How Is It That People Working in Their Own Self-Interest

question 255

Multiple Choice

How is it that people working in their own self-interest produce goods, services, and wealth for others?

• A) By taking advantage of a vast supply of labor, people working in their own self-interest could hire others at very low wages.
• B) In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.
• C) The government pays entrepreneurs in the U.S. to produce goods, services, and wealth for others.
• D) Entrepreneurs tend to include themselves in a group of people who need charitable support. A portion of the entrepreneur's profit (as required by law) goes to the charity of one's choice to support the less fortunate.

Distinguish between different models of social entrepreneurship, including hybrid models.

Understand the concept and purpose of microfinance in providing financial services to underserved populations.

Identify and distinguish between different types of stakeholders in a social entrepreneurship context.

Grasp the urgency, power, and legitimacy characteristics of stakeholders and their implications for social enterprises.

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Definitions:

Genograms

A pictorial display of a person's family relationships and medical history, often used in medicine and social work to visualize complex interactions.

Informal Assessment

An unstructured method of evaluating student learning or performance without standardized tools or criteria.

Assessment Instruments

Tools or methods used to evaluate, measure, or quantify the characteristics or abilities of individuals.

Time Sampling

A method of observational study where data is collected at specific and regular intervals over a period to analyze the occurrence of certain behaviors or events.