Entrepreneurial Mindset MCQs
Entrepreneurial Mindset MCQs
Answer these 40+ Entrepreneurial Mindset MCQs and see how sharp is your knowledge of Entrepreneurial Mindset. Scroll down and let's start!
1: Conceptual thinking is the ability to think through _____.
A. Complex systems
B. Problems
C. Simple systems
D. Both a and b
2: Controlling is the process of _____ and correcting performance when necessary.
A. Monitoring activities
B. Measuring results
C. Comparing them with goals
D. All of the above
3: Creativity is the generation of meaningful ideas by _____.
A. Individuals
B. Teams
C. Both a and b
D. None of these
4: Critical thinking is the ability to _____ which results in better decision-making.
A. Diagnose situations
B. Predict patterns of behaviors
C. Both a and b
D. None of these
5: Managerial roles in which managers are responsible for making judgments and decisions based on available information and analysis of the situation is called?
A. Decisional roles
B. Informational roles
C. Interpersonal roles
D. None of these
6: Effectiveness is the level to which people or organizations achieve agreed-upon goals.
A. True
B. False
7: Efficiency is the means of using the largest amount of resources to achieve the smallest output.
A. True
B. False
8: Entrepreneurs are the Individuals who _____ business opportunities.
A. Plan
B. Organize
C. Lead high risk
D. All of these
9: An entrepreneurial mindset is the ability to quickly _____ under uncertain conditions.
A. Sense opportunities
B. Take action
C. Get organized
D. All of these
10: First-line managers are those who direct daily activities for producing goods and services.
A. True
B. False
11: A fixed mindset is a belief that _____ are set traits.
A. Talents
B. Intelligence
C. Abilities
D. All of these
12: _____ is the belief that talents, intelligence, and abilities are set traits.
A. Fixed Mindset
B. Growth Mindset
C. Entrepreneurial mindset
D. All of these
13: A growth company is an organization that increases its annual revenue faster than its competitors in the same industry or market.
A. True
B. False
14: A growth mindset is a belief that _____ can be developed through dedication, effort, and persistence.
A. Talent
B. Intelligence
C. Abilities
D. All of the above
15: Habit is something that is done often and regularly, sometimes on an unconscious level.
A. True
B. False
16: _____ is the art of spontaneously creating something without preparation.
A. Improvisation
B. Improvement
C. Composition
D. None of the above
17: Informational roles are the managerial roles in which managers _____ to individuals and teams in support of the organization’s values, mission, vision, and goals.
A. Gather information
B. Assess information
C. Communicate information
D. All of these
18: _____ 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.
A. Decisional roles
B. Informational roles
C. Interpersonal roles
D. None of these
19: _____ 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.
A. Decisional roles
B. Informational roles
C. Interpersonal roles
D. None of these
20: Organizations with _____ employees are known as Large organizations.
A. Less than 500
B. More than 500
C. Less than 300
D. None of the above
21: Leading is the process of effectively _____ with people to achieve goals.
A. Motivating
B. Communicating
C. Incentive
D. All of the above
22: The process of working with people and distributing an organization’s resources to achieve goals efficiently and effectively.
A. True
B. False
23: Managerial roles are the organizational expectations that determine the actions of managers, including _____.
A. Interpersonal roles
B. Informational roles
C. Decisional roles
D. All of the above
24: Middle managers are the managers who direct the work of first-line managers and are responsible for divisions or departments.
A. True
B. False
25: Midsize organizations are the organizations with between _____ employees are known as Midsize organizations.
A. 100 and 200
B. 100 and 300
C. 100 and 400
D. 100 and 500
26: The mission is an organization’s central purpose, why it exists, and what type of organization it is.
A. True
B. False
27: 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.
A. Designs
B. Develops
C. Sells products
D. All of the above
28: 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.
A. True
B. False
29: An organization is an entity formed and structured to achieve goals.
A. True
B. False
30: Organizing is the process of _____ and decisions to achieve goals.
A. Orchestrating people
B. Actions
C. Resources
D. All of these
31: Planning is the process of _____ and resources needed to achieve success.
A. Setting goals for the future
B. Designing strategies
C. Deciding on the actions
D. All of these
32: Relational skills are the ability to _____ effectively with others.
A. Collaborate
B. Communicate
C. Both a and b
D. None of these
33: Self-efficacy is the _____ in our own abilities to deal with certain situations.
A. Belief
B. Confidence
C. Faith
D. All of these
34: Self-leadership is a process through which people intentionally influence their thinking and behavior to achieve their objectives.
A. True
B. False
35: Skills are the talents or abilities that enable a person to complete a _____ .
A. Particular task
B. Interaction
C. Process effectively and efficiently
D. All of these
36: Small organizations are the organizations with _____ employees.
A. Fewer than 100
B. Fewer than 200
C. Fewer than 300
D. Fewer than 400
37: Start-up is a newly formed organization with limited or no operational history.
A. True
B. False
38: Student organization is an organization formed to engage students further in the college experience through _____ and social action.
A. Academic
B. Political
C. Religious
D. All of the above
39: Technical skills are the ability to perform job-specific tasks.
A. True
B. False
40: Managers who set the organization’s direction and make decisions that affect everybody.
A. First-line manager
B. Middle manager
C. Top manager
D. None of these
41: Values are the _____ of an organization through meaningful statements and beliefs.
A. Core ethics
B. Principles
C. Morals
D. All of these
42: A description of what the organization hopes to achieve in the short term.
A. True
B. False
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Entrepreneurial Mindset MCQs
