funds of innovation

Question 1

an antecedent that influences on startup

Answer 1

family

Question 2

One of the ways to safeguard your idea is

Answer 2

intellectual property

Question 3

Innovation can be defined as

Answer 3

the marriage of creative thinking and sound logic,
which when applied together create a new and potentially better solution or direction
for one to explore

Question 4

is Entrepreneurial ventures and small businesses are different recognized as a myth about entrepreneurship

Answer 4

NO

Question 5

Growth mindset can be defined as

Answer 5

he process of going through exercises and
experiences to inspire a person to get them in the creative mindset in order to prosper,
develop, and ideate

Question 6

Entrepreneurship can be defined as:

Answer 6

entrepreneurship is doing much more than
seems imaginable with much less than seems possible

Question 7

An entrepreneurial mindset can be described as:

Answer 7

the ability to quickly take
action and get organized under uncertain conditions

Question 8

Design thinking process comprises 6 subsequent steps in the following:

Answer 8

understand, observe, define, prototype, test

Question 9

Entrepreneurship is a constant process that relies on

Answer 9

creativity, innovation and
application in the marketplace

Question 10

What makes a product compelling:

Answer 10

team product market fit

Question 11

When determining how to allocate scare resources, an entrepreneur should

Answer 11

focus on the company’s key success factors

Question 12

The ability to develop new ideas and to discover new ways of looking at
problems is called

Answer 12

creativity

Question 13

What are the three criteria for a successful idea in design thinking?

Answer 13

Feasibility,
viability, desirability

Question 14

Idea generation is defined as

Answer 14

production of ideas for something new

Question 15

gives you confidence that your solution is desirable, feasible and
viable

Answer 15

Prototyping

Question 16

Which of the following business model canvas (BMC) element refers to
building positive feelings about your business

Answer 16

customer relationship

Question 17

The goals should be _________ for the success of business plan

Answer 17

generalized

Question 18

The _______ type of innovation states that an entrepreneur copies an existing
product or service and adds creative touch to substantially improve quality

Answer 18

duplication

Question 19

disadvantages or advantage of entrepreneurship?be your own boss

Answer 19

advantage

Question 20

The best way to improve self-efficiency is to

Answer 20

allow people to experience success
by themselves

Question 21

Research on growth mindset shows that

Answer 21

people can grow their brain capacity to
learn and solve problems

Question 22

Which of the following is a technique for generating ideas

Answer 22

brainstorming

Question 23

An entrepreneur can be

Answer 23

corporate, for profit/ business owner,
non – for – profit venture owner

Question 24

Which of the following is NOT considered a common characteristic of an
entrepreneur?

Answer 24

Risk taking

Question 25

Which of the following is a benefit of having a growth mindset in the context of
entrepreneurship?

Answer 25

A growth mindset encourages entrepreneurs to take actions even in
uncertain circumstances

Question 26

The intention of brainstorming is leverage the

Answer 26

collective thinking

Question 27

__________ With a partner and come up with a way to encourage growth
mindset and creative confidence

Answer 27

brainstorming

Question 28

the business model

Answer 28

the story of how your business makes money

Question 29

_________ gives confidence that you are working on a meaningful problem;
forces you to take perspective other than your own

Answer 29

empathy