MHR 322 Exam 2026 Questions and
Answers
Why is Entrepreneurship Important - Correct answer-- Job creation, dynamic
economy, innovations to consumers at scale, career paths are more dynamic, firms
are looking to become more innovative
Syllabus - Correct answer--no credit for late assignments
-students are generally allowed one make-up assignment to obtain partial credit for
a late submission
a) submit a request for make up assignment
b) submit the make-up assignment, including the coverpage by the deadline
assigned by the instructor
c) receive a passing grade on the make-up assignment
d) student excuse: if the circumstances were both unpredictable and beyond your
control, then you have the right to an accommodation
T-shirt Project - Correct answer--no individual may purchase more than 3 shirts
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,-don't sell on university property without permission
Entrepreneurship A - Correct answer--is not a set of personal traits or
characteristics
-is a way of thinking and behaving
-entrepreneurs are agents of change
-pursuing an opportunity is a process that can be learned and practiced
Carl Bartz CEO of AutoDesk - Correct answer-- Bachelor's degree in CS at UW-
Madison
-wasn't about making money, love what you do
do what you like and combine with taking risks
-"Entrepreneurs do what they like and are very smart and flexible people"
David Friedberg - Correct answer--culture of risk taking
just being an entrepreneur does not make one a rockstar
- don't start a start up for the financial reward
"The Rockstar" = false premise
- probability = 0.0006% of wealth creation 1B+
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,**Not necessarily a bad thing by starting at a big company, but personal ideas may
not be aligned with company idea
a) ability to make an impact
b) leverage a scaled platform
c) more resources, more support
*However:
- misalignment can dominate
-scale can constrain
-resources cant be recruited
Bill Green - Correct answer--we miss that entrepreneurship in business for profit is
a form of social responsibility
-seeing the world differently and implementing that vision and then putting it into
circulation so society can get better
-entrepreneurship is full of hope but its also grounded in realism: build what people
want
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, -the enterprise needs to be sustainable - able to walk by itself
A Student's Guide to Startups - Correct answer--The best place to work if you want
to start a startup is probably a startup
-The problem with starting a startup while you're still in college is that there's a
built in escape hatch
-As a young founder, your strengths are: Stamina, Poverty, Rootlessness,
Colleagues and Ignorance
a) college is a good place to find a cofounder
b) ignorance is useful in starting start ups because you're capable of more than you
realize
There seems to be two big things missing in class projects - Correct answer-1) an
iterative definition of a real problem
2) Intensity
*class projects are mostly about implementation, which is the least of your
problems in a startup
**in technology, the difficulty is compounded by the fact that real startups tend to
discover the problem they're solving by a process of evolution
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
Answers
Why is Entrepreneurship Important - Correct answer-- Job creation, dynamic
economy, innovations to consumers at scale, career paths are more dynamic, firms
are looking to become more innovative
Syllabus - Correct answer--no credit for late assignments
-students are generally allowed one make-up assignment to obtain partial credit for
a late submission
a) submit a request for make up assignment
b) submit the make-up assignment, including the coverpage by the deadline
assigned by the instructor
c) receive a passing grade on the make-up assignment
d) student excuse: if the circumstances were both unpredictable and beyond your
control, then you have the right to an accommodation
T-shirt Project - Correct answer--no individual may purchase more than 3 shirts
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,-don't sell on university property without permission
Entrepreneurship A - Correct answer--is not a set of personal traits or
characteristics
-is a way of thinking and behaving
-entrepreneurs are agents of change
-pursuing an opportunity is a process that can be learned and practiced
Carl Bartz CEO of AutoDesk - Correct answer-- Bachelor's degree in CS at UW-
Madison
-wasn't about making money, love what you do
do what you like and combine with taking risks
-"Entrepreneurs do what they like and are very smart and flexible people"
David Friedberg - Correct answer--culture of risk taking
just being an entrepreneur does not make one a rockstar
- don't start a start up for the financial reward
"The Rockstar" = false premise
- probability = 0.0006% of wealth creation 1B+
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,**Not necessarily a bad thing by starting at a big company, but personal ideas may
not be aligned with company idea
a) ability to make an impact
b) leverage a scaled platform
c) more resources, more support
*However:
- misalignment can dominate
-scale can constrain
-resources cant be recruited
Bill Green - Correct answer--we miss that entrepreneurship in business for profit is
a form of social responsibility
-seeing the world differently and implementing that vision and then putting it into
circulation so society can get better
-entrepreneurship is full of hope but its also grounded in realism: build what people
want
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, -the enterprise needs to be sustainable - able to walk by itself
A Student's Guide to Startups - Correct answer--The best place to work if you want
to start a startup is probably a startup
-The problem with starting a startup while you're still in college is that there's a
built in escape hatch
-As a young founder, your strengths are: Stamina, Poverty, Rootlessness,
Colleagues and Ignorance
a) college is a good place to find a cofounder
b) ignorance is useful in starting start ups because you're capable of more than you
realize
There seems to be two big things missing in class projects - Correct answer-1) an
iterative definition of a real problem
2) Intensity
*class projects are mostly about implementation, which is the least of your
problems in a startup
**in technology, the difficulty is compounded by the fact that real startups tend to
discover the problem they're solving by a process of evolution
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
