WorksheetsChapter 8 Evaluating Opportunities
Total questions: 10
Worksheet time: 5mins
Which of the following is not part of a SWOT analysis?
threats
organizations
strengths
weaknesses
Critical thinking is an entrepreneurial mindset skill that involves
using the creative part of your mind to analyze or evaluate a situation
being critical of your business associates
thinking like a critic
using logic to analyze and evaluate a situation or object
Critical thinking involves
objectivity
logic
subjectivity
all of the above
To conduct an accurate cost/benefit analysis, don’t forget to include
calculated risk
threats
insurance benefits
opportunity cost
When performing a SWOT analysis of a business opportunity, your competitors would be
classified as a
threat
weakness
option
strength
If something is intangible, you can’t
see it
eat it
touch it
all of the above
A calculated risk is one that carefully considers the potential costs and benefits of an idea.
T
F
A SWOT analysis measures strengths, weaknesses, opportunities, and time frame.
T
F
Critical thinking is also called “vertical thinking.”
T
F
SWOT analysis is only useful when starting a business, not while operating a business.
T
F
