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Entrepreneurial Mindset MCQ

Entrepreneurial Mindset MCQ

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

Answer

Correct Answer: False

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

Answer

Correct Answer: All of these

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

Answer

Correct Answer: Top manager

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

Answer

Correct Answer: True

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

Answer

Correct Answer: All of the above

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

Answer

Correct Answer: True

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7. Small organizations are the organizations with _____ employees.

Answer

Correct Answer: Fewer than 100

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

Answer

Correct Answer: All of these

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

Answer

Correct Answer: True

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

Answer

Correct Answer: All of these

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11. Relational skills are the ability to _____ effectively with others.

Answer

Correct Answer: Both a and b

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

Answer

Correct Answer: All of these

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

Answer

Correct Answer: All of these

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

Answer

Correct Answer: True

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15. 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.

Answer

Correct Answer: True

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16. 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.

Answer

Correct Answer: All of the above

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

Answer

Correct Answer: True

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

Answer

Correct Answer: 100 and 500

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

Answer

Correct Answer: True

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

Answer

Correct Answer: All of the above

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

Answer

Correct Answer: True

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

Answer

Correct Answer: All of the above

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23. Organizations with _____ employees are known as Large organizations.

Answer

Correct Answer: More than 500

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24. _____ 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.

Answer

Correct Answer: Interpersonal roles

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25. _____ 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.

Answer

Correct Answer: Informational roles

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

Answer

Correct Answer: All of these

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27. _____ is the art of spontaneously creating something without preparation.

Answer

Correct Answer: Improvisation

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

Answer

Correct Answer: True

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

Answer

Correct Answer: All of the above

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

Answer

Correct Answer: True

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

Answer

Correct Answer: Fixed Mindset

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

Answer

Correct Answer: All of these

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

Answer

Correct Answer: True

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

Answer

Correct Answer: All of these

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35. Entrepreneurs are the Individuals who _____ business opportunities.

Answer

Correct Answer: All of these

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

Answer

Correct Answer: False

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

Answer

Correct Answer: True

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

Answer

Correct Answer: Decisional roles

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

Answer

Correct Answer: Both a and b

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40. Creativity is the generation of meaningful ideas by _____.

Answer

Correct Answer: Both a and b

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

Answer

Correct Answer: All of the above

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42. Conceptual thinking is the ability to think through _____.

Answer

Correct Answer: Both a and b

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