ELE 3010 MIDTERM EXAM HOPE PARNELL 2026
PRACTICE TEST QUESTIONS AND DETAILED
ELECTRICAL THEORY BREAKDOWN FULL
REVIEW
◉ Entrepreneurial Action. Answer: creation of new product or
process, or entry into new markets. Can occur in new organization
or established organization
◉ First Stage of the Mullen Shepherd Model. Answer: Attention
Stage. Does an opportunity exist?
◉ Second state of the mullen shepherd model. Answer: Evaluation
stage- does an opportunity exist for me?
◉ superficial similarities. Answer: when something is obvious to
◉ structural similarities. Answer: things that people will miss, aren't
obvious to everyone ex: NASA example
◉ Bricolage. Answer: When entrepreneurs apply what they have to
new problems and opportunities
, ◉ Effectuation. Answer: start with a disarmed outcome and figure
out how to get there
◉ effectuation process. Answer: start with what you have and select
among possible outcomes
◉ Cognitive adaptability. Answer: extent to which entrepreneurs are
mentally flexible- how good they are at generating multiple decision
frameworks
◉ metacognitive awareness. Answer: ability to understand/ control
ones thinking and learning
◉ achieving cognitive adaptability. Answer: comprehension
questions
connection tasks
strategic tasks
reflection tasks
◉ self efficacy. Answer: how much you believe in yourself
◉ perceived desirability. Answer: degree to which outcome is
evaluated as favorable
PRACTICE TEST QUESTIONS AND DETAILED
ELECTRICAL THEORY BREAKDOWN FULL
REVIEW
◉ Entrepreneurial Action. Answer: creation of new product or
process, or entry into new markets. Can occur in new organization
or established organization
◉ First Stage of the Mullen Shepherd Model. Answer: Attention
Stage. Does an opportunity exist?
◉ Second state of the mullen shepherd model. Answer: Evaluation
stage- does an opportunity exist for me?
◉ superficial similarities. Answer: when something is obvious to
◉ structural similarities. Answer: things that people will miss, aren't
obvious to everyone ex: NASA example
◉ Bricolage. Answer: When entrepreneurs apply what they have to
new problems and opportunities
, ◉ Effectuation. Answer: start with a disarmed outcome and figure
out how to get there
◉ effectuation process. Answer: start with what you have and select
among possible outcomes
◉ Cognitive adaptability. Answer: extent to which entrepreneurs are
mentally flexible- how good they are at generating multiple decision
frameworks
◉ metacognitive awareness. Answer: ability to understand/ control
ones thinking and learning
◉ achieving cognitive adaptability. Answer: comprehension
questions
connection tasks
strategic tasks
reflection tasks
◉ self efficacy. Answer: how much you believe in yourself
◉ perceived desirability. Answer: degree to which outcome is
evaluated as favorable
