Question 1

Conscientiousness:

Accepted Answer

Conscientiousness is characterized by being diligent, organized, and responsible. These traits align with grit's definition of perseverance towards long-term goals despite obstacles or setbacks. Therefore, individuals with high conscientiousness may contribute more to grit because they can work tirelessly towards their objectives.

Question 2

Why would a growth mindset contribute to a person's grit?

Accepted Answer

A growth mindset emphasizes the belief that abilities and intelligence can be developed through hard work and dedication. This compliments grit, which is the ability to persevere in the face of challenges and setbacks. A person with a growth mindset will view failures as opportunities to learn and improve, rather than as evidence of their lack of ability. This desire to continue learning and improving will help a person with a growth mindset to develop greater resilience and perseverance – key components of grit.

Question 3

What is the relationship between a growth mindset and grit?

Accepted Answer

People with a growth mindset believe in the power of effort and persistence to develop their abilities, and they view challenges as opportunities to learn and grow. This mindset fosters grit, as individuals with this outlook are more likely to persevere through obstacles and setbacks. In contrast, people with a fixed mindset may be more likely to give up when faced with challenges because they believe their abilities are limited and cannot be improved through effort. Therefore, a growth mindset is positively correlated with having more grit.

Question 4

Just before delivering the final product to his customer, Tony has trouble concentrating.He completes several less-important tasks rather than work on the product.What might be behind this activity?

Accepted Answer

The fact that Tony is avoiding working on the final product, which is the most important task at the moment, indicates that he might be experiencing fear of failure, a common cause of procrastination among individuals. The completion of less important tasks might be a way of escaping from the stress and anxiety of working on a project that carries higher stakes.

Question 5

Lele just lost a major client.The next day, she made a list of potential new clients and started calling them to set up an introductory meeting.Which of the following characteristics is associated with this action?

Accepted Answer

Lele's action of immediately making a list of potential new clients and reaching out to them shows resilience, which is the ability to bounce back from setbacks or failures. This action demonstrates her determination and persistence in not giving up after losing a major client. Choice B (creativity) and C (learning) may also be associated with this action, but resilience is the best fit. Adaptation (choice D) may not be as relevant since it implies making changes to one's behavior or approach, whereas Lele is actively pursuing new clients through a similar approach as before.

Question 6

The conscientious, highly structured effort to learn new skills, carried out with an eye for long-term achievement, describes which of the following terms:

Accepted Answer

The term "deliberate practice" specifically describes the effort to acquire new skills with a focus on long-term improvement. It involves a structured approach to learning, with clear goals and feedback, and is often characterized by repetition and a willingness to push beyond one's comfort zone. "Deliberate mindset" and "structured learning" are related concepts but do not capture the same level of specificity or emphasis on skill acquisition. "Perseverance" refers more broadly to persistence or determination in the face of challenges and does not necessarily imply a focus on deliberate practice.

Question 7

Excellence refers to which of the following?

Accepted Answer

The answer of Excellence refers to which of the following?
...

Question 8

In studying the life of Abraham Lincoln, what can be said about his personal reaction to failure?

Accepted Answer

Abraham Lincoln is known for his ability to learn from failures and use those experiences to help him achieve greatness. He faced many setbacks throughout his life, including losing multiple elections before becoming the President of the United States. However, he never gave up and continued to learn and grow from his failures. This perseverance and determination are some of the qualities that make him a revered and admired historical figure.

Question 9

Which of the following best defines the term resilience?

Accepted Answer

Resilience refers to the strength to recover from failures and setbacks in order to continue working towards one's goals. It involves bouncing back from adversity and persisting in the face of challenges.

Question 10

Which of the following best defines the term perseverance?

Accepted Answer

Perseverance refers to a sustained effort to achieve a long-term goal, often through deliberate practice and overcoming obstacles along the way. It involves having the resilience to keep going despite setbacks, failures and challenges. Option A can be a part of perseverance but does not define it completely, option B is more related to repetition rather than effort and option D refers to accomplishment in the face of opposition but not specifically related to long-term goals.

Question 11

What, in general, can be said about the failures shared at events such as FAILfaire?

Accepted Answer

FAILfaire events typically focus on sharing and learning from failures. The failures are seen as valuable information that can be used to improve future products or services.

Answer: D 
 While not a common theme of all FAILfaire events, it is important for individuals and organizations to have support when dealing with failure. This can include emotional support, financial support, or other resources to help recover from the failure.

Question 12

People in factor-driven economies have the greatest confidence in starting a business.What might contribute to this confidence?

Accepted Answer

The answer of People in factor-driven economies have the greatest...

Question 13

In spite of multiple failures, an entrepreneur is attending a meeting with a colleague to discuss a new approach in correcting an engineering problem.This is an example of which of the following:

Accepted Answer

This scenario demonstrates grit, which is the perseverance and passion for long-term goals despite obstacles, failures, and setbacks. The entrepreneur's willingness to attend a meeting and discuss a new approach after multiple failures shows determination and resilience. Options A, B, and D are not necessarily applicable, as an individual could exhibit those qualities in various situations.

Question 14

Erik makes sure that a good part of his management is based on activities that will enhance the skills of his founding team and employees.He is always trying to find a better way.What would describe this management approach?

Accepted Answer

Erik's focus on enhancing the skills of his team and employees and his drive to find a better way suggests a commitment to excellence in his management approach.

Question 15

Because of their personalities, entrepreneurs do not experience the emotional pain of failure.

Accepted Answer

While entrepreneurs may have a higher tolerance for risk and may be better equipped to handle failure, they can still experience emotional pain and disappointment when their ventures don't succeed.

Question 16

Why is Abraham Lincoln considered a success when he experienced so many failures?

Accepted Answer

The answer of Why is Abraham Lincoln considered a success...

Question 17

In studying the life of Abraham Lincoln, what can be said about his orientation to others?

Accepted Answer

Throughout his life and presidency, Lincoln was known for his empathy and focus on the needs of others. He helped those around him be successful and was seen as approachable and compassionate. He even appointed political rivals to his cabinet and worked to unite the country during the Civil War.

Question 18

What occurs during a FAILfaire event?

Accepted Answer

During a FAILfaire event, mistakes are shared so that a broader audience of people can learn from them. This includes both the failure itself and the lessons learned from it. It is not about competition or recovery from failure, but about transparency and using failure as an opportunity for growth and improvement. Option C is partially correct but does not fully capture the purpose of a FAILfaire event. Option D is too specific and does not encompass the full scope of the event.

Question 19

Just before a big meeting, you call your friend and tell her that you don't think the presentation will go well.You weren't able to get a good handle on the client's desires, and you just have a bad feeling about it.What might underlie this conversation?

Accepted Answer

You might be trying to lower her expectations in case the presentation doesn't go well, preparing her for a potential negative outcome.

Question 20

What can be learned from the life of Abraham Lincoln?

Accepted Answer

Abraham Lincoln had many different experiences throughout his life, including poverty, self-education, legal practice, and political offices held. These skills and experiences came together to help him become a successful president. Therefore, skills developed from all of one's experiences can combine to support later success.

Quiz 11: Learning From Failure