Topic 1 Quick Check - Finding Your Purpose, Passion, and Perseverance

docx

School

University of Phoenix *

*We aren’t endorsed by this school

Course

418

Subject

Business

Date

Apr 3, 2024

Type

docx

Pages

3

Uploaded by ConstableToadMaster236

Report
Submission Score 9 / 10 (90.00%) 1. Most successful entrepreneurs start their business for which of the following reasons? o To make as much money as they can o To have more freedom and work less o To achieve an important engaging purpose o To gain status and recognition in their community FEEDBACK 1 / 1  (100.0%) 2. Which of the following is the most powerful reason for starting a new business? o Wanting to do something you are really passionate about o Wanting to create jobs for people in your community o Wanting to give back to the community in which you operate o All of the above are strong reasons for starting a business FEEDBACK 1 / 1  (100.0%) 3. Having a strong and motivating purpose gives you two additional qualities you will need to succeed as an entrepreneur. What are these qualities? o Passion and perseverance o Patience and tolerance o Discipline and self-control o Confidence and self-esteem FEEDBACK 1 / 1  (100.0%) 4. What important point does author Simon Sinek make in his book  Start with Why? o Customers are most interested in the features and benefits of your products. o You need to constantly communicate why your product is better than your competitors’ products. o People don’t buy what you do; they buy why you do it. o Customers are primarily interested in getting the lowest price for products. FEEDBACK
1 / 1  (100.0%) 5. Benny and Julie Benson are great role models who have taught us that: o To be successful, you need to locate your business in a large city o You find a lot more customers in larger cities than in smaller towns o You can build a strong business doing what you love where you want to live o All of the above are correct FEEDBACK 0 / 1  (0.0%) 6. The strong driving purpose behind the successful business Gail and Will Williams have built in Idaho is: o To get free passes at all the ski resorts they service o To utilize the large chicken coop sitting on their property o To serve the people in the area who work for their company o To keep themselves busy during their retirement FEEDBACK 1 / 1  (100.0%) 7. While living in a concentration camp during World War II, the psychiatrist Victor Frankl learned that: o The people who survived were the biggest and strongest physically o The people with the strongest purpose were the ones who survived o If you have a “why” to live for, you can overcome any “how” o The second and third answers are both correct FEEDBACK 1 / 1  (100.0%) 8. Which statement below is NOT true of the millennial workforce? o They care about the values of the companies they buy from. o They want to work for large corporations that pay the most. o They care about the values of the companies they work for. o They want to participate in meaningful work in their careers. FEEDBACK
1 / 1  (100.0%) 9. When you have a strong MOJO for running your business, you: o Play the victim and blame others when things go wrong o Take full responsibility for the success of your company o Are satisfied with bare minimum levels of performance o Feel obligated to do most of the things you do FEEDBACK 1 / 1  (100.0%) 10. Research on managing our thoughts shows that: o We tend to feel the way that we think o Negative thoughts produce brain chemicals associated with anxiety and depression o Positive and optimistic thoughts produce happy neurotransmitters in our brains o All of the above are correct based on research on managing our thoughts FEEDBACK 1 / 1 (100.0%)
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help