Lesson 1

Question 1

It is a pattern of thinking or behavior
of one or more individuals
or groups of individuals

Answer 1

MINDSET

Question 2

a complex mental state
involving
your beliefs, feelings,
values, and
dispositions
to act in
certain
ways

Answer 2

ATTITUDE

Question 3

Definition of MINDSET according to Meriam Webster Dictionary

Answer 3

a mental attitude or inclination

Question 4

is a series of self-perceptions or beliefs people hold about
themselves. These determine behavior, outlook
and mental attitude

Answer 4

MINDSET

Question 5

Example of MINDSET

Answer 5

believing you are either ‘intelligent’ or ‘unintelligent’

Question 6

Two types of people’s mentality or mindset

Answer 6

Fixed Mentality or Fixed Mindset
Growth Mindset or Growth Mindset

Question 7

sees individuals’ abilities as innate traits and sees failure as
a lack of basic skills needed.

Answer 7

FIXED MENTALITY/MINDSET

Question 8

Inborn or natural;
In tagalog
“likas”

Answer 8

INNATE

Question 9

sees themselves capable to gain any ability through hard
work and persistence

Answer 9

GROWTH MENTALITY/MINDSET

Question 10

determination or perseverance;
In tagalog “pagpupursigi”

Answer 10

persistence

Question 11

Example of Fixed and Growth Mindset

Answer 11

FIXED MINDSET:
• I’m either good at something or I’m not.
• I’m already a really good writer. I don’t need to get nay better.

GROTH MINDSET:
• I can improve my skills with effort and practice.
• There’s always room for improvement.

Question 12

FAMOUS ENTREPRENEURS

Answer 12

1. Soccoro C. Ramos
2. Henry Sy, Sr.
3. Tony Tan Caktiong
4. Lucio Tan

Question 13

Owner of SM

Answer 13

Henry Sy, Sr.

Question 14

Owner of National Book Store, Inc.

Answer 14

Soccoro C. Ramos “Nanay Coring”

Question 15

Chairman, Jollibee Foods Corp.

Answer 15

Tony Tan Caktiong

Question 16

Owner or Philippine Airlines

Answer 16

Lucio Tan

Question 17

“While I am not big with words, I am big and bold in my dreams and vision.”
Quote by?

Answer 17

Henry Sy, Sr.

Question 18

“Work hard, very hard. There is no express elevator to success – you have to climb the stairs.”
Quote by?

Answer 18

Soccoro C. Ramos “Nanay Coring”

Question 19

“If you dream big and put your dreams into action you will indefinitely make mistakes. But don’t be scared to make mistakes. Just be quick to recognize them and learn from them as fast as you can.”
Quote by?

Answer 19

Tony Tan Caktiong

Question 20

“Entrepreneurs should never give up due to failure. Not just entrepreneurs, but people of whatever profession all of us should learn from our setbacks. We should never surrender to despair.”
Quote by?

Answer 20

Lucio Tan

Question 21

Other businesses of Lucio Tan aside from the Philippine Airlines

Answer 21

Asia brewery, Tanduay, Fortune Tobacco, Allied Bank, etc.

Question 22

He is a Professor of Psychology at Stanford University who identified two types of people’s mentality or mindset and reveals two primary sources of mindset forms.

Answer 22

Carol Dweck

Question 23

two primary sources of mindset forms.

Answer 23

Praising
Labeling

Question 24

Two types of Praising

Answer 24

• personal praise/praising
• process praise/praising

Question 25

praising someone’s talents or labeling them as “smart," promotes a fixed mindset

Answer 25

Personal praise

Question 26

emphasizes the effort a person puts in to accomplish a task

Answer 26

Process praise

Question 27

“See, you are good at math. You got an A on your test.” “Ang galing mong mag bake ng cake. Kaya pala daming umoorder.” What type of praise are those examples?

Answer 27

Personal Praise

Question 28

“I’m impressed by how hard you studied for your math test. “Sa nakikita kung proseso at ingredients na ginagamit mo sa pag bake kaya masarap ang cake.” What type of praise are those examples?

