Question 1

Many entrepreneurs who have failed feel more confident, prepared, and motivated to attempt another startup.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following contributes to an environment that is NOT blame-free?

Accepted Answer

A) holding regular meetings that review problems to discover who was on duty at the time. 
B) focusing on the solution when someone reports a problem 
C) encouraging employees to report a situation that may cause a problem down the road 
D) distinguishing the difference between acceptable and nonacceptable errors 
A) holding regular meetings that review problems to discover who was on duty at the time. 
B) focusing on the solution when someone reports a problem 
C) encouraging employees to report a situation that may cause a problem down the road 
D) distinguishing the difference between acceptable and nonacceptable errors

Question 3

Which of the following contributes to a blame-free environment?

Accepted Answer

A) overturning well-thought-out decisions 
B) treating failures as a regrettable reality 
C) placing a visible poster that encourages people to report problems 
D) communicating failures as a strategic resource 
A) overturning well-thought-out decisions 
B) treating failures as a regrettable reality 
C) placing a visible poster that encourages people to report problems 
D) communicating failures as a strategic resource

Question 4

A pivot would be described as which of the following?

Accepted Answer

A) a difficult situation that changes the nature of your business 
B) the nature of the obstacle that must be overcome to avoid failure 
C) a change in direction in response to a small failure 
D) a catastrophic failure 
A) a difficult situation that changes the nature of your business 
B) the nature of the obstacle that must be overcome to avoid failure 
C) a change in direction in response to a small failure 
D) a catastrophic failure

Question 5

What is the reason that people in innovation-driven economies may be less likely to start a business?

Accepted Answer

A) They do not see potential opportunities. 
B) They have a lower level of education and skills. 
C) The different types of businesses that are introduced into this type of economy. 
D) Lack of entrepreneurial experience. 
A) They do not see potential opportunities. 
B) They have a lower level of education and skills. 
C) The different types of businesses that are introduced into this type of economy. 
D) Lack of entrepreneurial experience.

Question 6

In studying failure around the world, the Global Entrepreneurship Monitor report recognized three economies.Which one of the following represents an economy focused on unskilled labor and natural resources?

Accepted Answer

A) efficiency-driven 
B) factor-driven 
C) people-driven 
D) innovation-driven 
A) efficiency-driven 
B) factor-driven 
C) people-driven 
D) innovation-driven

Question 7

By "fail fast ...but not too fast," entrepreneur Kurt Theobald referred to which of the following?

Accepted Answer

A) learning from failures but not giving up too soon 
B) learning from failures but pacing out the failures 
C)  fail early in the game, then lower your rate of failure 
D) learn from failures but don't fail too many times 
A) learning from failures but not giving up too soon 
B) learning from failures but pacing out the failures 
C)  fail early in the game, then lower your rate of failure 
D) learn from failures but don't fail too many times

Question 8

According to research, what country has the lowest fear of failure?

Accepted Answer

A) Latin America 
B) Kazakhstan 
C) Asia 
D) Europe 
A) Latin America 
B) Kazakhstan 
C) Asia 
D) Europe

Question 9

Which of the following contributes to a blame-free environment?

Accepted Answer

A) clear lines of distinction between founders and employees 
B) treating everyone in the company as equal members 
C) not noticing mistakes when they happen 
D) allowing a few mistakes to take place before investing time in solving them. 
A) clear lines of distinction between founders and employees 
B) treating everyone in the company as equal members 
C) not noticing mistakes when they happen 
D) allowing a few mistakes to take place before investing time in solving them.

Question 10

Which of the following would describe a "business failure"?

Accepted Answer

A) a business that does not meet its financial projections 
B) the termination of a commercial organization due to bankruptcy or liquidation 
C) failure to meet stockholder expectations 
D) a business that is not earning as much as it costs to run the business 
A) a business that does not meet its financial projections 
B) the termination of a commercial organization due to bankruptcy or liquidation 
C) failure to meet stockholder expectations 
D) a business that is not earning as much as it costs to run the business

Question 11

Experimentation is a form of planned failure that is necessary for achieving goals.

Accepted Answer

A) True 
 B)False

Question 12

Dean Shepherd suggests that failure should be seen as a natural part of entrepreneurism; opportunities exist because:

Accepted Answer

A) facts about the business are certain 
B) opportunity is based in uncertainty 
C) failure is a part of everyone's life 
D) the entrepreneur is likely to make many mistakes 
A) facts about the business are certain 
B) opportunity is based in uncertainty 
C) failure is a part of everyone's life 
D) the entrepreneur is likely to make many mistakes

Question 13

Excellence refers to which of the following?

Accepted Answer

A) consistently performing well 
B) committing to activities that enhance skills and achieve improvement 
C) achieving perfection 
D) consistently learning 
A) consistently performing well 
B) committing to activities that enhance skills and achieve improvement 
C) achieving perfection 
D) consistently learning

Question 14

Describe the steps you can take to create a blame-free environment.

