Practicing Entrepreneurship in Mindset MCQs
Practicing Entrepreneurship in Mindset MCQs
Answer these 30 Practicing Entrepreneurship in Mindset MCQs and assess your grip on the subject of Practicing Entrepreneurship in Mindset.
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1: Benefit Corporation nonprofit B Lab that
A. a)set rules environmental performance, accountability and transparency
B. b) set rules environmental performance only
C. c) not set any rules
D. d) none of above
2: A process of creating new products, ventures, processes, or renewal within large organizations is known as.
A. Corporate Enterprises
B. Corporate Entrepreneur
C. Deliberate Practice
D. Corporate Entrepreneurship & Intrapreneurship
3: Deliberate Practice is
A. a)Carrying out carefully focused efforts to improve current performance.
B. b) we think and act entrepreneurially within organizations.
C. c)Carrying out carefully focused efforts to improve current performance.
D. d) both b & c
4: Who thinks and acts entrepreneurially within organizations?
A. a) Entrepreneurship
B. b) Entrepreneurs
C. C) Both a&b
D. d) Improvisation
5: Entrepreneurship a way of thinking, acting, and being that combines the ability to find.
A. New opportunities
B. Take portion from previous
C. Combine old & new
D. All possible
6: Family Enterprise managed by?
A. Single person
B. Ten people Team
C. family members
D. Share Holder
7: A type of license purchased by a franchisee from an existing business called?
A. Franchisor
B. Entrepreneurs
C. Entrepreneurial Mindset
D. Inbound Marketing
8: Bringing potential customers to your business by creating online content that addresses their needs, in order to build trust and brand awareness.
A. Outbound Marketing
B. Serial Entrepreneurs
C. Inbound Marketing
D. Entrepreneurial Self-Efficacy
9: Outbound Marketing is Promoting your product or service through traditional activities such as advertising,_______, and cold calling
A. For fairs
B. Fun fair
C. Professional exhibitions
D. Trade shows
10: A share of the income of a business paid by a franchisee to the franchisor.
A. Habitual Entrepreneurs
B. Social Entrepreneurship
C. Royalties
D. Startup
11: Entrepreneurs who start ______ either simultaneously or consecutively.
A. Several businesses
B. Single businesses
C. Two &three businesses
D. No businesses
12: The process of sourcing innovative solutions to social and environmental problems.
A. Social Entrepreneurship
B. Entrepreneurial Mindset
C. Constructive Thought Patterns
D. Royalties
13: Startup is a _________ in search of a scalable business model.
A. Permanent organization
B. Starting organization
C. Temporary organization
D. None of of these
14: A sometimes unconscious pattern of behavior that is carried out often and regularly.
A. Habit
B. Improvisation
C. Metacognition
15: Improvisation is the art of_______.
A. spontaneously creating
B. Self-generated
C. Both a & b
D. None of these
16: Metacognition is ability
A. to understand and be aware of how we think and the processes we use to think.
B. Some people have to identify opportunities.
C. process of prompting that acts as a reminder of desired goals and keeps your attention on what you are trying to achieve.
D. None of these
17: 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 ?
A. Natural Reward Strategies
B. Operational strategy.
C. Transformational strategy.
D. Corporate level strategy
18: 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.
A. Self–Goal Setting
B. Self-Observation
C. Self-Leadership
D. self-awareness
19: The process of setting individual goals for ourselves is known as?
A. Self–Goal Setting
B. Self-Observation
C. Self-Leadership
D. self-awareness
20: Self-Leadership is a process of?
A. whereby people can influence and control their own behavior
B. process that raises our awareness of how, when, and why we behave the way we do in certain circumstances.
C. process that allows us to examine our mistakes before making a conscious effort not to repeat them.
21: A process that raises our awareness of how, when, and why we behave the way we do in certain circumstances is known as?
A. Self–Goal Setting
B. Self-Observation
C. Self-Leadership
D. self-awareness
22: Self-Punishment is a process that allows us
A. to examine our mistakes before making a conscious effort not to repeat them.
B. that involves compensating ourselves when we achieve our goals. These rewards can be tangible or intangible.
C. process whereby people can influence and control their own behavior, actions
D. identifying links or connections between apparently unrelated things or events.
23: A process that involves compensating ourselves when we achieve our goals. These rewards can be tangible or intangible.
A. Self-Reward
B. Self-Punishment
C. Design Pathway
D. Analytical Strategies
24: A(n) ______ is a temporary organization in search of a scalable business model.
A. startup
B. new venture
C. entrepreneurial organization
D. smartphone app
25: A method of carrying out carefully focused efforts to improve current performance is known as ______ practice.
A. thoughtful
B. deliberate
C. repetitive
D. perfect
26: Research has shown that there are patterns in entrepreneurs’ ______.
A. personality traits
B. personal values
C. familial structure
D. thought processes
27: A franchisee pays ______, which are a share of proceeds based on sales revenue.
A. royalties
B. franchise fees
C. marketing fees
D. commissions
28: Which of the following is true about entrepreneurs and risk?
A. Entrepreneurs take more risks than the average person.
B. Risk is an objective assessment.
C. Entrepreneurs who take greater risks tend to be more successful than those who take fewer or smaller risks.
D. Most successful entrepreneurs are very calculated risk takers.
29: One advantage of a family enterprise is that it ______.
A. only hires family members
B. is often more stable
C. makes a profit immediately
D. takes no planning
30: Serial Entrepreneurs are also known as ______, or, people who start several businesses.
A. social entrepreneurs
B. inside entrepreneurs
C. habitual entrepreneurs
D. family enterprisers
31: ______ 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.
A. Opportunity identification
B. Entrepreneurship
C. Business formation
D. Innovation
32: Which of the following is accurate concerning family enterprises?
A. 70% of family businesses fail or are sold before the second generation takes over.
B. Family businesses are more likely to survive and thrive with each subsequent generation of owners.
C. Family businesses are more likely to survive and thrive with each subsequent generation of owners.
D. Family businesses don’t tend to be entrepreneurial as each generation continues the successes of the previous generations.
33: What type of thinking works during periods of certainty?
A. entrepreneurial
B. managerial
C. business
D. startup
34: What is the primary reason to tell your current employer about your side venture?
A. money
B. ethics
C. non-compete clause
D. culture clash
35: What is entrepreneurship that is carried out by employees working in units?
A. social entrepreneurship
B. integration entrepreneurship
C. corporate entrepreneurship
D. family entrepreneurship
36: The Practice of Entrepreneurship involves starting with means at hand, describing the idea, and ______.
A. calculating profits
B. taking large actions
C. sticking to your original idea
D. networking and enrolling others in your journey
37: What is the approach to entrepreneurship which emphasizes planning and prediction?
A. the franchise approach
B. the process approach
C. the method approach
D. the single approach
38: A(n) ______ is a specific subcategory of social entrepreneurship for organizations certified ensuring strict standards of social and environmental performance, accountability, and transparency.
A. 501(c)(3)
B. benefit corporation
C. nongovernmental organization
D. United Nations Social Venture
39: If you are the type of person who tends to see failure as a learning opportunity, you likely have a ______ mindset.
A. Fixed
B. Innovative
C. Growth
D. Creative
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Practicing Entrepreneurship in Mindset MCQs
