The three factors included in the calculation of the reorder point are ________.
Answer
Correct Answer:
Demand, lead time, and safety stock
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Invention is the creation of a new _____.
Answer
Correct Answer:
All of the above
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Being growth oriented, willing to make personal sacrifices to advance a shared purpose, and capable of influencing others are essential characteristics for ______.
Answer
Correct Answer:
team builders
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The ______’s role as an entrepreneurial leader is to translate the vision into a series of testable impact model assumptions, prioritize and conduct tests, and iterate as needed until a viable model is identified or the project is terminated.
Answer
Correct Answer:
innovator
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Some components that are unique to the ______ canvas include type of intervention, key points of resistance, intended societal impact, and potential unintended consequences.
Answer
Correct Answer:
social impact model
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______ means that decisions are researched and made based on collected data, rather than relying on your experience and expertise, personal observations, advice, hopes, or hunches.
Answer
Correct Answer:
Evidence-based decision-making
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Having a strong and clear ______, will keep yourself on track and bring people together around a shared vision as well as keeping your team on track while you execute the entrepreneurial process.
Answer
Correct Answer:
purpose
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A ______ is a state of mind wherein you see your abilities and capacity as a change agent as set traits--they are what they are.
Answer
Correct Answer:
fixed mindset
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______ leaders are individuals who, through an understanding of themselves and the contexts in which they work, act on and shape opportunities that create value for their organizations, their stakeholders, and the wider society.
Answer
Correct Answer:
Entrepreneurial
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______ is an organizational disorder characterized by overreliance on charisma, involvement and decisions of one or more founding members in place of mindful, collaborative, and strategic management and leadership.
Answer
Correct Answer:
Founder’s syndrome
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Mere ______ is not sufficient enough for entrepreneurship. Rather the new creation must provide value to a customer or beneficiary by helping them solve a problem or address an unmet need.
Answer
Correct Answer:
invention
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______ comprises a unique set of concepts, mindsets, and activities used by leaders to identify opportunities, deepen understanding, and initiate and develop innovation.
Answer
Correct Answer:
Entrepreneurial leadership
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Social impact model is a representation for the rationale for how a _____ creates value for beneficiaries, delivers the value to beneficiaries, and sustains its impact over time.
Answer
Correct Answer:
All of the above
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Social Entrepreneurship is the process of utilizing the marketplace to solve social problems in a novel manner.
Answer
Correct Answer:
True
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Pivot is changing an aspect of your _____ to reduce risk based on evidence and testing assumptions.
Answer
Correct Answer:
All of these
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Panarchy cycle looks like an infinite loop and it includes the following phases like:
Answer
Correct Answer:
All of the above
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Panarchy are the deep patterns that occur in the transformation cycles all _____ go through.
Answer
Correct Answer:
Both a and b
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Opportunity recognition occurs when entrepreneurs become aware of a _____ in current offerings that they find interesting and believe themselves capable of solving.
Answer
Correct Answer:
All of these
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Minimum Viable product is the _____ thing you can build that conveys the product’s value proposition to customers.
Answer
Correct Answer:
Both a and b
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_____ is an approach to organizational development that engages flexible, rapid methods to test and revise products and services before heavily investing.
Answer
Correct Answer:
Lean
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Entrepreneurial behaviors within an existing organization, such as ____ .
Answer
Correct Answer:
All of these
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Impact Modeling is a general term for describing the decomposition of a new idea into constituent elements that are relevant to its viability.
Answer
Correct Answer:
True
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Ideation is the mental process of forming ideas.
Answer
Correct Answer:
True
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Founder’s Syndrome is an organizational disorder characterized by overreliance on the charisma, involvement, and decisions of one or more founding members in place of _____.
Answer
Correct Answer:
All of these
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Founder’s Syndrome is an organizational disorder characterized by overreliance on the _____ of one or more founding members in place of mindful, collaborative, and strategic management and leadership.
Answer
Correct Answer:
All of these
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Entrepreneurship is the process of pursuing opportunity through the _____ of new ideas into the marketplace.
Answer
Correct Answer:
All of these
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Entrepreneurial Leadership is a unique set of _____ used by leaders to identify opportunities, deepen understanding, and initiate and develop innovation.
Answer
Correct Answer:
All of the above
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Effectuation is a type of reasoning that starts with one’s given resources that subsequently forge goals as the resources are applied.
Answer
Correct Answer:
True
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Eco cycle framework often used in _____ four main phases cycling in an infinite loop.
Answer
Correct Answer:
All of these
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The Eco cycle framework has _____ main phases.
Answer
Correct Answer:
Four
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_____ is a type of reasoning characterized by first setting a goal and then considering the means through which the goal can be accomplished.
Answer
Correct Answer:
Causal Reasoning
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Which one of these is not the key business component for a business model canvas?
Answer
Correct Answer:
None of these
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Business model canvas is a tool that illustrates the _____ business components.
Answer
Correct Answer:
Nine key
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Business model represents a company’s rationale for how it _____ to make a profit.
Answer
Correct Answer:
All of the above
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Adaptive cycles are the cycles that are natural to the evolution of living systems that occur at all levels of scale.
Answer
Correct Answer:
True
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