M1-Session_End_Quiz

1. If you are entrepreneurial, you must create a startup

a. True
b. False

2. One of the choices depicts the optimal sequence for systematically building entrepreneurship
capabilities:
a. Innovation, Entrepreneurship, Imagination, Creativity
b. Creativity, Innovation, Entrepreneurship, Imagination
c. Imagination, Creativity, Innovation, Entrepreneurship
d. Entrepreneurship, Innovation, Imagination, Creativity

3. Creating a Innovation-driven Entrepreneurship (IDE) is in general more difficult than

creating/starting a Small-Medium-Business (SMB)
a. True
b. False

4. Which one of the following is NOT a myth of entrepreneurship Commented [1]: Annswer choice was confusing with
a. Entrepreneurs are born, not made the following as right answer:
"Entrepreneurs always want to take high risks"; has
b. Entrepreneurs are not disciplined been changed now
c. Entrepreneurs take calculated risks
d. Entrepreneurs like to work in/as a a team

5. Entrepreneurs display good people skills, which one is NOT true:

a. Leadership
b. Team and Network building
c. Demand others to follow the entrepreneur’s vision
d. Can foster a collaborative work environment

6. Fill in the blanks below for the definition of startup:

“A startup is a temporary organization designed to search for a _____ and ______ business
model”
a. continuous, expandable
b. permanent, scalable
c. short, sweet
d. repeatable, scalable

7. Commercialization of an innovation is not a required aspect for a startup

a. True
b. False

8. The official/Govt definition of an Indian startup requires:

a. An idea
b. An idea that is patentable
c. An idea with the prospect of addressing a large market
 d. A prototype or MVP (minimum-viable-product)

9. A game changer for a startup can be one it combines

a. Idea, Innovation, Technology
b. Innovation, Technology & Entrepreneurship
c. Technology, Team, Prototype
d. Idea, Expertise, Technology

10. India is ______largest startup ecosystem in the world

a. The
b. Second
c. Third
d. Fifth
 M2-Session_End_Quiz
1. Entrepreneurial Mindset can be acquired through awareness and practice
a. True
b. False

2. Entrepreneurial Mindset does not have much use outside of startups

a. True
b. False

3. “Failure is an opportunity to grow” is an example of

a. Growth mindset
b. Fixed mindset
c. Floating mindset
d. Expanding mindset

4. One of the below choices does not encompass the entrepreneurial mindset
a. Creativity, Dealing with failure, Adaptability
b. Curiosity, Growth, Courage
c. Teamwork, Persistence, Opportunity Seeking
d. Avoid Facing Failure, Giving up when frustrated

5. Avoiding failure at all costs increases the chance of startup success

a. True
b. False

6. A powerful phrase to open up different possibilities in our minds is:

a. We should definitely do …
b. We may not be able to …
c. How might we…
d. Why should we …

7. The letters NABC stand for:

a. Negative, Attitude, Business, Culture
b. Neat, Approach, Benefits, Competition
c. New, Attitude, Bold, Competition
d. Need, Approach, Benefits, Competition

8. Which of the below most accurately describes reality:

Entrepreneurs looking for inspiration for their startup can look at:
a. Problems faced by potential customers who are willing to pay for the solution
b. Problems faced by potential customers who are not willing to pay for the solution
c. Ideas suggested by a best friend
d. Ideas published in a magazine and/or internet

9. Entrepreneurs can succeed by taking

a. Calculated risks
b. No risk at all
 c. Risks all the time
d. Risks once in a while

10. Good founders in a startup environment support the team when they fail
a. True
b. False
 M3-Session_End_Quiz

Question 1: What is the first stage of the design thinking process?

● A) Ideation
● B) Empathy
● C) Prototype
● D) Test
Correct Answer: B) Empathy

Question 2: Which of the following is not a key component of empathy in

design thinking?
● A) Understanding the user's needs
● B) Identifying the user's pain points
● C) Analyzing the user's competitors
● D) Perceiving the user's emotions
Correct Answer: C) Analyzing the user's competitors

Question 3: The "ideate" stage of design thinking involves:

● A) Building a physical model of the solution

● B) Gathering feedback from users
● C) Generating a large number of ideas
● D) Testing the feasibility of the solution
Correct Answer: C) Generating a large number of ideas

Question 4: A prototype is:

● A) A final, polished version of the product

● B) A rough model or representation of the solution
● C) A detailed marketing plan
● D) A user research study
Correct Answer: B) A rough model or representation of the solution

Question 5: The "test" stage of design thinking involves:

● A) Brainstorming new ideas

● B) Building a prototype
● C) Gathering feedback from users
● D) Analyzing the user's needs
Correct Answer: C) Gathering feedback from users

Question 6: Which of the following principles of effectuation emphasizes starting

with what you have rather than waiting for ideal conditions?
● A. Bird-in-Hand Principle
 ● B. Affordable Loss Principle
● C. Crazy Quilt Principle
● D. Pilot in the Plane Principle
Answer: A

Question 7: What does the "Affordable Loss Principle" in effectuation suggest?

● A. Avoid taking any risks.

● B. Make small, calculated bets.
● C. Commit to large, irreversible investments.
● D. Focus on maximizing profits.
Answer: B

Question 8: The "Crazy Quilt Principle" in effectuation refers to:

● A. Creating a detailed business plan.

● B. Leveraging existing networks and relationships.
● C. Focusing on a single market segment.
● D. Avoiding partnerships.
Answer: B

Question 9: Which principle of effectuation highlights the importance of being

adaptable and willing to change plans as circumstances evolve?
● A. Bird-in-Hand Principle
● B. Affordable Loss Principle
● C. Crazy Quilt Principle
● D. Pilot in the Plane Principle
Answer: D

Question 10: The Lemonade Principle in effectuation emphasizes:

● A. Planning and forecasting future outcomes.

