1. If you are the type of person who tends to see failure as a learning opportunity, you likely have a ______ mindset.
Answer
Correct Answer:
Growth
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2. A(n) ______ is a specific subcategory of social entrepreneurship for organizations certified ensuring strict standards of social and environmental performance, accountability, and transparency.
Answer
Correct Answer:
benefit corporation
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3. What is the approach to entrepreneurship which emphasizes planning and prediction?
Answer
Correct Answer:
the process approach
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4. The Practice of Entrepreneurship involves starting with means at hand, describing the idea, and ______.
Answer
Correct Answer:
networking and enrolling others in your journey
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5. What is entrepreneurship that is carried out by employees working in units?
Answer
Correct Answer:
corporate entrepreneurship
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6. What is the primary reason to tell your current employer about your side venture?
Answer
Correct Answer:
ethics
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7. What type of thinking works during periods of certainty?
Answer
Correct Answer:
managerial
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8. Which of the following is accurate concerning family enterprises?
Answer
Correct Answer:
70% of family businesses fail or are sold before the second generation takes over.
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9. ______ is a way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
Answer
Correct Answer:
Entrepreneurship
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10. Serial Entrepreneurs are also known as ______, or, people who start several businesses.
Answer
Correct Answer:
habitual entrepreneurs
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11. One advantage of a family enterprise is that it ______.
Answer
Correct Answer:
is often more stable
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12. Which of the following is true about entrepreneurs and risk?
Answer
Correct Answer:
Most successful entrepreneurs are very calculated risk takers.
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13. A franchisee pays ______, which are a share of proceeds based on sales revenue.
Answer
Correct Answer:
royalties
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14. Research has shown that there are patterns in entrepreneurs’ ______.
Answer
Correct Answer:
thought processes
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15. A method of carrying out carefully focused efforts to improve current performance is known as ______ practice.
Answer
Correct Answer:
deliberate
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16. A(n) ______ is a temporary organization in search of a scalable business model.
Answer
Correct Answer:
startup
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17. A process that involves compensating ourselves when we achieve our goals. These rewards can be tangible or intangible.
Answer
Correct Answer:
Self-Reward
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18. Self-Punishment is a process that allows us
Answer
Correct Answer:
to examine our mistakes before making a conscious effort not to repeat them.
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19. A process that raises our awareness of how, when, and why we behave the way we do in certain circumstances is known as?
Answer
Correct Answer:
Self-Observation
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20. Self-Leadership is a process of?
Answer
Correct Answer:
whereby people can influence and control their own behavior
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21. The process of setting individual goals for ourselves is known as?
Answer
Correct Answer:
Self–Goal Setting
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22. The process of prompting that acts as a reminder of desired goals and keeps your attention on what you are trying to achieve is known as.
Answer
Correct Answer:
Self-Observation
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23. Types of compensation designed to make aspects of a task or activity more enjoyable by building in certain features or by reshaping perceptions to focus on the most positive aspects of the task and the value it holds. This statement is suitable for ?
Answer
Correct Answer:
Natural Reward Strategies
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24. Metacognition is ability
Answer
Correct Answer:
to understand and be aware of how we think and the processes we use to think.
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25. Improvisation is the art of_______.
Answer
Correct Answer:
spontaneously creating
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26. A sometimes unconscious pattern of behavior that is carried out often and regularly.
Answer
Correct Answer:
Habit
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27. Startup is a _________ in search of a scalable business model.
Answer
Correct Answer:
Temporary organization
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28. The process of sourcing innovative solutions to social and environmental problems.
Answer
Correct Answer:
Social Entrepreneurship
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29. Entrepreneurs who start ______ either simultaneously or consecutively.
Answer
Correct Answer:
Several businesses
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30. A share of the income of a business paid by a franchisee to the franchisor.
Answer
Correct Answer:
Royalties
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31. Outbound Marketing is Promoting your product or service through traditional activities such as advertising,_______, and cold calling
Answer
Correct Answer:
Trade shows
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32. Bringing potential customers to your business by creating online content that addresses their needs, in order to build trust and brand awareness.
Answer
Correct Answer:
Inbound Marketing
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33. A type of license purchased by a franchisee from an existing business called?
Answer
Correct Answer:
Franchisor
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34. Family Enterprise managed by?
Answer
Correct Answer:
family members
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35. Entrepreneurship a way of thinking, acting, and being that combines the ability to find.
Answer
Correct Answer:
New opportunities
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36. Who thinks and acts entrepreneurially within organizations?
Answer
Correct Answer:
b) Entrepreneurs
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37. Deliberate Practice is
Answer
Correct Answer:
c)Carrying out carefully focused efforts to improve current performance.
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38. A process of creating new products, ventures, processes, or renewal within large organizations is known as.