Accepted Answer

Clearly define what is and what is not a

Question 15

Once you know that you suffer from fear of failure, which of the following would be a strategy to cope with it?

Accepted Answer

A) keep your goals the same and don't sway off the path 
B) focus your attention on learning instead of achieving 
C) make goals a bit harder so that if you fail there will be more reason for it 
D) think about what others will think about you 
A) keep your goals the same and don't sway off the path 
B) focus your attention on learning instead of achieving 
C) make goals a bit harder so that if you fail there will be more reason for it 
D) think about what others will think about you

Question 16

In studying the life of Abraham Lincoln, what can be said about his personal reaction to failure?

Accepted Answer

A) He learned from all his experiences, making it possible to achieve greatness. 
B) He kept trying new things until he found something that he was good at. 
C) He kept trying new things until the conditions supported his success. 
D) He failed at everything, but we admire him for his grit. 
A) He learned from all his experiences, making it possible to achieve greatness. 
B) He kept trying new things until he found something that he was good at. 
C) He kept trying new things until the conditions supported his success. 
D) He failed at everything, but we admire him for his grit.

Question 17

Why is Abraham Lincoln considered a success when he experienced so many failures?

Accepted Answer

A) He opened up success through others. 
B) In the end, Abraham Lincoln was elected president. 
C) People can relate to someone who failed. 
D) He came from humble beginnings, so his ultimate success was unexpected. 
A) He opened up success through others. 
B) In the end, Abraham Lincoln was elected president. 
C) People can relate to someone who failed. 
D) He came from humble beginnings, so his ultimate success was unexpected.

Question 18

In association with experimentation, what words should be used to reframe the word failure?

Accepted Answer

A) intentional iteration 
B) planned failure 
C) controlled research 
D) mistake 
A) intentional iteration 
B) planned failure 
C) controlled research 
D) mistake

Question 19

Which of the following suggests you have fear of failure?

Accepted Answer

A) You take careful measures to plan your business strategy. 
B) When you fail, you think about how you might have done things differently. 
C) You wonder how a smart person like you could fail. 
D) You tend to tell people that you don't think you are going to succeed. 
A) You take careful measures to plan your business strategy. 
B) When you fail, you think about how you might have done things differently. 
C) You wonder how a smart person like you could fail. 
D) You tend to tell people that you don't think you are going to succeed.

Many entrepreneurs who have failed feel more confident, prepared, and motivated to attempt another startup.

Which of the following contributes to an environment that is NOT blame-free?

Which of the following contributes to a blame-free environment?

A pivot would be described as which of the following?

What is the reason that people in innovation-driven economies may be less likely to start a business?

In studying failure around the world, the Global Entrepreneurship Monitor report recognized three economies.Which one of the following represents an economy focused on unskilled labor and natural resources?

By "fail fast ...but not too fast," entrepreneur Kurt Theobald referred to which of the following?

According to research, what country has the lowest fear of failure?

Which of the following contributes to a blame-free environment?

Which of the following would describe a "business failure"?

Experimentation is a form of planned failure that is necessary for achieving goals.

Dean Shepherd suggests that failure should be seen as a natural part of entrepreneurism; opportunities exist because:

Excellence refers to which of the following?

Describe the steps you can take to create a blame-free environment.

Once you know that you suffer from fear of failure, which of the following would be a strategy to cope with it?

In studying the life of Abraham Lincoln, what can be said about his personal reaction to failure?

Why is Abraham Lincoln considered a success when he experienced so many failures?

In association with experimentation, what words should be used to reframe the word failure?

Which of the following suggests you have fear of failure?

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

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

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

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Exam 11: Learning From Failure

Many entrepreneurs who have failed feel more confident, prepared, and motivated to attempt another startup.

Which of the following contributes to an environment that is NOT blame-free?

Which of the following contributes to a blame-free environment?

A pivot would be described as which of the following?

What is the reason that people in innovation-driven economies may be less likely to start a business?

In studying failure around the world, the Global Entrepreneurship Monitor report recognized three economies.Which one of the following represents an economy focused on unskilled labor and natural resources?

By "fail fast ...but not too fast," entrepreneur Kurt Theobald referred to which of the following?

According to research, what country has the lowest fear of failure?

Which of the following contributes to a blame-free environment?

Which of the following would describe a "business failure"?

Experimentation is a form of planned failure that is necessary for achieving goals.

Dean Shepherd suggests that failure should be seen as a natural part of entrepreneurism; opportunities exist because:

Excellence refers to which of the following?

Describe the steps you can take to create a blame-free environment.

Once you know that you suffer from fear of failure, which of the following would be a strategy to cope with it?

In studying the life of Abraham Lincoln, what can be said about his personal reaction to failure?

Why is Abraham Lincoln considered a success when he experienced so many failures?

In association with experimentation, what words should be used to reframe the word failure?

Which of the following suggests you have fear of failure?

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

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

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