Entrepreneurship Fundamentals Quizzes

20 course points · Equally weighted quiz percentages · One lowest score dropped

🌎 Overview

Our fundamentals quizzes check your understanding of the vocabulary and ideas we’ll use throughout the course. You’ll work independently, drawing on the assigned glossary, readings, and class discussion.

The series covers six areas: terms and concepts; recognizing and shaping opportunities; developing business plans and pitching opportunities; experimenting in the entrepreneurial venture; attracting talent and building ecosystems; and financing entrepreneurial ventures. Check the course schedule and each eLC quiz for the assigned material and timing.

🤔 Rationale

A shared vocabulary helps us spend our class time on more interesting questions. Once you can explain a concept, you can use it to investigate a founder’s decisions, compare approaches, and make a stronger recommendation of your own.

Prepare to explain what an idea means, why it matters, and how it works in a business. Recognizing a familiar term is a useful start; being able to use it is the goal.

🏗️ Structure

Preparing

Study the assigned glossary and readings, along with relevant explanations from class. Develop working definitions in your own words, practice distinguishing related concepts, and try applying them to a concrete example. If a reading presents a process or a set of tradeoffs, make sure you can explain how the pieces fit together.

Taking the quizzes

Quizzes may include selected-response questions, short written answers, and other question types shown in eLC. Read each prompt carefully: explaining a distinction, identifying several components, and discussing advantages and disadvantages require different kinds of answers. Respond to every part of the question.

All quizzes are closed-note. You may not use outside resources while taking them. Complete quizzes individually, and follow the instructions and time limit displayed in eLC.

Quizzes designated in person must be taken in person. For an approved remote quiz following an excused absence, the existing course requirements apply: a lockdown browser and an AI-powered virtual proctor, with your webcam and microphone on. Follow the posted setup instructions before your quiz begins.

Absences and makeups

Makeups aren’t ordinarily available. Exceptions require unusual hardship, emergent extenuating circumstances, or an arrangement approved in advance. Contact me as soon as you know you need an arrangement. The dropped-score rule below provides a buffer for a missed quiz or a rough day.

📓 Grading

Individual questions

Each question has the point value shown in eLC. Selected-response questions are scored according to their answer key and configured scoring rules. Written answers are evaluated for accuracy, completeness, and the explanation the prompt asks for:

Full credit: The answer is accurate and addresses all parts of the prompt. When an explanation or application is requested, it makes the relevant reasoning clear. Accurate wording in your own voice is welcome.
Partial credit: The answer demonstrates some correct understanding but leaves out a required part, explains an idea incompletely, or mixes correct reasoning with an error. Credit reflects the understanding actually demonstrated.
No credit: The response is blank, doesn’t address the question, or doesn’t demonstrate relevant correct understanding.

You don’t need to turn a short answer into a miniature essay. You do need to provide enough detail to show what you understand. A list of terms won’t fully answer a question that asks you to explain their significance.

Course points

The entire quiz category is worth 20 course points. Here’s how it works:

Convert each quiz score to a percentage of that quiz’s possible points.
Drop your one lowest quiz percentage, including a zero for a missed quiz.
Average the remaining percentages. Each retained quiz counts equally, even if quizzes have different raw point totals.
Multiply that average, expressed as a decimal, by 20.

For example, if your retained quiz percentages average 85%, you earn 17 of the 20 course points. There’s no additional conversion scale. An approved exemption is excluded from the calculation rather than recorded as a zero.

The previously published syllabus bonus remains in place: emailing me by the close of drop/add with hustle and your ENTR section time in the subject line earns two extra points on a quiz of your choosing. That original deadline still applies.

⏰ Timeline

Only two quizzes have been assigned so far. The six topic areas below are course content; listing a topic does not assign a quiz.

Topic	Assigned status / timing
Fundamental Terms and Concepts	Not assigned; the old September 1 quiz date is withdrawn
Recognizing and Shaping Opportunities	Assigned: in person, September 8
Developing Business Plans and Pitching Opportunities	Assigned: remote, September 14 at 11:59 p.m. Eastern
Experimenting in the Entrepreneurial Venture	Not assigned; disregard its old quiz date
Attracting Talent and Building Ecosystems	Not assigned; disregard its old quiz date
Financing Entrepreneurial Ventures	Next quiz timing remains unconfirmed; no exact date is assigned

Open eLC for assigned quizzes and grades. Use the current schedule and course announcements for new assignments.

Follow the course schedule and the deadline posted for each quiz in eLC. Complete the assigned preparation before you begin, and leave time for any required technical setup.

After each quiz, review the feedback available to you and revisit concepts you missed. Those ideas will keep showing up in our cases, discussions, and final project. The lowest-score drop is applied when the quiz category is calculated.

Source: Fall 2026 course syllabus — Entrepreneurship Fundamentals Quizzes, reviewed October 7, 2026 and reconciled with John’s current instructions. Current requirements and deadlines are maintained on this course site.