Question 1

Warren likes to debrief after an event by thinking about the skills and knowledge gained from the experience and if anything learned relates to anything heard about before.He also likes to focus on what went well and what went badly.Warren likes to use ______.

Accepted Answer

Warren's approach to debriefing involves analyzing the skills and knowledge gained from the experience, and reflecting on what went well and what went badly, indicating that he uses analytical reflection as his preferred method.

Question 2

Vedika is an entrepreneur who embraces the method approach.She

Accepted Answer

The question states that Vedika embraces the method approach. This means that she values a structured and systematic approach to problem-solving. Option A suggests that she is open to learning and collaboration, which aligns with a method approach as it often involves working with others and gathering information to generate solutions. Option B emphasizes completion, planning, and prediction, which may be important elements of a method approach, but it doesn't address Vedika's willingness to work with others. Option C suggests that Vedika has already predicted outputs and likes to plan before collaborating, which may not always be feasible in a dynamic business environment. Finally, option D suggests that Vedika is analytical and unpredictable, which is not necessarily indicative of someone who embraces the method approach.

Question 3

Paula gave an online presentation to the executive committee yesterday.She likes to focus on the skills and knowledge gained from the experience.Paula likes to use ______.

Accepted Answer

Analytical reflection involves analyzing the experience and focusing on the skills and knowledge gained, which aligns with Paula's approach in the presentation. Narrative reflection involves telling a story, emotional reflection focuses on feelings, and perceptive reflection involves considering different perspectives.

Question 4

Terry is an entrepreneur who embraces the process approach.He ______.

Accepted Answer

The answer of Terry is an entrepreneur who embraces the...

Question 5

Paula gave an online presentation to the executive committee yesterday.She debriefs after the presentation by considering her part played in the presentation and the approach she took, what else might have been done, what was learned about the experience, what questions she has and what needs to be considered as a result.Paula likes to use ______.

Accepted Answer

The answer of Paula gave an online presentation to the...

Question 6

The skill of creativity ______.

Accepted Answer

The skill of creativity requires a general openness to the world, which means being receptive to different ideas and perspectives. Being creative allows us to unleash our creative ability to create and find opportunities and solve problems.

Question 7

Bob, a novice entrepreneur, and Bill, an experienced entrepreneur ______.

Accepted Answer

The method approach can be used by both novice and experienced entrepreneurs, as it involves systematic processes that can be applied regardless of experience level.

Question 8

Warren likes to focus on how he felt while making a presentation and how he managed his nervousness, anxiety, and the pressure.Warren likes to use ______.

Accepted Answer

Emotional reflection involves focusing on one's feelings and emotions during a specific experience or situation. This is exactly what Warren likes to do when reflecting on his presentation. He focuses on his nervousness, anxiety, and pressure, which all fall under the category of emotions. Thus, the best choice is B) emotional reflection.

Question 9

Paula gave an online presentation to the executive committee yesterday.She debriefs by focusing on her perceptions and reactions as well as those of others.Paula likes to use ______.

Accepted Answer

The answer of Paula gave an online presentation to the...

Question 10

The approach that includes identifying an opportunity, understanding resource requirements, acquiring resources, planning, implementing, and harvesting is ______.

Accepted Answer

The process approach involves identifying an opportunity, understanding resource requirements, acquiring resources, planning, implementing, and harvesting.

Question 11

Warren likes to debrief after an event by considering the part played in the presentation and the approach taken, what else might have been done, what was learned about the experience, what questions he has, and what needs to be considered as a result.Warren likes to use ______.

Accepted Answer

Warren's approach involves considering ways to improve and learning from the experience, which aligns with the principles of critical reflection. Reflective reflection may be a similar approach but does not necessarily imply the focus on improvement and learning. Perceptive and analytical reflection do not accurately capture the multifaceted nature of Warren's approach.

Question 12

Warren likes to focus on his perceptions and reactions as well as the perceptions and reactions of others and how different viewpoints, needs, or preferences affected the experience.Warren likes to use ______.

