ENTR 2030 - TEST 4 PART 2 QUESTIONS
What behavior is at the top of the failure spectrum? - Answers -deviance
Pedro just learned that a competitor to his fast-food restaurant is opening up. Pedro
responds by revising his menu to include more ethnic specialties and starts a customer
loyalty club that gives free drinks for every five visits. This is an example of which of the
following? - Answers -a pivot
Failure as a result of the wrong procedures being set up in the organization so
communication breaks down among employees and things begin to fall through the
cracks is known as _______________. - Answers -process inadequacy
Sasha developed a new technology for cordless charging of cellphones and other
devices, but she misled her investors about the cost of producing the new chargers and
the number of units she could supply. Which of the following would be the likely cause
of failure? - Answers -deviance
After Pharrell Williams' album failed, what mistake did he make? - Answers -he blamed
everyone but himself
Once you establish the extent of your fear of failure, which of the following would be a
good step to cope with it? - Answers -try to suppress your fear
According to The Global Entrepreneurship Monitor report, which area of the world has
the lowest fear of failure? - Answers -Africa
According to The Global Entrepreneurship Monitor report, the fear of failure in the
United States is higher than which region? - Answers -Latin America
In studying failure around the world, The Global Entrepreneurship Monitor report
recognized three types of economies. Which one of the following represents an
economy focused on unskilled labor and natural resources? - Answers -factor-driven
What economic environment is associated with the highest entrepreneurial self-
perceptions (feeling they could start a business)? - Answers -factor-driven
What economic environment is associated with the lowest entrepreneurial self-
perceptions (feeling they could start a business)? - Answers -innovation-driven
The United States in an example of a(n) ______. - Answers -innovation-driven
economy
What behavior is at the top of the failure spectrum? - Answers -deviance
Pedro just learned that a competitor to his fast-food restaurant is opening up. Pedro
responds by revising his menu to include more ethnic specialties and starts a customer
loyalty club that gives free drinks for every five visits. This is an example of which of the
following? - Answers -a pivot
Failure as a result of the wrong procedures being set up in the organization so
communication breaks down among employees and things begin to fall through the
cracks is known as _______________. - Answers -process inadequacy
Sasha developed a new technology for cordless charging of cellphones and other
devices, but she misled her investors about the cost of producing the new chargers and
the number of units she could supply. Which of the following would be the likely cause
of failure? - Answers -deviance
After Pharrell Williams' album failed, what mistake did he make? - Answers -he blamed
everyone but himself
Once you establish the extent of your fear of failure, which of the following would be a
good step to cope with it? - Answers -try to suppress your fear
According to The Global Entrepreneurship Monitor report, which area of the world has
the lowest fear of failure? - Answers -Africa
According to The Global Entrepreneurship Monitor report, the fear of failure in the
United States is higher than which region? - Answers -Latin America
In studying failure around the world, The Global Entrepreneurship Monitor report
recognized three types of economies. Which one of the following represents an
economy focused on unskilled labor and natural resources? - Answers -factor-driven
What economic environment is associated with the highest entrepreneurial self-
perceptions (feeling they could start a business)? - Answers -factor-driven
What economic environment is associated with the lowest entrepreneurial self-
perceptions (feeling they could start a business)? - Answers -innovation-driven
The United States in an example of a(n) ______. - Answers -innovation-driven
economy
