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Entrepreneurial Mindset MCQ

A description of what the organization hopes to achieve in the short term.

True

False

Answer

Correct Answer: False

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Values are the _____ of an organization through meaningful statements and beliefs.

Core ethics

Principles

Morals

All of these

Answer

Correct Answer: All of these

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Managers who set the organization’s direction and make decisions that affect everybody.

First-line manager

Middle manager

Top manager

None of these

Answer

Correct Answer: Top manager

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Technical skills are the ability to perform job-specific tasks.

True

False

Answer

Correct Answer: True

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Student organization is an organization formed to engage students further in the college experience through _____ and social action.

Academic

Political

Religious

All of the above

Answer

Correct Answer: All of the above

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Start-up is a newly formed organization with limited or no operational history.

True

False

Answer

Correct Answer: True

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Small organizations are the organizations with _____ employees.

Fewer than 100

Fewer than 200

Fewer than 300

Fewer than 400

Answer

Correct Answer: Fewer than 100

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Skills are the talents or abilities that enable a person to complete a _____ .

Particular task

Interaction

Process effectively and efficiently

All of these

Answer

Correct Answer: All of these

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Self-leadership is a process through which people intentionally influence their thinking and behavior to achieve their objectives.

True

False

Answer

Correct Answer: True

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Self-efficacy is the _____ in our own abilities to deal with certain situations.

Belief

Confidence

Faith

All of these

Answer

Correct Answer: All of these

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Relational skills are the ability to _____ effectively with others.

Collaborate

Communicate

Both a and b

None of these

Answer

Correct Answer: Both a and b

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Planning is the process of _____ and resources needed to achieve success.

Setting goals for the future

Designing strategies

Deciding on the actions

All of these

Answer

Correct Answer: All of these

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Organizing is the process of _____ and decisions to achieve goals.

Orchestrating people

Actions

Resources

All of these

Answer

Correct Answer: All of these

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An organization is an entity formed and structured to achieve goals.

True

False

Answer

Correct Answer: True

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Nonprofit organizations are the organizations that are required by the Internal Revenue Service (IRS) to reinvest all profits back into the organization, as opposed to distributing that money to investors or employees.

True

False

Answer

Correct Answer: True

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A multinational corporation is an organization with operations in multiple countries and usually more than 10,000 employees that _____ and services to customers all over the world.

Designs

Develops

Sells products

All of the above

Answer

Correct Answer: All of the above

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The mission is an organization’s central purpose, why it exists, and what type of organization it is.

True

False

Answer

Correct Answer: True

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Midsize organizations are the organizations with between _____ employees are known as Midsize organizations.

100 and 200

100 and 300

100 and 400

100 and 500

Answer

Correct Answer: 100 and 500

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Middle managers are the managers who direct the work of first-line managers and are responsible for divisions or departments.

True

False

Answer

Correct Answer: True

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Managerial roles are the organizational expectations that determine the actions of managers, including _____.

Interpersonal roles

Informational roles

Decisional roles

All of the above

Answer

Correct Answer: All of the above

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The process of working with people and distributing an organization’s resources to achieve goals efficiently and effectively.

True

False

Answer

Correct Answer: True

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Leading is the process of effectively _____ with people to achieve goals.

Motivating

Communicating

Incentive

All of the above

Answer

Correct Answer: All of the above

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Organizations with _____ employees are known as Large organizations.

Less than 500

More than 500

Less than 300

None of the above

Answer

Correct Answer: More than 500

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_____ is the managerial role in which managers build relationships with the people they work with and act as a public symbol for the many people they represent.

Decisional roles

Informational roles

Interpersonal roles

None of these

Answer

Correct Answer: Interpersonal roles

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_____ is the Managerial role in which managers gather, assess, and communicate information to individuals and teams in support of the organization’s values, mission, vision, and goals.

Decisional roles

Informational roles

Interpersonal roles

None of these

Answer

Correct Answer: Informational roles

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Informational roles are the managerial roles in which managers _____ to individuals and teams in support of the organization’s values, mission, vision, and goals.