Accepted Answer

Perceptive reflection involves focusing on perceptions and reactions, including those of others, and understanding how different viewpoints, needs, or preferences affect experiences.

Question 13

Paula gave an online presentation to the executive committee yesterday.She debriefs after the presentation by reflecting on how she felt during the presentation and how she managed her stress.Paula likes to use ______.

Accepted Answer

Emotional reflection involves reflecting on one's emotions and feelings during a particular experience. In this scenario, Paula is reflecting on how she felt during her presentation, making emotional reflection the best choice. Narrative reflection involves telling a story about an experience, perceptive reflection involves analyzing the experience from different perspectives, and analytical reflection involves breaking down the experience into smaller parts to better understand it. While these other types of reflection can be useful in certain situations, they are not the best fit for this scenario.

Question 14

Lonnie is an entrepreneur who embraces the method approach.He ______.

Accepted Answer

The method approach is characterized by having a set of practices, being creative, investing in learning, and having a collaborative style. Lonnie embraces this approach, which aligns with option A. Option B describes the traditional business approach or the "lean startup" method. Option C has some similarities to the method approach, but the mention of "predicted outputs" suggests a more rigid approach to entrepreneurship that does not align with Lonnie's methodology. Option D is too broad and does not provide enough detail to understand Lonnie's approach.

Question 15

Warren likes to debrief after an event by describing what happened, considering what took place, what was said, and who was involved.Warren likes to use ______.

Accepted Answer

Narrative reflection involves recounting events, describing what happened, what was said, and who was involved, which aligns with Warren's approach to debriefing.

Question 16

Paula gave an online presentation to the executive committee yesterday.She likes to debrief by focusing on what went well and what went badly.Paula likes to use ______.

Accepted Answer

Critical reflection involves analyzing a situation to identify what went well and what could have been improved. This process aligns with Paula's debriefing style, as she wants to focus on both the positives and negatives of her presentation. Option A (narrative reflection) involves telling a story and reflecting on it, but does not necessarily lead to identifying specific areas for improvement. Option B (emotional reflection) involves reflecting on one's emotions in a situation, which may not be as helpful for debriefing a presentation. Option D (analytical reflection) involves examining a situation in detail, but may not be as focused on identifying specific areas for improvement as critical reflection.

Question 17

Which of the following are true statements? 1) "The practice of experimentation and practice of reflection are the same thing."
2) "The practice of play is the same thing as the skill of play."
3) "The practice of reflection is independent from experimentation, play, creativity, and empathy.
4) "Practice of reflection requires the practices of narrative, emotional reflection, and perceptive reflection."

Accepted Answer

Statement 1 is false because experimentation and reflection are two different practices. Statement 2 is partially true because the practice of play can contribute to the skill of play but is not the same thing as the skill itself. Statement 3 is false because reflection is often intertwined with experimentation, play, creativity, and empathy. Statement 4 is true because the practice of reflection involves exploring one's experiences through a combination of narrative, emotional, and perceptive reflection. Therefore, the best choice is D.

Question 18

The first three traditional steps of an entrepreneurship process include which of the following? 1.think of an idea
2)get financing
3)do market research
4)get some financial projections
5)find a partner

Accepted Answer

The answer of The first three traditional steps of an...

Question 19

The approach as a body of skills or practices that together comprise a toolkit for entrepreneurial action is ______.

Accepted Answer

The method approach refers to a set of skills and practices that entrepreneurs use as a toolkit for taking entrepreneurial action.

Question 20

The last three traditional steps of an entrepreneurship process include which of the following? 1.think of an idea
2)get financing
3)find space, build a prototype, hire people to do market research
4)bring your product/service to market
5)manage the business
6)plan an exit

Accepted Answer

The last three traditional steps of entrepreneurship process are to bring the product or service to the market, manage the business, and plan an exit. Option A is incorrect because getting financing, finding space, building a prototype, and hiring people to do market research are not the last three steps. Similarly, option B is incorrect because managing the business is not one of the last three steps. Option D is incorrect because thinking of an idea is the first step, not the last three steps. Thus, the correct answer is C.

Quiz 2: Practicing Entrepreneurship