Entrepreneurship Question Bank - 130 Verified Questions

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Entrepreneurship Question Bank

Course Introduction

Entrepreneurship explores the process of identifying, evaluating, and developing new business opportunities in dynamic markets. Students learn about the fundamentals of startup creation, including opportunity recognition, business model development, resource mobilization, and risk management. The course also emphasizes critical skills such as creative problem-solving, innovation, leadership, and effective communication, equipping learners to launch and manage successful ventures or drive entrepreneurial initiatives within established organizations. Through case studies, interactive projects, and real-world examples, students gain practical insights into the entrepreneurial mindset and the key challenges faced by entrepreneurs.

Recommended Textbook

Creative Approaches to Problem Solving 3rd Edition by Scott G. Isaksen

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11 Chapters

130 Verified Questions

130 Flashcards

Source URL: https://quizplus.com/study-set/3040 Page 2

Chapter 1: Creative Approaches to Problem Solving

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10 Verified Questions

10 Flashcards

Source URL: https://quizplus.com/quiz/60438

Sample Questions

Q1) Four basic elements of creative thinking are:

A)fluency, flexibility, originality, and elaboration.

B)imagination, fantasy, discovery, and inventiveness.

C)preparation, incubation, illumination, and verification.

D)comprehension, analysis, synthesis, and evaluation.

Answer: A

Q2) Which statement is true about the relationship between innovation and creativity:

A)You can't have one without the other.

B)You can't have creativity without innovation.

C)They are separate and unrelated concepts.

D)You can't have innovation without creativity.

Answer: D

Q3) How are the criteria, logical, useful, and valuable related to creativity?

A)They are criteria in the same dimension of Besemer's product categories.

B)They are criteria representing all three of Besemer's product dimensions.

C)They are criteria for critical thinking in creative process.

D)They are negatively related to the concept of creativity.

Answer: A

To view all questions and flashcards with answers, click on the resource link above.

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Chapter 2: Creative Problem Solving

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12 Verified Questions

12 Flashcards

Source URL: https://quizplus.com/quiz/60437

Sample Questions

Q1) Affirmative judgment involves:

A)Telling the best reasons for opposing peoples' ideas or plans.

B)Working constructively to improve or strengthen options.

C)Politely pointing out why some new ideas won't work.

D)Voting on which ideas are best.

Answer: B

Q2) CPS is a framework that was created and developed

A)In the mid-1990's by an eccentric computer geek.

B)Through more than five decades of work.

C)By the military during World War II for officer training.

D)By a university-based team of engineers and psychologists.

Answer: B

Q3) Why are the CPS stages divided into four main components?

A)To make CPS move faster.

B)To help groups work in a more creative way.

C)Because people only remember three steps.

D)To represent a natural and flexible approach to solving problems creatively.

Answer: D

To view all questions and flashcards with answers, click on the resource link above.

Chapter 3: Understanding the Challenge

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17 Verified Questions

17 Flashcards

Source URL: https://quizplus.com/quiz/60436

Sample Questions

Q1) Which of these is important to remember in developing a good problem statement?

A)Contains criteria to limit ideas that would not be appropriate.

B)Worded so it invites many ideas.

C)Always begins, "What's the best way to...."

D)Never uses broad, general verbs.

Answer: B

Q2) Which statement is true about Exploring Data?

A)It's concerned with the known, not the unknown.

B)It doesn't deal with your feelings or emotions.

C)It's used to determine which facts about the task are correct.

D)It involves information, feelings, impressions, observations, and questions.

Answer: D

Q3) The major purpose of Framing Problems is to:

A)Generate many ideas to solve the problem.

B)Analyze solutions to find the best one.

C)Review past efforts to solve the Problem.

D)Find or create a targeted, open-ended and invitational question.

Answer: D

To view all questions and flashcards with answers, click on the resource link above. Page 5

Chapter 4: Generating Ideas

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15 Verified Questions

15 Flashcards

Source URL: https://quizplus.com/quiz/60435

Sample Questions

Q1) Which sequence of generating tools progresses from more developmental to more exploratory in the type of options produced:

A)SCAMPER, Brainwriting, Asking How or How Else.

