Entrepreneurship REVIEW.!!!

Which of the following is an operationsl issue that entrepreneurs must consider when planning their business:

Production process

Which of the following personality triats is often associated with creative people:

Acting independently

Identifying new product opportunities usually requires a person to be

Aware

Regan is deciding if she is willing to give up a secure position with a well-known company so she can start a home-based business. Which of the following risks is Regan assessing:

Career

Which of the following is a characteristic of a well-conducted feasibility study:

Complete

Which of the following is usually a characteristic of a creative person:

Likes to seek ut new challenges

Which of the following is a global trend that might encourage an entrepreneur to consider international business opportunities:

Lower tariffs

When planning for her new business Janine allocates two percent of the company's estimated annual sales to web and newspaper advertising Janine is developing a

Promotional budget

Which of the following is a tool that an entrepreneur develops to project sales for a new business venture:

Sales forecast

Entrepreneurialndiscorery is an important process in a free-enterprise economic system because an entrepreneur or small-business owner can

Satisft an unmet demand

The primary purpose of a feasibility study is to answer which of the following questions:

Should we proceed with this project?

Which of the following statements is true about business start-up requirements:

The financial needs to start a new business depend of the nature of the venture

When determining venture-creation opportunities, entrepreneurs must first

conduct research

After a Korean auto manufacturer built a pant in Ames,Iowa, Kwan noticed a substantial growth of Korean residents in the area, many of whom were relocated to Ames to work for the plant. Kwan decided to import Korean goods and sell them in a small Korean specialty store newar town. This is an exampled of a product opportunity reusulting from

differences in priority.

One-time start-up costs often include _______ fees

incorporation

Emotional risks that many entrepreneurs face incude

marital tensions and family problems

People who are naturally creative often are

mentally flexible

Jessica's hobby is making jewelry. There is potential to sell her bracelets and earrings on eBay. This is an examble of identifying a product opportunity by considering

personal experiences

An entrepreneur considers venture location and finanicl needs during the _____ process

planning

Costs of sales for a new manufacturing venture typically include

raw materials, equipment, and product inventory