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Exam 11: Anticipating Failure

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Question 51

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Sasha developed a new technology for cordless charging of cellphones and other devices,but she misled her investors about the cost of producing the new chargers and the number of units she could supply.Which of the following is the most likely cause of failure here?

A) lack of ability
B) deviance
C) uncertainty
D) inattention

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Question 52

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In studying failure around the world,Global Entrepreneurship Monitor recognized three types of economies.Which of the following represents the degree to which those capable of starting a business may intend to do so over three years?

A) entrepreneurial intentions
B) perceived opportunities
C) driven opportunities
D) perceived capabilities

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Question 53

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Studies such as those taken on by Angela Lee Duckworth and Carol Dweck have shown that people with a high IQ are more likely to achieve success.

Despite multiple failures and setbacks,Terri perseveres in her efforts to solve an engineering problem.This is an example of which of the following?

In studying failure around the world,Global Entrepreneurship Monitor recognized three types of economies.Which of the following represents people who think they have what it takes to start a business?

Describe Angela Lee Duckworth's research into grit at the United States Military Academy at West Point.Why might she have chosen West Point? What were her findings? What was her assessment of the West Point Whole Candidate Score as compared to her tool to measure grit?

Define the term intentional iteration and explain why it is important.

It is important for entrepreneurs to manage the negative emotions associated with failure so they can ______.

The term deliberate practice refers to learning from good failures that provide valuable new knowledge that can help a startup innovate and stride ahead of its competition.

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