B)Morphological Matrix, Brainstorming, Imagery Trek.

C)Imagery Trek, VIR, Forced Fitting.

D)Brainstorming, Brainwriting, Forced Fitting.

Q2) Which of the following groups includes only Generating Tools:

A)Forced fitting, morphological matrix, SCAMPER.

B)Affirmative judgment, brainstorming, attribute listing..

C)Evaluation matrix, morphological matrix, ALUo.

D)Fluency, flexibility, originality, and elaboration.

Q3) When Generating Ideas, effective problem solvers are those who:

A)Think of and state at least 100 ideas.

B)Find the really good ideas by discussing each one as it is given.

C)Let ideas flow naturally and make new connections.

D)Focus on a few good ideas, not lots of ordinary ones.

To view all questions and flashcards with answers, click on the resource link above. Page 6

Chapter 5: Preparing for Action

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19 Verified Questions

19 Flashcards

Source URL: https://quizplus.com/quiz/60434

Sample Questions

Q1) Developing Solutions can best be described as the:

A)They are used to analyze, refine, develop, or select promising ideas or solutions.

B)They are alternative ways to brainstorm.

C)They help you to come up with many, varied, or unusual options.

D)They are tools that Developers are better than Explorers at using.

Q2) The major purpose of Building Acceptance is:

A)Planning to carry out promising solutions.

B)Eliminate other peoples' objections.

C)Convince others your first idea was best.

D)Find new problem-solving opportunities.

Q3) Which choice is true about Building Acceptance?

A)In the last stage, there's no need to generate.

B)If time is limited, it's dropped so there will be more time to brainstorm for ideas.

C)If you have one really good solution, it's not necessary to use this step.

D)It helps you plan your actions very carefully to get the best chance of success.

To view all questions and flashcards with answers, click on the resource link above.

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Chapter 6: Planning Your Approach to CPS

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10 Verified Questions

10 Flashcards

Source URL: https://quizplus.com/quiz/60433

Sample Questions

Q1) We describe Planning Your Approach as a "management" component because:

A)It is intended for use primarily by middle and upper level managers.

B)It defines the CPS steps in a precise and orderly sequence.

C)It guides you in overseeing, directing, and monitoring your CPS efforts.

D)It tells you how to manage personnel and budget decisions for a project.

Q2) Which statement is true regarding problem ownership?

A)Problems are often assigned to you without regard for ownership.

B)Ownership involves "selling" your preferred solution to your team.

C)For many problems, ownership rests outside the group trying to solve them.

D)Ownership involves authority and opportunity to take action.

Q3) Which element of the Planning Your Approach component involves determining whether CPS is appropriate for a certain task?

A)Context Assessment.

B)Designing Process.

C)Appraising Tasks.

D)Process Skills Evaluation.

To view all questions and flashcards with answers, click on the resource link above.

8

Chapter 7: People As Creative Problem Solvers

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10 Verified Questions

10 Flashcards

Source URL: https://quizplus.com/quiz/60432

Sample Questions

Q1) How are diversity, ownership, and task expertise related in Appraising Tasks:

A)The group should begin by prioritizing these three factors to ensure that they can focus and direct their efforts productively.

B)For most problems. task expertise is more important than diversity or ownership.

C)All three influence your decisions about using CPS and about how to apply the process.

D)Ownership and task expertise may be less important than diversity for CPS in some organizations that have historically lacked racial and ethnic diversity.

Q2) Explorers differ from Developers when defining creative products in that:

A)Explorers use vague, general standards, while Developers are very specific.

B)Explorers use different criteria for every task, but Developers use the same criteria for all tasks.

C)Developers aren't really concerned with creativity in their products.

D)Developers emphasize usefulness more than novelty, and Explorers place more emphasis on novelty.

To view all questions and flashcards with answers, click on the resource link above.

Chapter 8: The Context for CPS

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10 Verified Questions

10 Flashcards

Source URL: https://quizplus.com/quiz/60431

Sample Questions

Q1) How does history affect the Context when Appraising Tasks?

A)Adds to the time required to complete the task because some individuals focus too much on past history or old events.

