Entrepreneurship Mindsets Quiz

What motivated Linda Weinman to create the website lynda.com?

• To showcase her students' work

• To learn new graphic design tools

• To sell the website for profit

• To compete with LinkedIn

Which mindset runs counter to the best practices in big companies?

• Yes, we can

• Problem first, not product first logic

• Think narrow

• Asking for the cash and writing the float

What did Arnold Correa do when a customer asked for televisions and satellite uplink in their stores?

• He declined the request

• He hired experts to handle the technology

• He said, 'Yes, we can do that'

• He recommended a different solution

What mindset did John Thorne adopt when he focused on solving the problem of surgical forceps sticking to human tissue?

• Yes, we can

• Problem first, not product first logic

• Think narrow

• Beg, borrow, but please don't steal

What did Philip Knight and Bill Bowerman focus on when they founded Nike?

• Solving problems

• Building a wide range of products

• Targeting a narrow market

• Asking for permission from regulators

What is the importance of cash for entrepreneurs like Elon Musk and Tesla?

• To give money back to shareholders

• To invest in research and development

• To build a mass market car

• To fund the entrepreneurial venture

What did Tristram Mayhew and Rebecca Mayhew do to build their Go Ape treetop adventure business?

• They borrowed assets from the Forestry Commission

• They invested heavily in research and development

• They asked for permission from regulators

• They focused on a wide target market

What is the mindset of entrepreneurs when it comes to seeking permission?

• They always ask for permission before taking action

• They ignore regulations and do what they want

• They consult lawyers to ensure compliance

• They just get on with it without asking

Which mindset focuses on analyzing the return on investment before starting a project?

• Yes, we can

• Problem first, not product first logic

• Think narrow

• Beg, borrow, but please don't steal

What is the main purpose of this quiz?

• To test knowledge of entrepreneurship

• To teach entrepreneurial mindsets

• To promote Linda Weinman's website

• To challenge big company practices