Which of the following best describes the "disruptive" nature of social entrepreneurship?
A. An employee from the mailroom who comes up with a brilliant idea, shares it with the CEO, and is promoted to a VP position.
B. A group of entrepreneurs who raise $1 million dollars to continue funding AIDS research in Africa.
C. A group of entrepreneurs who design a product that will be powered by solar energy, require a 4th grade education to fix, will cost $10 and will provide safe drinking water to villages all across Asia.
D. A group of scientists who create a cure for malaria in a lab and decide to hold on to the idea until the time is right for them to release it independent of their current employers.
E. A group of young business people spend $100,000 of borrowed capital to develop a fuel-efficient car, and then donate the car and the design plans to the Smithsonian.
C p.454 Moderate
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Briefly describe each of the following source documents:
Mark operates an auto parts shop. The shop has gone out of business, and all assets have been
sold. The following debts remain: 1. $10,000 owed to suppliers for merchandise that was sold to customers 2. $20,000 owed to suppliers for merchandise that was ruined in an unexpected flood 3. $35,000 owed to a customer who has a final judgment in a product liability suit against the auto parts shop For which of these debts can Mark be held personally liable? A) 1 and 3 only B) 1 only C) 1 and 2 only D) None, they were all business debts E) 1, 2, and 3