Question 1

Compare and contrast prediction and creation.

Accepted Answer

Please see Neck, Neck and Murray's "Tabl

Question 2

Paul likes to identify weaknesses to improve constantly.He is using a key component of ______.

Accepted Answer

A) process improvement 
B) deliberate practice 
C) weakness management 
D) business processes 
A) process improvement 
B) deliberate practice 
C) weakness management 
D) business processes

Question 3

Lonnie is an entrepreneur who embraces the method approach.He ______.

Accepted Answer

A) has a set of practices, is creative, invests in learning, and has a collaborative style 
B) is predictive, focuses on planning, wants an expected return, and is competitive 
C) has predicted outputs, is creative, likes to plan, and collaborates 
D) is creative and predictive 
A) has a set of practices, is creative, invests in learning, and has a collaborative style 
B) is predictive, focuses on planning, wants an expected return, and is competitive 
C) has predicted outputs, is creative, likes to plan, and collaborates 
D) is creative and predictive

Question 4

Describe the benefits of the method approach.

Accepted Answer

1.It applies to novices and experts rega

Question 5

The first three traditional steps of an entrepreneurship process include which of the following? 1.think of an idea
2)get financing
3)do market research
4)get some financial projections
5)find a partner

Accepted Answer

A) 1, 2, 3 
B) 3, 4, 5 
C) 1, 3, 5 
D) 1, 3, 4 
A) 1, 2, 3 
B) 3, 4, 5 
C) 1, 3, 5 
D) 1, 3, 4

Question 6

Develop your impact statement.

Accepted Answer

Include means at han

Question 7

Many life skills are transferable to the deliberate practice of an entrepreneur.These skills include all EXCEPT ______.

Accepted Answer

A) playing a musical instrument 
B) participating in a team sport 
C) creative writing 
D) cooking 
A) playing a musical instrument 
B) participating in a team sport 
C) creative writing 
D) cooking

Question 8

Collaboration is for those in large corporations and is certainly not for entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 9

Cybill is an entrepreneur who uses the prediction mindset.Which of the following describes Cybill?

Accepted Answer

A) Cybill wants to open an accounting practice and is very competitive but wants the methods and procedures set up in her practice to make the processing effective and efficient.She plans for all her client work to line up within these practices. 
B) Cybill wants to open an accounting practice and is very collaborative in nature.She wants to discuss with the client the methods and between the two of them choose the method that is best for both. 
C) Cybill wants to open an accounting practice and is determined to outsource all the work. 
D) Cybill wants to open an accounting practice and wants it to be a sole proprietorship so she will be doing all the work and can then predict the outcomes. 
A) Cybill wants to open an accounting practice and is very competitive but wants the methods and procedures set up in her practice to make the processing effective and efficient.She plans for all her client work to line up within these practices. 
B) Cybill wants to open an accounting practice and is very collaborative in nature.She wants to discuss with the client the methods and between the two of them choose the method that is best for both. 
C) Cybill wants to open an accounting practice and is determined to outsource all the work. 
D) Cybill wants to open an accounting practice and wants it to be a sole proprietorship so she will be doing all the work and can then predict the outcomes.

Question 10

The idea that the future is unpredictable yet controllable and entrepreneurs can effect the future is ______.

Accepted Answer

A) creation view 
B) predictive approach 
C) theory of effectuation 
D) a normal thought in entrepreneurism 
A) creation view 
B) predictive approach 
C) theory of effectuation 
D) a normal thought in entrepreneurism

Question 11

The skill of experimentation ______.

Accepted Answer

A) frees the imagination, opens up our minds to opportunities and possibilities, and help us to be more innovative as entrepreneurs 
B) acts in order to learn, tries something, learns from the attempt 
C) relates to how others are feeling because you have been in a similar situation 
D) requires a general openness to the world and relates to unleashing our creative ability to create and find opportunities and solve problems 
A) frees the imagination, opens up our minds to opportunities and possibilities, and help us to be more innovative as entrepreneurs 
B) acts in order to learn, tries something, learns from the attempt 
C) relates to how others are feeling because you have been in a similar situation 
D) requires a general openness to the world and relates to unleashing our creative ability to create and find opportunities and solve problems

Question 12

Nan likes to find a procedure that works and prefers to use that procedure repeatedly to produce lasting results.This quality is a component of ______.

Accepted Answer

A) deliberate practice 
B) a business procedures manual 
C) standard operation procedures 
D) a system that deters creativity 
A) deliberate practice 
B) a business procedures manual 
C) standard operation procedures 
D) a system that deters creativity

Question 13

The skill of play ______.

Accepted Answer

A) frees the imagination, opens up our minds to opportunities and possibilities, and help us to be more innovative as entrepreneurs 
B) acts in order to learn, tries something, learns from the attempt 
C) relates to how others are feeling because you have been in a similar situation 
D) requires a general openness to the world and relates to unleashing our creative ability to create and find opportunities and solve problems 
A) frees the imagination, opens up our minds to opportunities and possibilities, and help us to be more innovative as entrepreneurs 
B) acts in order to learn, tries something, learns from the attempt 
C) relates to how others are feeling because you have been in a similar situation 
D) requires a general openness to the world and relates to unleashing our creative ability to create and find opportunities and solve problems

Question 14

At the end of each business month, Anthony likes to schedule some time for self-observation and self-reflection.He feels this helps him to be grounded.This also is part of the practice of ______.

