Question 1

In the context of grit,working tirelessly in the face of challenges and toward the achievement of long-term goals is called ______.

Accepted Answer

A)  courage
B)  excellence
C)  conscientiousness
D)  perseveranceE) All of the above
F) B) and C)

Question 2

Theranos,the blood testing company,is a high-profile example of deviance.

Accepted Answer

A) True 
 B)False

Question 3

According to The Global Entrepreneurship Monitor report,the fear of failure in the United States is higher than in which of the following?

Accepted Answer

A)  Angola
B)  India
C)  Greece
D)  MoroccoE) A) and B)
F) None of the above

Question 4

Grit combines with deliberate practice to help the entrepreneur achieve success.

Accepted Answer

A) True 
 B)False

Question 5

Maternal irritability and paternal absence may contribute to a child's fear of failure.

Accepted Answer

A) True 
 B)False

Question 6

When people feel comfortable enough to report failures,it is a sign that there is a successful blame-free environment.

Accepted Answer

A) True 
 B)False

Question 7

Informing people of what is and is not an acceptable mistake will help create a blame-free environment.

Accepted Answer

A) True 
 B)False

Question 8

Why would a growth mindset contribute to a person's grit?

Accepted Answer

A)  Both are a way to measure intelligence.
B)  A desire to learn will help overcome failure and allow the person to persevere.
C)  People with a growth mindset need to make things perfect.
D)  People with grit will keep doing the same thing repeatedly.E) B) and D)
F) B) and C)

Question 9

Describe the steps you can take to create a blame-free environment.

Accepted Answer

Clearly define what is and what is not a...

Question 10

Cultural differences may influence the way we approach failure.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following describes a blame-free environment?

Accepted Answer

A)  an environment where entrepreneurs can never be blamed
B)  an environment where everyone in the business is comfortable admitting mistakes and learning from them
C)  an environment where mistakes are not acknowledged or discussed
D)  an environment where blame is always directed at the entrepreneur rather than the employeeE) A) and D)
F) B) and D)

Question 12

Once you establish the extent of your fear of failure,which of the following would be a good step toward coping with it?

Accepted Answer

A)  Deliberately allow yourself to feel the fear.
B)  Try to suppress your fear.
C)  Try to distract yourself so you don't feel your fear.
D)  Pretend you are fearless.E) A) and C)
F) All of the above

Question 13

Failures that provide valuable new knowledge that can help a startup innovate and stride ahead of its competition are best described as ______.

Accepted Answer

A)  constructive failures
B)  intentional failures
C)  intelligent failures
D)  planned failuresE) All of the above
F) B) and C)

Question 14

Based upon Angela Lee Duckworth's research on children,what is the relationship between mindset and grit?

Accepted Answer

A)  Those with a growth mindset tend to have less grit.
B)  Those with a fixed mindset tend to have more grit.
C)  Those with a growth mindset tend to have more grit.
D)  Mindset is unrelated to grit.E) C) and D)
F) B) and C)

Question 15

Because of their personalities,entrepreneurs do not experience the emotional pain of failure.

Accepted Answer

A) True 
 B)False

Question 16

Two college friends started a company.While they were friends,they had never worked together.Why might their company fail?

Accepted Answer

A)  process inadequacy
B)  uncertainty
C)  lack of ability
D)  inattentionE) None of the above
F) All of the above

Question 17

In the context of grit,the commitment to long-term goals through purposeful deliberate practice is called ______.

Accepted Answer

A)  resilience
B)  excellence
C)  conscientiousness
D)  perseveranceE) A) and C)
F) None of the above

Question 18

According to the text,we don't always hear about the reasons for business failures because ______.

Accepted Answer

A)  expressing the emotions of failure is difficult,as admitting failure is unpleasant
B)  people may be unaware of their role in the failure
C)  people blame external reasons for their failure
D)  no one is interested in hearing about failuresE) A) and B)
F) B) and C)

Question 19

Which of the following is a positive step toward building a blame-free environment?

Accepted Answer

A)  establishing clear lines of distinction between founders and employees
B)  treating everyone in the company as equal members
C)  not noticing mistakes when they happen
D)  allowing the same mistakes to recur several times before addressing themE) A) and B)
F) A) and C)

Question 20

According to The Global Entrepreneurship Monitor report,people in what area of the world have the highest percentage of perceived opportunities?

Accepted Answer

A)  Africa
B)  Oceania
C)  Asia
D)  EuropeE) C) and D)
F) All of the above

Exam 11: Anticipating Failure

Grit combines with deliberate practice to help the entrepreneur achieve success.

Correct AnswerverifiedShow Answer

Which of the following is a positive step toward building a blame-free environment?

Correct AnswerverifiedShow Answer

In the context of grit,working tirelessly in the face of challenges and toward the achievement of long-term goals is called ______.

Correct AnswerverifiedShow Answer

Two college friends started a company.While they were friends,they had never worked together.Why might their company fail?

Correct AnswerverifiedShow Answer

According to the text,we don't always hear about the reasons for business failures because ______.

Correct AnswerverifiedShow Answer

Maternal irritability and paternal absence may contribute to a child's fear of failure.

Correct AnswerverifiedShow Answer

Once you establish the extent of your fear of failure,which of the following would be a good step toward coping with it?

Correct AnswerverifiedShow Answer

Cultural differences may influence the way we approach failure.

Correct AnswerverifiedShow Answer

According to The Global Entrepreneurship Monitor report,people in what area of the world have the highest percentage of perceived opportunities?

Correct AnswerverifiedShow Answer

Why would a growth mindset contribute to a person's grit?

Correct AnswerverifiedShow Answer

When people feel comfortable enough to report failures,it is a sign that there is a successful blame-free environment.

Correct AnswerverifiedShow Answer

Theranos,the blood testing company,is a high-profile example of deviance.

Correct AnswerverifiedShow Answer

Which of the following describes a blame-free environment?

Correct AnswerverifiedShow Answer

Describe the steps you can take to create a blame-free environment.

Correct AnswerverifiedClearly define what is and what is not a...View AnswerShow Answer

According to The Global Entrepreneurship Monitor report,the fear of failure in the United States is higher than in which of the following?

Correct AnswerverifiedShow Answer

In the context of grit,the commitment to long-term goals through purposeful deliberate practice is called ______.

Correct AnswerverifiedShow Answer

Because of their personalities,entrepreneurs do not experience the emotional pain of failure.

Correct AnswerverifiedShow Answer

Based upon Angela Lee Duckworth's research on children,what is the relationship between mindset and grit?

Correct AnswerverifiedShow Answer

Informing people of what is and is not an acceptable mistake will help create a blame-free environment.

Correct AnswerverifiedShow Answer

Failures that provide valuable new knowledge that can help a startup innovate and stride ahead of its competition are best described as ______.

Correct AnswerverifiedShow Answer

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Clearly define what is and what is not a...
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