The Entrepreneurial & Manager Mindset

1. What is a key responsibility of a manager in a company like Ava's tech startup?

• a) Filing taxes

• b) Coordinating people, processes, and resources

• c) Marketing products

• d) Selling goods

2. Which of the following is not a management option for Kai's career path?

• a) Working for a non-profit

• b) Being an entrepreneur

• c) Freelancing as an independent contractor

• d) Work for a small business

3. Anika is leading a team project. Which of these is a quality of a good manager?

• a) Disorganized

• b) Empathetic

• c) Inflexible

• d) Passive

Ethan is a manager at a tech company. What is the purpose of the 'Controlling' function of management?

• a) Setting long-term goals

• b) Communicating policies and rules

• c) Evaluating results to determine if objectives were met

• d) Hiring employees

5. Scarlett is working on a plan that involves setting long-term goals, typically over several years. Which type of plan is she working on?

• a) Operational

• b) Tactical

• c) Strategic

• d) Mid-range

Maya and her friends are brainstorming for a school project. What is the main difference between an idea and an opportunity?

• a) An idea requires customer feedback

• b) An idea is always business-worthy

• c) An idea is a concept without a plan, while an opportunity is an idea with a plan

• d) Opportunities are less profitable than ideas

James is considering starting a new business. Which of the following statements is true about ideas?

• a) All ideas lead to successful businesses

• b) Ideas are driven by customer needs

• c) Ideas are a necessary starting point for a business

• d) Ideas are always profitable

8. Which of the following best describes creativity in a classroom setting?

• a) Implementing solutions to problems

• b) Thinking of new ways to solve challenges

• c) Doing new things to create products

• d) Measuring market success

Ava is working on a project at her company. What does innovation involve in her context?

• a) Thinking of new ideas

• b) Translating (doing) an idea into a product or service

• c) Creating value through imagination

• d) Solving all problems faced by businesses

Hannah is starting a new business and needs to define her value proposition. What is a value proposition?

• a) a concept for a product or service that can be developed to generate income

• b) practical implementation of ideas that result in the introduction of new goods or services

• c) statement that clearly identifies what you and your business is delivering

• d) the value of something in terms of importance, utility, or relative worth