Question 1

Entrepreneurs may find it especially difficult to separate personal failure from professional failure.

Accepted Answer

A) True 
 B)False

Question 2

Amy C.Edmondson,professor of leadership and management at Harvard Business School,describes a spectrum for failure that runs from blameworthy to praiseworthy.According to Edmondson,a praiseworthy reason for failure is ______.

Accepted Answer

A) uncertainty-taking unreasonable actions due to lack of clarity 
B) inattention-getting sidetracked from the core business 
C) deviance-defying ethical and legal boundaries 
D) exploratory experimentation-conducting market tests to get early feedback 
A) uncertainty-taking unreasonable actions due to lack of clarity 
B) inattention-getting sidetracked from the core business 
C) deviance-defying ethical and legal boundaries 
D) exploratory experimentation-conducting market tests to get early feedback

Question 3

The Global Entrepreneurship Monitor report showed that the type of economy in which an entrepreneur is operating is a significant factor in fear of failure rates.

Accepted Answer

A) True 
 B)False

Question 4

What did CBI Insights find out when analyzing startup postmortems?

Accepted Answer

A) Co-founders cannot agree how to move forward quick enough. 
B) The companies failed 42 percent of the time because they did not solve a big enough problem. 
C) A little bump in the beginning will cause the startup to fail 34 percent of the time. 
D) Most startups fail because a few bad reviews on social media. 
A) Co-founders cannot agree how to move forward quick enough. 
B) The companies failed 42 percent of the time because they did not solve a big enough problem. 
C) A little bump in the beginning will cause the startup to fail 34 percent of the time. 
D) Most startups fail because a few bad reviews on social media.

Question 5

In the context of grit,the strength to recover from failure and overcome obstacles in order to persevere toward the achievement of long-term goals is called ______.

Accepted Answer

A) excellence 
B) resilience 
C) conscientiousness 
D) courage 
A) excellence 
B) resilience 
C) conscientiousness 
D) courage

Question 6

According to the text,why do many see failure as the path by which individuals travel to develop into entrepreneurs?

Accepted Answer

A) Once the business is closed,stress is reduced,freeing the mind for creative thinking. 
B) The process of avoiding failure makes the entrepreneur more vigilant. 
C) Failure can intensify the cognitive processes involved in learning,resulting in improvements in future performance. 
D) Those who aren't suited for business get out early,leaving the field open for others' successes. 
A) Once the business is closed,stress is reduced,freeing the mind for creative thinking. 
B) The process of avoiding failure makes the entrepreneur more vigilant. 
C) Failure can intensify the cognitive processes involved in learning,resulting in improvements in future performance. 
D) Those who aren't suited for business get out early,leaving the field open for others' successes.

Question 7

Studies show that individuals who are ______ will go out of their way to avoid failure.

Accepted Answer

A) raised in uncertain environments 
B) raised to believe failure is unacceptable 
C) raised to view failure as a learning opportunity 
D) raised by helicopter parents 
A) raised in uncertain environments 
B) raised to believe failure is unacceptable 
C) raised to view failure as a learning opportunity 
D) raised by helicopter parents

Question 8

Why did Beepi fail even though it raised over $150 million?

Accepted Answer

A) There was a lawsuit over the business idea. 
B) The founders spent through money too quickly. 
C) Nobody wanted peer-to-peer used cars. 
D) The founders were too inexperienced. 
A) There was a lawsuit over the business idea. 
B) The founders spent through money too quickly. 
C) Nobody wanted peer-to-peer used cars. 
D) The founders were too inexperienced.

Question 9

Justin opened a physical therapy business in a new location and hired two well-known therapists.Once the business was up and running,Justin began work on launching a restaurant in a neighboring town.With Justin at the restaurant most days,the physical therapy business began to flounder.Which startup failure is represented in this scenario?

Accepted Answer

A) uncertainty 
B) process inadequacy 
C) inattention 
D) deviance 
A) uncertainty 
B) process inadequacy 
C) inattention 
D) deviance

Question 10

Conscious,highly structured efforts to learn new skills,carried out with an eye on long-term achievement,describes which of the following terms?

Accepted Answer

A) fixed mindset 
B) perseverance 
C) deliberate practice 
D) structured learning 
A) fixed mindset 
B) perseverance 
C) deliberate practice 
D) structured learning

Question 11

With inattention,an entrepreneur becomes sidetracked from the core business.

Accepted Answer

A) True 
 B)False

Question 12

A CBI Insights study of startup postmortems found that more than 40 percent failed because of process inadequacy.

Accepted Answer

A) True 
 B)False

Question 13

Describe how a fear of failure affects entrepreneurs,including whether there are any positive aspects to a fear of failure.

Accepted Answer

People with a strong fear of failure ten

Question 14

The cofounder of Classy Llama,Kurt Theobald,learned from his failures and ______.

Accepted Answer

A) gave up on being an entrepreneur 
B) finally learned he was better as an employee 
C) made a success out of his 11th startup 
D) talked his parents into funding him one more time. 
A) gave up on being an entrepreneur 
B) finally learned he was better as an employee 
C) made a success out of his 11th startup 
D) talked his parents into funding him one more time.

Question 15

The key to building a blame-free environment is to ______.

