ENTR 3310 Exam | Questions with 100% Correct Answers
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Course
ENTR 3310
Institution
ENTR 3310
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 enterprise Entrepreneurial thinking involves ______. starting with what you have expected return small act...
Creating a new product or venture within a large corporation is known as ______.
intrapreneurship
startup
benefit entrepreneurship
family enterprise
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The outdated process approach to entrepreneurship suggested that if you ______.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 ______.
Visualizing successfully performing an activity may help us perform the task in reality.
True
False
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