17 Questions
What is the main idea behind the Bird-in-hand Principle?
To start with what you have and achieve your goal
What is the primary focus of the Pilot in the Plane Principle?
Building the future through activities within your control
What is the main idea behind the Affordable Loss Principle?
To limit your risk by understanding what you can lose at each step
What is the Patchwork Quilt Principle about?
Forming strategic partnerships and networks
What type of entrepreneur is described as bringing ideas to life through tangible plans?
The Maker
What is the Lemonade Principle about?
Leveraging contingencies and using them as clues to pivot
What is the origin of the word 'entrepreneur'?
A thirteenth-century French verb
What are the key characteristics of entrepreneurship?
Innovative, Flexible, Dynamic, Risk taking
What is the state of effortless productivity described in the text?
Flow
What is the process of entrepreneurship, according to the text?
Discovering new ways of combining resources
What is required per team to monitor attendance and participation?
An index card
What is the total number of quizzes for Midterms?
Three (3) quizzes
What is a key characteristic of a Magician?
They challenge the status quo and navigate uncharted territories.
Which type of entrepreneur is skilled at building relationships?
Mobilizer
What is a characteristic of a Merchant?
They quickly spot market opportunities and needs.
What type of entrepreneur is likely to simplify complex problems?
Maker
What is NOT a characteristic of a Magician?
They are skilled at building relationships.
Take this quiz to test your knowledge on entrepreneurship in the tourism and hospitality industry. This quiz covers the basics of entrepreneurship and its application in the tourism and hospitality sector. Assess your understanding of the key concepts and principles of entrepreneurship in this field.
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