IE- Reviewer Part1

Question 1

1.	What does the Entrepreneurial Mind Frame help an entrepreneur do?

Accepted Answer

1

Question 2

2.	The Entrepreneurial Heart Flame represents an entrepreneur’s ______________.

Accepted Answer

1

Question 3

3.	In Entrepreneurial Gut Flame, which of the following is NOT a key
characteristic?

Accepted Answer

2

Question 4

4.	What does the Chinese word for “crisis” symbolize in entrepreneurship?

Accepted Answer

2

Question 5

5.	An entrepreneur who follows their intuition, takes bold risks, and confidently
makes decisions is demonstrating ______________.

Accepted Answer

0

Question 6

6.	The Entrepreneurial Mind Frame helps entrepreneurs see challenges as?

Accepted Answer

0

Question 7

7.	Entrepreneurs with a strong Entrepreneurial Heart Flame are driven by____________, not just financial gain.

Accepted Answer

1

Question 8

8. Entrepreneurial Gut Flame involves a combination of intuition, passion, and __________ to make bold decisions.

Accepted Answer

2

Question 9

9. Entrepreneurs who are emotionally invested in their business and strive to make a difference are demonstrating their _____________.

Accepted Answer

1

Question 10

10. In entrepreneurship mind frame, a crisis can be seen as both a danger and an __________.

Accepted Answer

3

Question 11

11. In sources of entrepreneurial ideas, in general what are the external environment of a business venture?

Accepted Answer

0

Question 12

12. In Societal Environment, this includes the laws, rules and regulations that govern business practices as well as the permits, approvals, and licenses necessary to operate the business.

Accepted Answer

3

Question 13

13. In Industrial Environment, this includes in business except?

Accepted Answer

1

Question 14

14. In Societal Environment, this various forces are included except?

Accepted Answer

0

Question 15

15. It refers to interest, hobbies and preferences of people are rich source of entrepreneurial ideas.

Accepted Answer

3

Question 16

16. According to Shackle’s theory, what helps entrepreneurs identify potential market opportunities?

Accepted Answer

1

Question 17

17. According to Shackle’s theory, what is a key characteristic of entrepreneurs?

Accepted Answer

1

Question 18

18. What is the role of entrepreneurs in economic growth, according to classical, neo-classical,
and Austrian theories?

Accepted Answer

1

Question 19

19. One of the Economic theories of entrepreneurship that the entrepreneur are producers and distributors of goods in the marketplace.

Accepted Answer

0

Question 20

20. Why is innovation important for entrepreneurs?

Accepted Answer

0

# 1

Multiple Choice

1. What does the Entrepreneurial Mind Frame help an entrepreneur do?

# 2

Multiple Choice

2. The Entrepreneurial Heart Flame represents an entrepreneur’s ______________.

# 3

Multiple Choice

3. In Entrepreneurial Gut Flame, which of the following is NOT a key characteristic?

# 4

Multiple Choice

4. What does the Chinese word for “crisis” symbolize in entrepreneurship?