B)Helps you to be aware of potentially important background interpretations, attitudes, and concerns.

C)Guides you in not repeating recommendations that have been made before or not "reinventing the wheel."

D)Provides valuable information about people to avoid placing in the CPS group.

Q2) Blocks and barriers to creativity are:

A)Internal and external factors that effective problem solvers learn to reduce or manage.

B)Inevitable factors that crush creative efforts in most groups.

C)Usually the result of lack of creative ability among group members.

D)Social pressures that result from rigid values.

Q3) Debate and conflict are:

A)Terms that are essentially synonymous.

B)Both conducive to creativity in organizations.

C)Both destructive to creativity in organizations.

D)Climate factors that influence organizational creativity in different ways.

To view all questions and flashcards with answers, click on the resource link above.

Chapter 9: The Role of Content

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8 Verified Questions

8 Flashcards

Source URL: https://quizplus.com/quiz/60430

Sample Questions

Q1) The Content dimension of Appraising Tasks:

A)Is the most important dimension because it is the foundation for the others.

B)Determines whether CPS is more appropriate than other methods for the task.

C)Deals primarily with facts that can be established and verified.

D)Is one of four dimensions that work together in the overall CPS system.

Q2) Which are important variables to consider when examining the Content dimension:

A)Facts, hypotheses, and research questions.

B)Novelty needed; breadth and depth of impact; key leverage points.

C)Novelty, amount of structure, and manner of processing.

D)Leverage points, informed supporters, and sources of authority.

Q3) Which two factors help you to identify key leverage points for applying CPS?

A)Time and People.

B)Opportunities and Challenges.

C)Supports and Distractions.

D)Capability and Importance.

Q4) Overemphasis on Process in the CPS system can lead to:

A)Initial enthusiasm followed by less of interest from lack of progress.

B)Sustained positive relationships and motivation for task completion.

C)Increased appreciation for the importance and value of process.

D)Preventing the group from focusing too much on minor details.

To view all questions and flashcards with answers, click on the resource link above. Page 11

Chapter 10: CPS As a Change Method

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7 Verified Questions

7 Flashcards

Source URL: https://quizplus.com/quiz/60429

Sample Questions

Q1) Which statement is true about the way people respond to the experience of change:

A)People may be enthusiastic, uncertain, or threatened.

B)People are usually threatened by and resistant to change.

C)Most people embrace change if they accept that it is inevitable.

D)Most people resist change, but a small number embrace it enthusiastically.

Q2) Being deliberate and explicit in choosing a change Method has which benefit:

A)Helps you to avoid using the wrong approach or placing too much emphasis on process rather than content.

B)Supports intentional, purposeful decision making that balances content and process.

C)Ensures value consistency among people you select to work on the task.

D)Supports both qualitative and quantitative analysis methods.

Q3) CPS is best considered for tasks that have these characteristics:

A)Tasks that are clearly defined with little ambiguity and a single "best solution."

B)Tasks that are complex, open-ended, and call for novel solutions.

C)Tasks that are ill-defined but probably have an existing, known solution.

D)Tasks that can be broken down into well-structured, single-solution challenges.

To view all questions and flashcards with answers, click on the resource link above. Page 12

Chapter 11: Designing Your Way Through CPS

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12 Verified Questions

12 Flashcards

Source URL: https://quizplus.com/quiz/60428

Sample Questions

Q1) The major role of the resource group when Exploring Data is:

A)Sit quietly and listen to the data presented by the client.

B)Tell the client which data are really important.

C)Understand the situation and help the client look at the task in many ways.

D)To bring their own related data into the task.

Q2) Which CPS process component focuses primarily on production of many, varied, or unusual options for solving a problem?

A)Understanding the Challenge.

B)Preparing For Action.

C)Generating Ideas.

D)Brainstorming.

Q3) The person who has responsibility for taking action on a problem, the manager of process choices and interactions, and the people who participate actively in generating options in a group are, respectively:

A)The leader, the teacher, and the students.

B)The client, the facilitator, and the resource group.

C)The target, the guide, and the productive thinkers.

D)The facilitator, the resource person, and the clients.

To view all questions and flashcards with answers, click on the resource link above.

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