Entrepreneurship 3310 Ortega Chapter
11 Exam And Actual Answers.
Deviance - Answer A situation where an entrepreneur defies legal and ethical boundaries
leading to mismanagement of the venture
Exploratory Experimentation - Answer A method whereby market tests are conducted to get
early feedback and acquire important learning and information
Grit - Answer The quality that enables people to work hard and sustain interest in their long-
term goals
Inattention - Answer A condition whereby an entrepreneur becomes sidetracked from the
core business
Intelligent Failures - Answer A way of describing failures that provide valuable new knowledge
that can help a startup innovate and stride ahead of its competition
Lack of Ability - Answer The lack of skillset to get the job done
Pivot - Answer A quick reaction and sometimes a change in direction
Process Inadequacy - Answer The wrong (or lack of) processes set up in the organization
causing communication breakdown
Uncertainty - Answer The lack of clarity about future events that can cause entrepreneurs to
take unreasonable actions
11 Exam And Actual Answers.
Deviance - Answer A situation where an entrepreneur defies legal and ethical boundaries
leading to mismanagement of the venture
Exploratory Experimentation - Answer A method whereby market tests are conducted to get
early feedback and acquire important learning and information
Grit - Answer The quality that enables people to work hard and sustain interest in their long-
term goals
Inattention - Answer A condition whereby an entrepreneur becomes sidetracked from the
core business
Intelligent Failures - Answer A way of describing failures that provide valuable new knowledge
that can help a startup innovate and stride ahead of its competition
Lack of Ability - Answer The lack of skillset to get the job done
Pivot - Answer A quick reaction and sometimes a change in direction
Process Inadequacy - Answer The wrong (or lack of) processes set up in the organization
causing communication breakdown
Uncertainty - Answer The lack of clarity about future events that can cause entrepreneurs to
take unreasonable actions