● B. Adapting to unexpected opportunities and challenges.
● C. Focusing on long-term goals and strategic planning.
● D. Minimizing risk by avoiding uncertain situations.

Correct Answer: B
 EIE M4-Session_End_Quiz
(Opportunity Identification and Ethics)

Request: Jumble the questions & responses when administering the quiz on PESU Academy

Question 1:

What is the term used to describe the process of identifying and evaluating ideas for new
businesses or products?

● A. Market segmentation
● B. Feasibility analysis
● C. Opportunity screening
● D. Business planning
Answer: C. Opportunity screening

Question 2:

Which of the following is the best option for a successful entrepreneurial opportunity?

● A. High profitability potential

● B. Minimum market demand
● C. High profitability potential with a differentiation advantage
● D. Some customer interest
Answer: C. High profitability potential with a differentiation advantage

Question 3:

Which of the following is a common method for identifying entrepreneurial opportunities?

● A. A real problem faced by real users / potential customers

● B. SWOT analysis
● C. Business plan development
● D. Financial analysis
Answer: A. A real problem faced by real users / potential customers

Question 4:

What is the primary purpose of business ethics?

● A. To maximize profits
● B. To comply with legal requirements
● C. To make ethical decisions in business operations
● D. To avoid negative publicity
Answer: C. To make ethical decisions in business operations
Question 5:

A startup's ethical culture is primarily influenced by:

● A. The founders' values

● B. The size of the market opportunity
● C. The market/country in which the startup operates
● D. Government policy of the country
Answer: A. The founder’s values

Question 6:

What is the term used to describe the ethical principle that businesses should be transparent
and honest in their dealings?

● A. Integrity
● B. Sustainability
● C. Accountability
● D. Fairness
Answer: A. Integrity

Question 7:

Which of the below is the best option when pursuing an opportunity?

● A. Identify a good problem statement followed by creating a business plan

● B. Identify a good problem statement and raising funds immediately
● C. Identify a good problem and marketing your solution for the problem statement
● D. Identify a good problem statement and come up with a plan to test the opportunity with
potential/real customers
Answer: D. Identify a good problem statement and come up with a plan to test the opportunity
with potential/real customers

Question 8:

The value of a good opportunity is ______ to the level of satisfaction with current
customers/solutions

● A. directly proportional
● B. inversely proportional
● C. equal
● D. greater than
Answer: B. inversely proportional

Question 9: A new technology is ______ a source of opportunity

What is the

● A. Always
● B. Never
 ● C. Maybe
● D. None of the above
Answer: C. Maybe

Question 10:

The key elements of a good opportunity for a startup are

● A. Timing, Importance of the problem/need to the customer, Profitability of the solution, Can be
solved by the startup faster/better than competitors
● B. Idea and funding availability
● C. Idea and size of the founding team
● D. Idea and a prototype
Answer: A. Timing, Importance of the problem/need to the customer, Profitability of the
solution, Can be solved by the startup faster/better than competitors
 EIE M5-Session_End_Quiz
(Team and Leadership)

Request: Jumble the questions & responses when administering the quiz on PESU Academy

Question 1:
Which of the following is NOT a key characteristic of a successful startup
team?
● A. Diverse skills and experiences
● B. Strong communication and collaboration
● C. Shared vision and goals
● D. Lack of conflict

Answer: D. Lack of conflict

Question 2:
What is the term used to describe the informal rules and expectations that
govern a startup team's behavior?
● A. Team culture
● B. Company policy
● C. Leadership style
● D. Organizational structure

Answer: A. Team culture

Question 3:
Which of the following is NOT a common characteristic of a successful
startup team?
● A. Diverse skill sets
● B. Shared vision
● C. Lack of trust
● D. Complementary strengths

Answer: C. Lack of trust

Question 4:
Which leadership quality is essential for building trust and credibility
within a startup team?
● A. Intelligence
● B. Integrity
● C. Creativity
● D. Experience
Answer: B. Integrity

Question 5:
What is the term used to describe a leader's ability to recognize and
respond to the needs and emotions of others?
● A. Empathy
● B. Assertiveness
● C. Delegation
● D. Vision

Answer: A. Empathy

Question 6:
What is the term used to describe a leader's ability to delegate tasks and
responsibilities effectively?
● A. Empowerment
● B. Vision
● C. Charisma
● D. Empathy

Answer: A. Empowerment

Question 7:
Which of the following emotional intelligence competencies is crucial for
effective conflict resolution in a startup team?
● A. Self-awareness
● B. Empathy
● C. Social skills
● D. Self-regulation

Answer: C. Social skills

Question 8:
What is the significance of empathy in a startup team?
● A. It helps team members understand each other's perspectives
● B. It prevents conflicts from arising
● C. It ensures that everyone agrees on decisions
● D. It guarantees the success of the startup

Answer: A. It helps team members understand each other's perspectives

Question 9:
How can self-awareness contribute to the success of a startup team?
 ● A. By helping team members identify their strengths and weaknesses
● B. By preventing team members from making mistakes
● C. By ensuring that everyone is happy and satisfied
● D. By eliminating the need for feedback

Answer: A. By helping team members identify their strengths and weaknesses

Question 10:
According to the video you watched by Linda Hill, what are the 3 functions
that leaders need to fulfill
● A. Architect, Contractor, Engineer
● B. Logical, Emotional, Social
● C. Architect, Builder, Catalyst
● D. Designer, Builder, Contractor

Answer: C. Architect, Builder, Catalyst