E OBJ 2.02 MC

When generating ideas for business, entrepreneurs often look for ways to

• solve problems

• control outcomes

• rationalize spending

• increase liability

Which of the following statements is true regarding training for entrepreneurial ventures:

• The type of training and education that entrepreneurs need depends on the nature of the start-up business.

• Most successful entrepreneurs have college degrees.

• The type of training and education that entrepreneurs need depends on the nature of the start-up business.

• Once entrepreneurs are educated or trained in their business, the rarely need further education/training.

A business cannot control its

• external environment

• research and development

• production

• personnel

Entrepreneurs often discover business start-up ideas by looking for gaps between what is currently being done and

• what needs to be done

• how things are being done

• when changes were made the last time

• what was done in the past

A main reason that environmental scanning is important is so that businesses can be aware of

• potential threats

• foreign markets

• competitors' internal environments

• new products

The steps in the design thinking process are: defining, empathizing, ideating, prootyping, and testing

• True

• False

Design thinking helps

• businesses develop practical and innovative solutions for problems

• companies hire employees

• businesses sell products

• customers buy all types of products