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 ______________.

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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?

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Question 7

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

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1

Question 8

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

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2

Question 9

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

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1

Question 10

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

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3

Question 11

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

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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.

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3

Question 13

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

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Question 14

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

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Question 15

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

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3

Question 16

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

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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?

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Question 19

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

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Question 20

20. Why is innovation important for entrepreneurs?

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