Question 1

John thinks that a mindset refers to a view that one's talents and abilities comprise a set of traits. This is an example of ____________.&#10;A) A growth mindset.&#10;B) A fixed mindset.&#10;C) A status report.&#10;D) Creative thinking.

Accepted Answer

John's belief that one's talents and abilities are fixed traits is an example of a fixed mindset, where individuals believe their abilities are predetermined and cannot be changed. On the other hand, a growth mindset (A) is the belief that one's abilities can be developed and improved through hard work, dedication, and learning. A status report (C) is a document that provides an update on a project's progress, while creative thinking (D) refers to the ability to generate unique and original ideas.

Question 2

Which of the following is not a theme that emerged in the study of entrepreneurial passion?&#10;A) The content of passion is an intense positive emotion.&#10;B) The empirical referents or objects of passion usually involve venture-related opportunities,&#10;C) tasks, or activities.&#10;D) Passion has a motivational effect that stimulates entrepreneurs to overcome obstacles&#10;E) and remain engaged.&#10;F) Risk propensity is similar to entrepreneurial passion.

Accepted Answer

Risk propensity is not a theme that emerged in the study of entrepreneurial passion; rather it is a separate construct that relates to an individual's willingness to take risks. The other themes listed (intense positive emotion, venture-related referents, motivational effect, and persistence) are all associated with entrepreneurial passion.

Question 3

Some authors argue that entrepreneurs are motivated to start their own ventures because they are willing to remain in control of their own destiny, to be their own bosses. Based on this assumption, one may say that entrepreneurs tend to be motivated by _______.

A) The need for achievement.
B) The need for affiliation.
C) The need for power.
D) The need for self-actualization.

C

Accepted Answer

The need for power refers to the desire to control and influence others, which can be seen in the desire of entrepreneurs to be their own bosses and control their own destiny. The other options, such as the need for achievement, affiliation, or self-actualization, do not directly align with the desire for control and power that motivates many entrepreneurs.

Question 4

Which of the following is true about goal setting theory?&#10;A) Inspirational and impossible goals tend to motivate people.&#10;B) Vague goals tend to motivate people.&#10;C) Goals that are specific tend to motivate people.&#10;D) Easy goals are effective motivators of human behavior.

Accepted Answer

Goal setting theory states that goals that are specific and challenging tend to motivate people more effectively than vague or easy goals. Inspirational and impossible goals may actually decrease motivation as they seem unattainable.

Question 5

One of the key assumptions of goal setting theory is the relationship between the difficulty of the goal and employee performance. However, the theory also states that goals that are impossible to realize tend to discourage employees. Therefore, there exists an optimal level at which the difficulty of the goal would effectively lead to a maximum level of performance. According to goal setting theory, the highest level performance is reached when goals are set at which level?

A) Inspirational and impossible.
B) Easily attainable.
C) Difficult but attainable.
D) Do what you can.

Accepted Answer

According to goal setting theory, the highest level of performance is reached when goals are set at a difficult but attainable level. Goals that challenge employees but are still achievable can motivate them to increase their effort and persist in their efforts to achieve the goal. However, if the goal is too easy, there may not be enough motivation to perform at a high level, and if the goal is impossible, it can lead to frustration and discouragement.

Question 6

The desire to excel in what one does best is known as ____________.&#10;A) Self-efficacy.&#10;B) Passion.&#10;C) Autonomy.&#10;D) Need for achievement.

Accepted Answer

The desire to excel and succeed in one's area of expertise or task is known as the need for achievement. This refers to the motivation individuals have to strive for success and to take on challenging tasks in order to demonstrate their competence and expertise. Options A, B and C are related to motivation but do not specifically refer to the desire to excel in one's field of interest. Self-efficacy is the belief in one's own abilities to achieve certain goals, passion refers to a strong emotion or attachment to something, and autonomy refers to having control or decision-making power over one's own work or life.

Question 7

Mary is convinced that she has the skills and dedication to become an effective social entrepreneur. Mary's attitude can best be described as ___________.&#10;A) Self-efficacy.&#10;B) Passion.&#10;C) Autonomy.&#10;D) Alertness.

Accepted Answer

Mary's attitude is best described as self-efficacy, which refers to an individual's belief in their ability to successfully execute their desired course of action. Mary believes she has the skills and dedication to become a successful social entrepreneur, indicating a high level of self-efficacy. Passion, autonomy, and alertness are also important attitudes for social entrepreneurship, but they do not best describe Mary's attitude in this particular scenario.

Question 8

The tendency for entrepreneurs to take responsibility for pursuing an opportunity that did not exist before can be referred to as ___________.&#10;A) Self-efficacy.&#10;B) Passion.&#10;C) Autonomy.&#10;D) Alertness.

Accepted Answer

The answer of The tendency for entrepreneurs to take responsibility...

Question 9

Sue thinks that an entrepreneurial mindset refers to a view that one's abilities can be developed through effort, dedication, and hard work. Which of the following is consistent with Sue's view of the entrepreneurial mindset?

A) Growth mindset.
B) Fixed mindset.
C) Status report.
D) Creative thinking.

Accepted Answer

Sue's view aligns with the concept of a growth mindset, which is the belief that intelligence and abilities are not fixed but can be developed through effort and hard work.

Question 10

____________ is construed as a cognitive process that allows an individual to recognize and exploit entrepreneurial opportunities.&#10;A) Entrepreneurial drive.&#10;B) Entrepreneurial passion.&#10;C) Alertness.&#10;D) Need for achievement.

Accepted Answer

Alertness is the cognitive process that enables an individual to identify and capitalize on entrepreneurial opportunities. It involves the ability to observe and detect patterns, trends and changes in the market, technology and socio-economic environment which can be transformed into entrepreneurial opportunities.

Deck 2: Social Entrepreneurship, Morality, and Social Justice