Chapter 2: Activating an Entrepreneurial Mindset Quiz
Entrepreneurs benefit from ______ because it helps them rapidly sense, act, and change direction.
Improvisation
Why is developing and referring back to your "why" statement important?
It is a constant reminder of your motivation, which can make you more resilient.
Which is an example of a nascent entrepreneur?
a web designer who is thinking of starting their own business
Recent studies show that which of the following may contribute to keeping a fixed mindset?
being overly praised for being smart
After hearing the results of a focus group for a new product, a new entrepreneur gladly accepts the positive feedback but discounts and argues with the negative comments. What is this an example of?
confirmation bias
In order to create good habits in entrepreneurship, one must engage in a high level of ______.
deliberate practice
An entrepreneur is planning on opening his first business venture—an electronics store. Even though he has not ever opened an electronics store, he believes he has the ability to be successful. What is he displaying?
entrepreneurial self-efficacy
Which has been used in the past to explain certain unconventional entrepreneurial behaviors, such as taking big risks and working with intense focus to fulfill a dream
passion
A person who has a growth mindset is more likely to ______.
practice perseverance
Within the context of entrepreneurship, the process of influencing and controlling one's own behavior is called ______.
self-leadership
What strategy are you using if you stop throughout the day to ask yourself what you have accomplished?
self-observation
Which best defines mindset?
the frame through which we perceive and respond to the world
Passion has been associated with self-criticism.
False
A pet food company will donate 20 pounds of pet food to no-kill animal shelters for every $100 each customer spends. Which type of value does this describe?
Social
The entrepreneurial mindset includes the ability to persevere and learn from failure.
True