Answer 28

Process Praise

Question 29

It involves assigning people characteristics based on stereotypes or associations with different groups.

Answer 29

LABELING

Question 30

Example of labeling

Answer 30

that girls are bad at math or that boys are bad at reading

Question 31

HOW TO UNFIX A FIXED MINDSET

Answer 31

o Focus on the journey o Incorporate “yet” o Pay attention to your words and thoughts o Take on challenges

Question 32

DECISION-MAKING MODES

Answer 32

PERCEPTION INTUITION/INSIGHT

Question 33

a way of regarding, understanding, or interpreting something

Answer 33

PERCEPTION

Question 34

a mental impression.

Answer 34

PERCEPTION

Question 35

is slow, rational, mindful, thoughtful, and deliberate thinking.

Answer 35

perception

Question 36

*an ability to understand or know something immediately based on your feelings rather than facts.

Answer 36

INTUITION/INSIGHT

Question 37

*an immediate understanding about something that you don’t need to know the reason why you did it.

Answer 37

INTUITION/INSIGHT

Question 38

is the feeling before thinking, it is instantaneous, unconscious, automatic, and emotional

Answer 38

Intuition

Question 39

a product of the evolutionary history of decision-making which helps to create expectations, connect inconsistencies and alert a person to potential problems

Answer 39

INTUITION/INSIGHT

Question 40

is the least understood aspect of managerial cognition

Answer 40

Intuition

Question 41

the innate ability for an entrepreneur to see, sense, and take advantage of an opportunity

Answer 41

ENTREPRENEURIAL INTUITION

Question 42

Airplane Inventors

Answer 42

Wilbur & Norville Wright (WRIGHT BROTHERS)

Question 43

They built and flew world’s first motoroperated airplane in 1903.

Answer 43

Wilbur & Norville Wright

Question 44

they set out for Europe in this what year hoping to gain public acceptance and sell airplanes?

Answer 44

1908

Question 45

The Wright brothers built and flew the world’s first motor operated airplane in what year?

Answer 45

1903

Question 46

Later the brothers found a wider public acceptance in what country?

Answer 46

France

Question 47

The brother became huge celebrities in Europe and began selling their airplanes in what year?

Answer 47

1909

Question 48

they also persistently followed the research of this person

Answer 48

Otto Lilienthal

Question 49

ENTREPRENEURS SKILLS/CHARACTERISTICS POSSESESS BY THE WRIGHT BROTHERS

Answer 49

o Fascination o Interest o Persistent o Perseverance o Hard work (FIPPH)

Question 50

ENTREPRENEURS GROWTH MINDSET

Answer 50

o Risk taker o Creativity o Innovation

Question 51

a person who is willing to do things that involve danger or risk in order to achieve a goal

Answer 51

RISK TAKER

Question 52

the tendency to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others

Answer 52

CREATIVITY

Question 53

is the ability to develop new ideas and solutions to problems

Answer 53

Entrepreneurial creativity

Question 54

a new method, idea, product, etc

Answer 54

INNOVATION

Question 55

is any new idea, process, or product, or a change to an existing product or process that adds value to that existing product or service

Answer 55

innovation

Question 56

He defined innovation as a process of creative destruction – the process of developing and introducing new ways of doing things and abandoned the old ones

Answer 56

SCHUMPETER

Question 57

(11) CHARACTERISTICS OF ENTREPRENEURIAL MINDSET

Answer 57

1. Lifelong learning and openness to change; 2. Engagement in a complex and uncertain world; 3. Creative and innovative approaches to problem-solving; 4. Belief and confidence in one’s own capacity and competency to be entrepreneurial; 5. Desire, motivation and intention to practice entrepreneurship and behave entrepreneurially; 6. Taking initiative and personal responsibility for actions; 7. Pursuit of goal-attainment through personal mastery and value creation; 8. Recognizing opportunities; 9. Grit and perseverance in the face of challenges; 10. Taking risks that lead to learning, growth, and values; and 11. A belief in one’s ability to influence.

Question 58

a person's view of his or herself or of any of the mental or physical attributes that constitute the self

Answer 58

SELF-PERCEPTION