All about Entrepreneurship Chapter1

The best entrepreneurs use a formal problem-solving model to make decisions

• True

• False

Defining and quantifying the problem is the first step in the problem-solving model.

• True

• False

Quantifying a problem helps a business owner determine how much it is worth to them to solve it.

• True

• False

Identifying one or two possible solutions is usually sufficient.

• True

• False

The problem-solving process is not complete until the action is evaluated.

• True

• False

Good communication and listening skills are vital to the problem-solving process.

• True

• False

Brainstorming is always done in a group setting: it is a useless activity for an individual.

• True

• False

Following a brainstorming session, a decision should be made immediately.

• True

• False

Entrepreneurship should not be afraid or making mistakes.

• True

• False

People who are hired to work for someone else