Accepted Answer

A) require managers to accept all the blame 
B) ensure that all failures are anonymous 
C) communicate clearly what types of failures are acceptable and what types are unacceptable 
D) realize that any type of failure is acceptable 
A) require managers to accept all the blame 
B) ensure that all failures are anonymous 
C) communicate clearly what types of failures are acceptable and what types are unacceptable 
D) realize that any type of failure is acceptable

Question 16

Explain how the ability to pivot can avoid a "big failure."

Accepted Answer

Small failures are unavoidable.Being abl

Question 17

People living in the Caribbean score among the lowest for fear of failure.

Accepted Answer

A) True 
 B)False

Question 18

Once you establish the extent of your fear of failure,which of the following would be a good step toward coping with it?

Accepted Answer

A) Reframe goals so that they are more achievable. 
B) Keep your goals exactly the same. 
C) Reframe goals so they are harder to achieve. 
D) Stop being goal-oriented. 
A) Reframe goals so that they are more achievable. 
B) Keep your goals exactly the same. 
C) Reframe goals so they are harder to achieve. 
D) Stop being goal-oriented.

Question 19

Essential to the idea of intelligent failure is that this sort of failure ______.

Accepted Answer

A) is made only by intelligent people 
B) provides valuable new knowledge 
C) is intentional 
D) has already been experienced by the competition 
A) is made only by intelligent people 
B) provides valuable new knowledge 
C) is intentional 
D) has already been experienced by the competition

Question 20

In the context of experimentation,what is another way to think about the word failure?

Accepted Answer

A) intentional iteration 
B) bad failures 
C) controlled research 
D) unnecessary mistakes 
A) intentional iteration 
B) bad failures 
C) controlled research 
D) unnecessary mistakes

Entrepreneurs may find it especially difficult to separate personal failure from professional failure.

Amy C.Edmondson,professor of leadership and management at Harvard Business School,describes a spectrum for failure that runs from blameworthy to praiseworthy.According to Edmondson,a praiseworthy reason for failure is ______.

The Global Entrepreneurship Monitor report showed that the type of economy in which an entrepreneur is operating is a significant factor in fear of failure rates.

What did CBI Insights find out when analyzing startup postmortems?

In the context of grit,the strength to recover from failure and overcome obstacles in order to persevere toward the achievement of long-term goals is called ______.

According to the text,why do many see failure as the path by which individuals travel to develop into entrepreneurs?

Studies show that individuals who are ______ will go out of their way to avoid failure.

Why did Beepi fail even though it raised over $150 million?

Conscious,highly structured efforts to learn new skills,carried out with an eye on long-term achievement,describes which of the following terms?

With inattention,an entrepreneur becomes sidetracked from the core business.

A CBI Insights study of startup postmortems found that more than 40 percent failed because of process inadequacy.

Describe how a fear of failure affects entrepreneurs,including whether there are any positive aspects to a fear of failure.

The cofounder of Classy Llama,Kurt Theobald,learned from his failures and ______.

The key to building a blame-free environment is to ______.

Explain how the ability to pivot can avoid a "big failure."

People living in the Caribbean score among the lowest for fear of failure.

Once you establish the extent of your fear of failure,which of the following would be a good step toward coping with it?

Essential to the idea of intelligent failure is that this sort of failure ______.

In the context of experimentation,what is another way to think about the word failure?

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Creating Revenue Models

Planning for Entrepreneurs

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

The Pitch Deck

Filters

Exam 11: Anticipating Failure

Entrepreneurs may find it especially difficult to separate personal failure from professional failure.

Amy C.Edmondson,professor of leadership and management at Harvard Business School,describes a spectrum for failure that runs from blameworthy to praiseworthy.According to Edmondson,a praiseworthy reason for failure is ______.

The Global Entrepreneurship Monitor report showed that the type of economy in which an entrepreneur is operating is a significant factor in fear of failure rates.

What did CBI Insights find out when analyzing startup postmortems?

In the context of grit,the strength to recover from failure and overcome obstacles in order to persevere toward the achievement of long-term goals is called ______.

According to the text,why do many see failure as the path by which individuals travel to develop into entrepreneurs?

Studies show that individuals who are ______ will go out of their way to avoid failure.

Why did Beepi fail even though it raised over $150 million?

Conscious,highly structured efforts to learn new skills,carried out with an eye on long-term achievement,describes which of the following terms?

With inattention,an entrepreneur becomes sidetracked from the core business.

A CBI Insights study of startup postmortems found that more than 40 percent failed because of process inadequacy.

Describe how a fear of failure affects entrepreneurs,including whether there are any positive aspects to a fear of failure.

The cofounder of Classy Llama,Kurt Theobald,learned from his failures and ______.

The key to building a blame-free environment is to ______.

Explain how the ability to pivot can avoid a "big failure."

People living in the Caribbean score among the lowest for fear of failure.

Once you establish the extent of your fear of failure,which of the following would be a good step toward coping with it?

Essential to the idea of intelligent failure is that this sort of failure ______.

In the context of experimentation,what is another way to think about the word failure?

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Developing Networks and Building Teams

Creating Revenue Models

Planning for Entrepreneurs

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Financial Statements and Projections for Startups

The Pitch Deck

Filters