Gather information

Assess information

Communicate information

All of these

Answer

Correct Answer: All of these

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_____ is the art of spontaneously creating something without preparation.

Improvisation

Improvement

Composition

None of the above

Answer

Correct Answer: Improvisation

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Habit is something that is done often and regularly, sometimes on an unconscious level.

True

False

Answer

Correct Answer: True

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A growth mindset is a belief that _____ can be developed through dedication, effort, and persistence.

Talent

Intelligence

Abilities

All of the above

Answer

Correct Answer: All of the above

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A growth company is an organization that increases its annual revenue faster than its competitors in the same industry or market.

True

False

Answer

Correct Answer: True

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_____ is the belief that talents, intelligence, and abilities are set traits.

Fixed Mindset

Growth Mindset

Entrepreneurial mindset

All of these

Answer

Correct Answer: Fixed Mindset

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A fixed mindset is a belief that _____ are set traits.

Talents

Intelligence

Abilities

All of these

Answer

Correct Answer: All of these

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First-line managers are those who direct daily activities for producing goods and services.

True

False

Answer

Correct Answer: True

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An entrepreneurial mindset is the ability to quickly _____ under uncertain conditions.

Sense opportunities

Take action

Get organized

All of these

Answer

Correct Answer: All of these

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Entrepreneurs are the Individuals who _____ business opportunities.

Plan

Organize

Lead high risk

All of these

Answer

Correct Answer: All of these

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Efficiency is the means of using the largest amount of resources to achieve the smallest output.

True

False

Answer

Correct Answer: False

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Effectiveness is the level to which people or organizations achieve agreed-upon goals.

True

False

Answer

Correct Answer: True

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Managerial roles in which managers are responsible for making judgments and decisions based on available information and analysis of the situation is called?

Decisional roles

Informational roles

Interpersonal roles

None of these

Answer

Correct Answer: Decisional roles

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Critical thinking is the ability to _____ which results in better decision-making.

Diagnose situations

Predict patterns of behaviors

Both a and b

None of these

Answer

Correct Answer: Both a and b

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Creativity is the generation of meaningful ideas by _____.

Individuals

Teams

Both a and b

None of these

Answer

Correct Answer: Both a and b

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Controlling is the process of _____ and correcting performance when necessary.

Monitoring activities

Measuring results

Comparing them with goals

All of the above

Answer

Correct Answer: All of the above

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Conceptual thinking is the ability to think through _____.

Complex systems

Problems

Simple systems

Both a and b

Answer

Correct Answer: Both a and b

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More Business Management Subjects

Becoming a Manager

Making Decisions & implemented in management today

Ethics & Social Responsibility of management

Manage the Culture and Change

Strategic Management and Planning

Design Management

Communication

Manage Human Resource Systems

Individuals and Diversity in management

Motivation in Management

Management Teams

Leadership in Management

Managing in a Global Environment

Control Budget through management

Technology and Management Systems

Management used Scientific Method

Evolution of Management

Managing Ethics and Social Responsibility

Management of Organizational Environment and Culture

Managing Diversity in a Global Community

Entrepreneurial Manager

Managing Effective Decisions

Managing Goals

Designing and managing Strategies

Managing Change and Innovation

Managing Structural Organizations

Human Side of Management

Managing Team Performance

Managing as a Leaders

Managing Understanding Individual Behavior

Controlling Information and Operations

Overview of small business

Small Business Management and Entrepreneurship

Social Entrepreneurs, Ethics, and Strategic Planning

Business Plan

Franchising in small business

Taking Over an Existing Business

Starting a New Business

Accounting and Financial in Business

Finance in Small Business

Legal Environment in Business

Research and Strategy in Business

Location of Small Business Marketing

Price and Promotions in Business Marketing

Professionally Management of Small Business

Operations Management

Human Resource Management in small business

Principles of Management

Business Intelligence

Transaction Management

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