ENT3003 Exam 1 UF ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Opportunity Recognition The ability to perceive changes or untapped possibilities that might be sources of
profit for the venture.
, Opportunity Assessment Ability to evaluate the content structure of opportunities to accurately determine
their relative attractiveness
Risk Mitigation Actions that reduce either risk or the potential impact of a negative outcome
Self-efficacy An individual's belief that he or she is capable of performing a task.
Imaginativeness The ability to produce novel, useful outcomes by relating previously unrelated
objects.
Tenacity The ability to overcome difficulties and obstacles that impede the achievement of
your goals.
Guerilla Tactics Unconventional, low-cost tactics that allow the entrepreneur to do more with less.
Resilience The ability to deal with stress and disturbances and rebound or even thrive in the
face of adversity.
Personal Branding The practice of people marketing themselves and their careers as brands,
including how they perceive you and what they say about you.
What are the two general mindsets? fixed mindset and growth mindset
Fixed Mindset The assumption held by people who perceive their talents and abilities as set
traits
Growth Mindset The assumption held by people who believe that their abilities can be developed
through dedication, effort, and hard work
True or False: A person with mixed mindset can be True
trained to have a growth mindset
Entrepreneurial mindset the ability to quickly sense, take action, and get organized under uncertain
conditions
Metacognition Our ability to understand and be aware of how we think and the processes we use
to think.
True or False: Passion is always functional? False. Dysfunctional passion might cause a person to ignore negative information
or fail to see a warning sign.
What are the three habits that promote an 1. Self-leadership
entrepreneurial mindset? 2. Creativity
3. Improvisation
Self-leadership The process of influencing oneself to establish the self-direction and self-
motivation needed to perform a task
Opportunity Recognition The ability to perceive changes or untapped possibilities that might be sources of
profit for the venture.
, Opportunity Assessment Ability to evaluate the content structure of opportunities to accurately determine
their relative attractiveness
Risk Mitigation Actions that reduce either risk or the potential impact of a negative outcome
Self-efficacy An individual's belief that he or she is capable of performing a task.
Imaginativeness The ability to produce novel, useful outcomes by relating previously unrelated
objects.
Tenacity The ability to overcome difficulties and obstacles that impede the achievement of
your goals.
Guerilla Tactics Unconventional, low-cost tactics that allow the entrepreneur to do more with less.
Resilience The ability to deal with stress and disturbances and rebound or even thrive in the
face of adversity.
Personal Branding The practice of people marketing themselves and their careers as brands,
including how they perceive you and what they say about you.
What are the two general mindsets? fixed mindset and growth mindset
Fixed Mindset The assumption held by people who perceive their talents and abilities as set
traits
Growth Mindset The assumption held by people who believe that their abilities can be developed
through dedication, effort, and hard work
True or False: A person with mixed mindset can be True
trained to have a growth mindset
Entrepreneurial mindset the ability to quickly sense, take action, and get organized under uncertain
conditions
Metacognition Our ability to understand and be aware of how we think and the processes we use
to think.
True or False: Passion is always functional? False. Dysfunctional passion might cause a person to ignore negative information
or fail to see a warning sign.
What are the three habits that promote an 1. Self-leadership
entrepreneurial mindset? 2. Creativity
3. Improvisation
Self-leadership The process of influencing oneself to establish the self-direction and self-
motivation needed to perform a task
