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ES200 Unit 1 and 2 Vocab Flashcards | StudBud
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ES200 Unit 1 and 2 Vocab
ES200 Unit 1 and 2 Vocab
29 terms
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Answers
1
What is a habit?
A temporary habit
A one-time action
A regular behavior pattern
A random occurrence
2
Which mindset believes in improvement?
Growth mindset
Static mindset
Negative mindset
Fixed mindset
3
Entrepreneurs Inside: Entrepreneurs who think and act entrepreneurially who aren't current employees
True
False
4
Is metacognition the process of thinking about thinking?
True
False
5
What is a benefit corporation?
A nonprofit organization that is only concerned about maximizing profit
A franchise model where family works for each other
A family business that lease out SUV's
A certified organization that ensures accountability, and transparency
6
What is the purpose of self-leadership?
To manage a team to victory
To control the way others think
To follow all orders from your authority figures until you're old
To influence oneself
7
What is the role of passion in entrepreneurship?
To distract from goals
To avoid challenges
To create obstacles
To motivate and stimulate
8
What is deliberate practice?
Careful focused efforts
Casual learning
Unplanned activities
Random efforts
9
Corporate Entrepreneurship: process of creating new products, ventures, processes, or renewal in large organizations
True
False
10
What does Effectuation Theory explain?
How to take action to learn collect information reduce risk and uncertainty
Nonprofit certified organizations
Franchisee income share splits
Business strategy on costs savings
11
True or false: A start-up is an organization that has it all figured out
True
False
12
True or false: Effectuation theory reduces risk and uncertainty.
False
True
13
Which is a behavior-focused strategy?
Self-criticism
Self-observation
Self-punishment
Self-doubt
14
What is a fixed mindset?
Belief in potential
Belief in set traits
Belief in growth
Belief in change
15
Which describes social entrepreneurship?
Fundraising
Corporate management
Innovative social solutions
Profit-driven business
16
Royalties: a share of the income of a business paid by a franchisee to the franchisor.
False
True
17
What is the meaning of passion?
Lack of interest
Indifference
Intense enthusiasm
Physical pain
18
How does metacognition help us?
Understanding our thoughts
Following others' ideas
Ignoring our feelings
Avoiding self-reflection
19
True or false: Creativity is about producing new ideas.
True
False
20
Which is a characteristic of scalability?
Limited resources
Increased costs for raw materials
Efficient growth
Static profits
21
What do entrepreneurs think and act like?
Passive and unambitious
Innovative and proactive
It varies from entrepreneur to entrepreneur
Entrepreneurs don't think or act
22
What is the opposite of a constructive thought?
Neutral thought
Destructive thought
Creative thought
Positive thought
23
Is family enterprise limited to one generation?
False
True
24
Who is an entrepreneur inside?
A corporate merger
A current employee with ideas within an organization
A consultant who audits companies
A franchisee who pays to use a francisor brand
25
When is improvisation used?
Only in rehearsals and controlled environments
When there's time to recollect for long periods of time
In spontaneous situations where little time is used for brainstorming
During planned events and then taking small action to achieve a goal
26
T/F: Entrepreneurial Mindset: the ability to quickly sense, take action, and get organized under uncertain conditions
True
False
27
True or false: Royalties are paid by franchisors.
True
False
28
(B-Corp): A form of organization certified by the nonprofit B Lab
False
True
29
True or false: Passion can motivate entrepreneurs.
True
False
