ENTR 3310 Exam | Questions with 100% Correct Answers

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ENTR 3310 Exam | Questions with 100% Correct Answers Creating a new product or venture within a large corporation is known as ______. intrapreneurship startup benefit entrepreneurship family enterpr ... ise Entrepreneurial thinking involves ______. starting with what you have expected return small actions experimentation A method of carrying out carefully focused efforts to improve current performance is ______. habitual practice effectuation deliberate practice entrepreneurship One of the seven truths about entrepreneurs is they act less than they plan. True False The way to manage the chaos and craziness of a new business is known as entrepreneurship______. method model training process When calculating affordable loss, ______. think about what you are willing to lose let the risk of failure control your decision you cannot calculate the risk take the most risk you possibly can When you are starting your new company, you ______. should quit your job right away to pursue your new interest can use your current employer's resources should only work on the weekends as to not interfere with your other job should check your employment contract for any language prohibiting you from working a side job Throughout the ages, entrepreneurs have made changes to the world with inventions such as Benjamin Franklin's ______. blimp lightning rod automatic dishwasher potato chip Entrepreneurs inside consist of employees who think and act entrepreneurially within an organization. True False Entrepreneurs will use both managerial and entrepreneurial thinking. True False The outdated process approach to entrepreneurship suggested that if you ______. follow ten particular steps, your new venture is more likely to succeed have your family members help you, you will succeed follow the methods used by other entrepreneurs, you will succeed understand the pitfalls of starting a new business, you will succeed Which of the following is a characteristic of Dr. Saras Sarasvathy's theory of effectuation? It showed that first-time entrepreneurs were just as creative as serial entrepreneurs. It is based on the idea that entrepreneurs can control their future. It shows us that specific thinking patterns do not matter. It looked at entrepreneurs from only one industry. When considering an entrepreneurial idea, it is important to ______. kill your idea if you have had some setbacks. avoid collaboration because someone might steal your idea listen to your friends rather than be honest with yourself. reflect and be honest with yourself. A less risky way to become an entrepreneur is to buy an existing small business. True False If a work colleague tells you about his new work venture over lunch, you should tell your boss. True False Your passion can contribute to the entrepreneurial mindset by ______. connecting you to a meaningful venture helping you take unnecessary risk refusing to listen to negative information limiting problems that arise People with a ______ mindset tend to persevere rather than giving up. growth natural fixed lucky You can change your mindset by ______. taking on easier challenges and showing yourself you can do it becoming aware of the voice in your head and realizing that you have a choice in how to interpret what it is telling you questioning your ability to take on a new challenge making sure you are lucky and smart Those with an entrepreneurial mindset move quickly under uncertain conditions. True False When you write lists, notes, or motivational posters, you are practicing ______. self-goal setting self-punishment self-observation self-cueing Visualizing successfully performing an activity may help us perform the task in reality. True False The founder of Chobani admitted to which emotional roadblock? dislike for incubating ideas no appetite for chaos preference for judging over generating ideas fear What has a 2012 University of Utah study revealed about the left-brained/right-brained model? While personality types are clearly associated with one hemisphere or the other, task implementation is not. There is a sea change in hemisphere dominance as the ways in which we work have changed. The technological age in which we live has allowed us to move from left-brained thinking to right-brained thinking. There is no evidence that one side of the brain was more dominant than the other in any given individual. We are born with creativity. True False Entrepreneurs with more signs of improvisational behavior tend to outperform those who did not. True False Researchers found that jazz pianists could freely express themselves without restriction because they ______. believed they were lucky and were, therefore, successful had parents and other supporters who encouraged them to do so tended to switch off the self-censoring part of the brain had anomalous thought processes from birth ______ is the art of spontaneously creating something without preparation. Improvisation Creativity Imagination Passion People who engage in improvisation tend to be more tolerant of failure. True False The "Yes, and" principle is designed to help an entrepreneur have ______. access to successful entrepreneurs the ability to share an idea without being shot down unexpected results (because no one will say no) friends support the new venture Arrogance is helpful in starting a new venture. True False Why is mindset important in the recognition of opportunity? You know to take financial risks. You watch others start new ventures. You see an idea when it presents itself. You know when to discourage people. Entrepreneurs who have the ability to effectively confront demands or stressors, and thus improve entrepreneurial performance, tend to have ______. entrepreneurial self-efficacy entrepreneurial mindset self-observation growth mindset Which of the following are examples of growth mindset? Give me the name of a successful person who never experienced failure. If I don't try, I'll definitely fail. You aren't good at school. How will you ever run a business? Why do you want to start a business? You need accounting skills. Aren't you bad at math? People can influence and control their own behavior with ______. behavior strategies entrepreneurial brainstorming breaking bad habits self-leadership What does Franklin Yancey credit for his success? playing football his college education his supportive family environment his early experiences of risk-taking Creative people tend to have what type of traits? creative authentic polarized confusing People who consider themselves lucky are more open to recognizing chance opportunities. True False Improvisation is taught at top business schools such as UCLA's Anderson School of Management to teach skills such as ______. outsourcing communication negotiation teamwork The established set of attitudes held by someone is called ______. startup mindset habit entrepreneurship The methods to increase self-awareness and manage behaviors, particularly when dealing with necessary but unpleasant tasks, are ______. self-observation habit behavior-focused strategies passion Franklin Yancey's entrepreneurial ______ made it possible for him to start his stadium seat business. spirit drive help mindset James L. Adams, a Stanford University professor, identified what main emotional roadblocks preventing creativity? overthinking the process no appetite for chaos inability to distinguish reality from fantasy fear What part of the brain do musicians tend to shut off? creative sensory self-censoring expressive The General Self-Efficacy Scale (GSES) is used to measure ______. stress motivation self-efficacy habit When Cory Booker, now a U.S. Senator, became a tenants' rights advocate, he had to change his ______ after he viewed the tough New Jersey street outside Brick Towners. occupation mindset city decision about law school The process of examining our own behavior in a constructive way in order to reshape the behavior is known as ______. self-observation self-punishment self-goal setting self-reward Today's scientists have proven that one side of the brain is more dominant than the other. True False By studying jazz pianists using an MRI machine, scientists learned that when the self-censoring area part of the brain is shut off, the brain is able to generate ______. expected results self-control memorized concepts unpredictable ideas It was Franklin Yancey's ______ that kept him on the right track and ultimately led to his success in multiple businesses. risk-taking focus experience persistence mindset A(n) ______ person feels entitled to success and that the person will be successful without help. self-confident entrepreneurial happy arrogant We are born with metacognitive awareness. True False When you stop throughout the day to ask yourself what you have accomplished, you are using ______. self-goal setting self-cueing self-reward self-observation Entrepreneurs benefit from ______ because it helps them rapidly sense and act as well as change direction quickly. self-cueing habit improvisation creativity Franklin Yancey had no experience when he started his own business. True False [Show More]

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