Accepted Answer

A) deliberate practice 
B) running a smooth business 
C) being innovative 
D) being creative and responsible 
A) deliberate practice 
B) running a smooth business 
C) being innovative 
D) being creative and responsible

Question 15

Michael read the Baekgaard and Miller advice to entrepreneurs that included all BUT which of the following?

Accepted Answer

A) Have a good calendar system so you can keep up with your tasks. 
B) Don't be afraid to take risks. 
C) Take one day at a time. 
D) Follow your passion and have fun. 
A) Have a good calendar system so you can keep up with your tasks. 
B) Don't be afraid to take risks. 
C) Take one day at a time. 
D) Follow your passion and have fun.

Question 16

Skill of empathy is ______.

Accepted Answer

A) for the health care industry, not entrepreneurism 
B) an exercise which involves an understanding of emotion, circumstances, intentions, and the needs of others 
C) the only skill needed for a business owner 
D) the same as the skill of reflection 
A) for the health care industry, not entrepreneurism 
B) an exercise which involves an understanding of emotion, circumstances, intentions, and the needs of others 
C) the only skill needed for a business owner 
D) the same as the skill of reflection

Question 17

Identify your strengths and weaknesses within the deliberate practice.How would you improve in the areas of weaknesses?

Accepted Answer

Deliberate practices requires the follow

Question 18

Louann has taken her first small step in her impact statement.She was surprised it went well.Now she needs to ______.

Accepted Answer

A) get venture capital 
B) collaborate with others by networking and enrolling others in her journey 
C) talk to her friends and family to get access to funds 
D) transition from her full-time job to a part-time position 
A) get venture capital 
B) collaborate with others by networking and enrolling others in her journey 
C) talk to her friends and family to get access to funds 
D) transition from her full-time job to a part-time position

Question 19

Eric likes to plan for everything and his business is no exception.This drive to setting goals beforehand is ______.

Accepted Answer

A) good business practices 
B) a part of deliberate practice 
C) a use of valuable time 
D) is not necessary when you are the only one working your business 
A) good business practices 
B) a part of deliberate practice 
C) a use of valuable time 
D) is not necessary when you are the only one working your business

Question 20

The five most important practices of entrepreneurship includes the practice of experimentation, play, creativity, empathy, and reflection.

Accepted Answer

A) True 
 B)False

Compare and contrast prediction and creation.

Paul likes to identify weaknesses to improve constantly.He is using a key component of ______.

Lonnie is an entrepreneur who embraces the method approach.He ______.

Describe the benefits of the method approach.

The first three traditional steps of an entrepreneurship process include which of the following? 1.think of an idea 2)get financing 3)do market research 4)get some financial projections 5)find a partner

Develop your impact statement.

Many life skills are transferable to the deliberate practice of an entrepreneur.These skills include all EXCEPT ______.

Collaboration is for those in large corporations and is certainly not for entrepreneurs.

Cybill is an entrepreneur who uses the prediction mindset.Which of the following describes Cybill?

The idea that the future is unpredictable yet controllable and entrepreneurs can effect the future is ______.

The skill of experimentation ______.

Nan likes to find a procedure that works and prefers to use that procedure repeatedly to produce lasting results.This quality is a component of ______.

The skill of play ______.

At the end of each business month, Anthony likes to schedule some time for self-observation and self-reflection.He feels this helps him to be grounded.This also is part of the practice of ______.

Michael read the Baekgaard and Miller advice to entrepreneurs that included all BUT which of the following?

Skill of empathy is ______.

Identify your strengths and weaknesses within the deliberate practice.How would you improve in the areas of weaknesses?

Louann has taken her first small step in her impact statement.She was surprised it went well.Now she needs to ______.

Eric likes to plan for everything and his business is no exception.This drive to setting goals beforehand is ______.

The five most important practices of entrepreneurship includes the practice of experimentation, play, creativity, empathy, and reflection.

Entrepreneurship: a Global Social Movement

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

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Exam 2: Practicing Entrepreneurship

Compare and contrast prediction and creation.

Paul likes to identify weaknesses to improve constantly.He is using a key component of ______.

Lonnie is an entrepreneur who embraces the method approach.He ______.

Describe the benefits of the method approach.

The first three traditional steps of an entrepreneurship process include which of the following? 1.think of an idea 2)get financing 3)do market research 4)get some financial projections 5)find a partner

Develop your impact statement.

Many life skills are transferable to the deliberate practice of an entrepreneur.These skills include all EXCEPT ______.

Collaboration is for those in large corporations and is certainly not for entrepreneurs.

Cybill is an entrepreneur who uses the prediction mindset.Which of the following describes Cybill?

The idea that the future is unpredictable yet controllable and entrepreneurs can effect the future is ______.

The skill of experimentation ______.

Nan likes to find a procedure that works and prefers to use that procedure repeatedly to produce lasting results.This quality is a component of ______.

The skill of play ______.

At the end of each business month, Anthony likes to schedule some time for self-observation and self-reflection.He feels this helps him to be grounded.This also is part of the practice of ______.

Michael read the Baekgaard and Miller advice to entrepreneurs that included all BUT which of the following?

Skill of empathy is ______.

Identify your strengths and weaknesses within the deliberate practice.How would you improve in the areas of weaknesses?

Louann has taken her first small step in her impact statement.She was surprised it went well.Now she needs to ______.

Eric likes to plan for everything and his business is no exception.This drive to setting goals beforehand is ______.

The five most important practices of entrepreneurship includes the practice of experimentation, play, creativity, empathy, and reflection.

Entrepreneurship: a Global Social Movement

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

the Pitch Deck

Filters