Entrepreneurship Unit 2

Which of the following is necessary for potential entrepreneurs to determine the existence of goods and services?

• Form utility

• Demographic patterns

• Entrepreneurial discovery

• Business plan

As it pertains to entrepreneurial discovery, which of the following is true?

• It is a perpetual process that creates opportunities for going concern.

• It calculates long-term gains for potential businesses.

• Empowers uninterrupted growth

• Creates a blueprint for failure

Which of the following personality traits is required to identify new opportunities for successful capital ventures?

• Chivalry

• Awareness

• Honesty

• Bravery

Increased cultural diversity is an example of a:

• demographic trend.

• political trend.

• economic trend.

• regulatory trend.

In a free-enterprise economy, entrepreneurs will most likely utilize entrepreneurial discovery to accomplish which goal?

• Change economic policies

• Provide products that satisfy an unmet demand

• Decelerate technological discovery

• Revise regulatory requirements