Which statement best summarizes the advice to successfully incorporate social impact in your business?Group of answer choicesDiscover how to best create social impact for your organization and select a clear route that sets you apart.Not all companies should invest in social impact.The social innovator archetype is the ideal, but some businesses start from another archetype and work their way up.Minimize PR costs and maximize impact.

What could be a stumbling block for business that fall under the social innovator archetype?Group of answer choicesReacts to external pressures.May add additional costs to business.Social impact and business metrics may compete.Includes potentially costly regulatory affairs and PR functions.

The definition of social impact means any significant or positive changes that solve or at least address social injustice and challenges. Businesses or organizations achieve these goals through conscious and deliberate efforts or activities in their operations and administrationsGroup of answer choicesTrueFalse

Beyond the practical impact of helping society, why should businesses care about social impact?Group of answer choicesBrand recognition/awarenessAttracting customersEngaging employeesAll of the above

Where does the profit of a social business go?Group of answer choicesInto social impact programs.To the shareholders.To the community.Back into the compan

A key concern with any social enterprise is sustain-ability of funding. What recommendations can youmake to the social entrepreneur to ensure thesustainability of the venture over the long term?2-36. Work with a team of your classmates to identify anunmet social need in your community. Identifyalternative approaches you can develop to addressthis social need. Describe the social venture youwould establish to meet the social need.2-37. What are the various ways you could generate the fund-ing you would need to operate your social venture?