• D)all of these

Recognize ethical universalism and its application across cultures.

Articulate the significance of core values such as human dignity and basic rights in transcultural ethics.

Distinguish between different ethical dilemmas involving organizational resources, conflicts of interest, and customer confidence.

Grasp Kohlberg's stages of moral development and their application to ethical decision-making.

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Definitions:

Inflationary Gap

A situation where the demand for goods exceeds supply at the current price levels, leading to an increase in prices and inflation.

Equilibrium GDP

The level of Gross Domestic Product where the aggregate supply equals aggregate demand within an economy, leading to a stable economic condition.

Full Employment GDP

The level of GDP produced when the economy is utilizing all available resources, including labor, at the maximum sustainable rate without causing inflation.

Recessionary Gap

A situation where the real Gross Domestic Product (GDP) is lower than the potential GDP, indicating underutilization of resources.