Entrepreneurial Leadership MCQs
Entrepreneurial Leadership MCQs
Answer these 30+ Entrepreneurial Leadership MCQs and assess your grip on the subject of Entrepreneurial Leadership.
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1: Adaptive cycles are the cycles that are natural to the evolution of living systems that occur at all levels of scale.
A. True
B. False
2: Business model represents a company’s rationale for how it _____ to make a profit.
A. Creates value for customers
B. Delivers its products to them
C. Captures value
D. All of the above
3: Business model canvas is a tool that illustrates the _____ business components.
A. Six Key
B. Seven Key
C. Eight Key
D. Nine key
4: Which one of these is not the key business component for a business model canvas?
A. Key Partners
B. Key Resources
C. Cost Structure
D. None of these
5: _____ is a type of reasoning characterized by first setting a goal and then considering the means through which the goal can be accomplished.
A. Causal Reasoning
B. Effectual Reasoning
C. Both a and b
D. None of these
6: The Eco cycle framework has _____ main phases.
A. Two
B. Three
C. Four
D. Five
7: Eco cycle framework often used in _____ four main phases cycling in an infinite loop.
A. Planning
B. Leading
C. Comprising
D. All of these
8: Effectuation is a type of reasoning that starts with one’s given resources that subsequently forge goals as the resources are applied.
A. True
B. False
9: Entrepreneurial Leadership is a unique set of _____ used by leaders to identify opportunities, deepen understanding, and initiate and develop innovation.
A. Concepts
B. Mindsets
C. Activities
D. All of the above
10: Entrepreneurship is the process of pursuing opportunity through the _____ of new ideas into the marketplace.
A. Conception
B. Validation
C. Launch
D. All of these
11: Founder’s Syndrome is an organizational disorder characterized by overreliance on the _____ of one or more founding members in place of mindful, collaborative, and strategic management and leadership.
A. Charisma
B. Involvement
C. Decisions
D. All of these
12: Founder’s Syndrome is an organizational disorder characterized by overreliance on the charisma, involvement, and decisions of one or more founding members in place of _____.
A. Mindful
B. Collaborative
C. Strategic management and leadership
D. All of these
13: Ideation is the mental process of forming ideas.
A. True
B. False
14: Impact Modeling is a general term for describing the decomposition of a new idea into constituent elements that are relevant to its viability.
A. True
B. False
15: Entrepreneurial behaviors within an existing organization, such as ____ .
A. Risk-taking
B. Generating ideas
C. Creating ideas
D. All of these
16: _____ is an approach to organizational development that engages flexible, rapid methods to test and revise products and services before heavily investing.
A. Lean
B. Agile
C. Six SIgma
D. None of these
17: Minimum Viable product is the _____ thing you can build that conveys the product’s value proposition to customers.
A. Smallest
B. Simplest
C. Largest
D. Both a and b
18: Opportunity recognition occurs when entrepreneurs become aware of a _____ in current offerings that they find interesting and believe themselves capable of solving.
A. Problem
B. Dissatisfaction
C. Gap
D. All of these
19: Panarchy are the deep patterns that occur in the transformation cycles all _____ go through.
A. Human Systems
B. Natural Systems
C. Both a and b
D. None of these
20: Panarchy cycle looks like an infinite loop and it includes the following phases like:
A. Exploitation
B. Conservation and Release
C. Reorganization
D. All of the above
21: Pivot is changing an aspect of your _____ to reduce risk based on evidence and testing assumptions.
A. Idea
B. Solution
C. Approach
D. All of these
22: Social Entrepreneurship is the process of utilizing the marketplace to solve social problems in a novel manner.
A. True
B. False
23: Social impact model is a representation for the rationale for how a _____ creates value for beneficiaries, delivers the value to beneficiaries, and sustains its impact over time.
A. Policy
B. Program and project
C. Social venture
D. All of the above
24: ______ comprises a unique set of concepts, mindsets, and activities used by leaders to identify opportunities, deepen understanding, and initiate and develop innovation.
A. Appreciative inquiry
B. Entrepreneurial leadership
C. Human capital management
D. Leadership capacity
25: Mere ______ is not sufficient enough for entrepreneurship. Rather the new creation must provide value to a customer or beneficiary by helping them solve a problem or address an unmet need.
A. confidence
B. care
C. effectuation
D. invention
26: ______ is an organizational disorder characterized by overreliance on charisma, involvement and decisions of one or more founding members in place of mindful, collaborative, and strategic management and leadership.
A. Wicked problem
B. Convergent thinking
C. Founder’s syndrome
D. Heuristic problem
27: ______ leaders are individuals who, through an understanding of themselves and the contexts in which they work, act on and shape opportunities that create value for their organizations, their stakeholders, and the wider society.
A. Servant
B. Entrepreneurial
C. Situational
D. Transactional
28: A ______ is a state of mind wherein you see your abilities and capacity as a change agent as set traits--they are what they are.
A. growth mindset
B. fixed mindset
C. double-bind
D. crucible (of leadership)
29: Having a strong and clear ______, will keep yourself on track and bring people together around a shared vision as well as keeping your team on track while you execute the entrepreneurial process.
A. career path
B. purpose
C. skill
D. system
30: ______ means that decisions are researched and made based on collected data, rather than relying on your experience and expertise, personal observations, advice, hopes, or hunches.
A. Evidence-based decision-making
B. Causal reasoning
C. Appreciative inquiry
D. Customer discovery interviewing
31: Some components that are unique to the ______ canvas include type of intervention, key points of resistance, intended societal impact, and potential unintended consequences.
A. vertical operational model
B. lateral organizational
C. business model
D. social impact model
32: The ______’s role as an entrepreneurial leader is to translate the vision into a series of testable impact model assumptions, prioritize and conduct tests, and iterate as needed until a viable model is identified or the project is terminated.
A. innovator
B. team builder
C. chief executive
D. Founder
33: Being growth oriented, willing to make personal sacrifices to advance a shared purpose, and capable of influencing others are essential characteristics for ______.
A. followers
B. innovators
C. chief executives
D. team builders
34: Invention is the creation of a new _____.
A. Method
B. Device
C. Process
D. All of the above
35: The three factors included in the calculation of the reorder point are ________.
A. Demand, lead time, and safety stock
B. Demand, inventory, and price
C. Supply, price, and safety stock
D. Supply, lead time, and safety stock
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Entrepreneurial Leadership MCQs
