ENT 3003 EXAM 1 STUDY GUIDE QUESTIONS WITH
COMPLETE SOLUTIONS
mindset -- Answer ✔✔ an established set of attitudes that determines how a person
sees the world
what are the two general types of mindsets? -- Answer ✔✔ fixed mindset and growth
mindset
fixed mindset -- Answer ✔✔ the assumption held by people who perceive their talents
and abilities as set traits
growth mindset -- Answer ✔✔ the assumptions held by people who believe that their
abilities can be developed through dedication, effort, and hard work
true or false: a person with a fixed mindset can be trained to have a growth mindset --
Answer ✔✔ true
metacognition -- Answer ✔✔ our ability to understand and be aware of how we think
and the processes we use to think
, passion -- Answer ✔✔ an intense positive emotion, which is usually related to
entrepreneurs who are engaged in meaningful ventures, or tasks and activities, and
which has the effect of motivating and simulating entrepreneurs to overcome obstacles
and remain focused on their goal
true or false: passion is always functional -- Answer ✔✔ false. dysfunctional passion
might cause a person to ignore negative information or fail to see a warning sign
habit -- Answer ✔✔ a sometimes unconscious pattern of behavior that is carried out
often and regularly
what are the three habits that promote an entrepreneurial mindset? -- Answer ✔✔ self-
leadership, creativity, and improvisation
self-leadership -- Answer ✔✔ a process whereby people can influence and control their
own behavior, actions, and thinking to achieve the self-direction and self-motivation
necessary to build their entrepreneurial business ventures
behavior-focused strategies -- Answer ✔✔ methods to increase self-awareness and
manage behaviors, particularly when dealing with necessary but unpleasant tasks. these
strategies include self-observation, self-goal setting, self-reward, self-punishment, and
self-cueing
natural reward strategies -- Answer ✔✔ types of compensation designed to make
aspects of a task or activity more enjoyable by building in certain features or by
reshaping perceptions to focus on the most positive aspects of the task and the value it
holds
COMPLETE SOLUTIONS
mindset -- Answer ✔✔ an established set of attitudes that determines how a person
sees the world
what are the two general types of mindsets? -- Answer ✔✔ fixed mindset and growth
mindset
fixed mindset -- Answer ✔✔ the assumption held by people who perceive their talents
and abilities as set traits
growth mindset -- Answer ✔✔ the assumptions held by people who believe that their
abilities can be developed through dedication, effort, and hard work
true or false: a person with a fixed mindset can be trained to have a growth mindset --
Answer ✔✔ true
metacognition -- Answer ✔✔ our ability to understand and be aware of how we think
and the processes we use to think
, passion -- Answer ✔✔ an intense positive emotion, which is usually related to
entrepreneurs who are engaged in meaningful ventures, or tasks and activities, and
which has the effect of motivating and simulating entrepreneurs to overcome obstacles
and remain focused on their goal
true or false: passion is always functional -- Answer ✔✔ false. dysfunctional passion
might cause a person to ignore negative information or fail to see a warning sign
habit -- Answer ✔✔ a sometimes unconscious pattern of behavior that is carried out
often and regularly
what are the three habits that promote an entrepreneurial mindset? -- Answer ✔✔ self-
leadership, creativity, and improvisation
self-leadership -- Answer ✔✔ a process whereby people can influence and control their
own behavior, actions, and thinking to achieve the self-direction and self-motivation
necessary to build their entrepreneurial business ventures
behavior-focused strategies -- Answer ✔✔ methods to increase self-awareness and
manage behaviors, particularly when dealing with necessary but unpleasant tasks. these
strategies include self-observation, self-goal setting, self-reward, self-punishment, and
self-cueing
natural reward strategies -- Answer ✔✔ types of compensation designed to make
aspects of a task or activity more enjoyable by building in certain features or by
reshaping perceptions to focus on the most positive aspects of the task and the value it
holds
