Which of the Following Best Describes the Concept of Social

question 37

Multiple Choice

Which of the following best describes the concept of social entrepreneurship?

• A)A method of assessing needs in order to facilitate communicating and exchange.
• B)A place where two or more people gather to bargain prices and conduct exchanges.
• C)A method of promotion and a simple way to place the product with the customer.
• D)Innovative activities that help solve the practical needs of society.
• E)A view that organizations should discover and satisfy the needs of society.

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Definitions:

Utility Function

A mathematical representation of how a consumer derives satisfaction from consuming goods or services, showing their preferences.

Aversion to Risk

The inclination to avoid taking risks, preferring safer or more certain outcomes over uncertain ones.

Risk Neutral

An investor who finds the level of risk irrelevant and considers only the expected return of risk prospects.

Expected Return

The weighted average of all possible returns for a given investment, based on probabilities of outcomes.