Bottom line measures of social performance for an entrepreneur include the following (A) Unemployment rate (B) Relative Poverty (C) GDP Growth (D) Average Commute Time (E) Illiteracy Rate Choose the correct answer from the options given below:
To solve this question, we need to identify which measures pertain to the social performance of an entrepreneur. Social performance metrics focus on the broader impact of entrepreneurial activities on society and community well-being.
Explaining the Options:
Unemployment Rate: Measuring unemployment rate can indicate the success of entrepreneurial ventures in creating jobs and reducing unemployment, which is a critical social performance measure. Hence, it is relevant.
Relative Poverty: This metric measures the economic well-being of various segments of society. Entrepreneurship can play a significant role in alleviating poverty by offering employment and increasing wealth, making this a significant social performance measure.
GDP Growth: While GDP growth indicates the overall economic performance of a country, it is not specifically a measure of social performance of entrepreneurship. It focuses more on economic output rather than its societal impact.
Average Commute Time: This measure can be relevant in assessing the quality of life, which includes how entrepreneurial activities may affect living conditions by potentially bringing jobs closer to residential areas, thereby reducing commute times.
Illiteracy Rate: Decreasing illiteracy is often a goal closely associated with social performance. Entrepreneurs can contribute to improving educational outcomes through various initiatives, making this a pertinent measure.
Conclusion:
Based on the discussion above, the measures of social performance suitable for an entrepreneur are:
Unemployment Rate
Relative Poverty
Average Commute Time
Illiteracy Rate
Thus, the correct answer is A, B, D, E only.
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