Module 1: Introduction to Entrepreneurship Quiz
Quiz, 10 questions
Question 1
1
point
1. Question 1
Assuming behaviors are caused by someone’s disposition, even when circumstances are the real
explanation, is called:
Fundamental attribution error
Outcome bias
Self-serving bias
Ladder of inference
Question 2
1
point
2. Question 2
Which of the following describes a serial entrepreneur?
None of these are true
Someone who focuses on starting multiple businesses at the same time
Someone who focuses on starting multiple businesses, one after another
Someone creating a job for themselves in a variety of idiosyncratic ways by establishing businesses
Question 3
1
point
Schlumberger‐Private
,3. Question 3
The original iPhone was a(n) ____; the iPhone 6s was a(n) ____.
Discontinuous innovation; radical innovation
Discontinuous innovation; incremental innovation
Radical innovation; discontinuous innovation
Incremental innovation; discontinuous innovation
Question 4
1
point
4. Question 4
What is an example of established firms cultivating innovation through internal development?
All answers are true
Separate R&D labs
Dedicated time for individuals (e.g. 20% time)
Sabbatical
Question 5
1
point
5. Question 5
In 2014, high-tech small businesses (less than 250 employees) created __% of private sector jobs.
0-10%
Schlumberger‐Private
,30-40%
10-20%
20-30%
Question 6
1
point
6. Question 6
In Entrepreneurship, “Unicorns” are:
Mythical creatures
Startups with a single employee
Startups with a social mission
Startups that have been funded on valuations of $1 billion or more
6. Question 6
Impact entrepreneurs can scale through which of the following methods?
Increase geographic reach through franchises
Influence policy changes
Partner with someone who has last-mile reach at scale
All answers are true
Schlumberger‐Private
, Question 7
1
point
7. Question 7
Venture-backed start-ups are typically funded by ____; lifestyle businesses are typically funded by
____.
Bank loans; private equity firms
Angel investors and/or venture capitalists; the founders themselves, friends and family
The founders themselves, friends and family; angel investors and/or venture capitalists
Private equity firms; bank loans
Question 8
1
point
8. Question 8
What is an effective strategy that would help overcome challenges associated with transitioning from
the “ferment” to the “takeoff” period?
Release a complementary product
Reduce entry cost for complementers to join your network
Develop a product that appeals to early adopters
Compete in the largest market segment with the industry incumbent
Question 9
1
Schlumberger‐Private
Quiz, 10 questions
Question 1
1
point
1. Question 1
Assuming behaviors are caused by someone’s disposition, even when circumstances are the real
explanation, is called:
Fundamental attribution error
Outcome bias
Self-serving bias
Ladder of inference
Question 2
1
point
2. Question 2
Which of the following describes a serial entrepreneur?
None of these are true
Someone who focuses on starting multiple businesses at the same time
Someone who focuses on starting multiple businesses, one after another
Someone creating a job for themselves in a variety of idiosyncratic ways by establishing businesses
Question 3
1
point
Schlumberger‐Private
,3. Question 3
The original iPhone was a(n) ____; the iPhone 6s was a(n) ____.
Discontinuous innovation; radical innovation
Discontinuous innovation; incremental innovation
Radical innovation; discontinuous innovation
Incremental innovation; discontinuous innovation
Question 4
1
point
4. Question 4
What is an example of established firms cultivating innovation through internal development?
All answers are true
Separate R&D labs
Dedicated time for individuals (e.g. 20% time)
Sabbatical
Question 5
1
point
5. Question 5
In 2014, high-tech small businesses (less than 250 employees) created __% of private sector jobs.
0-10%
Schlumberger‐Private
,30-40%
10-20%
20-30%
Question 6
1
point
6. Question 6
In Entrepreneurship, “Unicorns” are:
Mythical creatures
Startups with a single employee
Startups with a social mission
Startups that have been funded on valuations of $1 billion or more
6. Question 6
Impact entrepreneurs can scale through which of the following methods?
Increase geographic reach through franchises
Influence policy changes
Partner with someone who has last-mile reach at scale
All answers are true
Schlumberger‐Private
, Question 7
1
point
7. Question 7
Venture-backed start-ups are typically funded by ____; lifestyle businesses are typically funded by
____.
Bank loans; private equity firms
Angel investors and/or venture capitalists; the founders themselves, friends and family
The founders themselves, friends and family; angel investors and/or venture capitalists
Private equity firms; bank loans
Question 8
1
point
8. Question 8
What is an effective strategy that would help overcome challenges associated with transitioning from
the “ferment” to the “takeoff” period?
Release a complementary product
Reduce entry cost for complementers to join your network
Develop a product that appeals to early adopters
Compete in the largest market segment with the industry incumbent
Question 9
1
Schlumberger‐Private
