Etp test 1

If a new firm was launched to help businesses comply with The Affordable Care Act, that opportunity was created by ________.

political actions and regulatory changes

A network entrepreneur is an individual who identifies his or her business idea ________.

through social contacts

Brad Johnson is starting an upscale men's clothing store in a mall near Seattle. He wants to open his store during the time period in which a business like his can realistically enter the new market. Brad is trying to open his business while the ________ is open.

window of opportunity

Jessica Smith is thinking about starting a chain of fitness centers for young adults ages 18 to 30. Which of the following is not an appropriate Criterion for Jessica to test her idea against?

Determine whether a fitness center for young adults 18 to 30 meet the threshold for being a good idea

Economic forces impact the opportunities available to entrepreneurs. Which of the following alternatives reflects a set of economic forces that would be of interest to entrepreneurs?

Housing starts, customer spending patterns, instability of interest rates

Macy is a very creative person. Often, when trying to generate a novel or useful idea, she spends several days "mulling over" the idea, which is her way of thinking it through, at both the conscious and unconscious level. The stage of the creative process that Macy is in while she is mulling over an idea is referred to as ________.

Incubation

A____is a favorable set of circumstances that creates the need for a product, service, or business. A _______Is a thought, onion pression, or a notion.

Opportunity, idea

Which of the following statements is incorrect regarding the personal characteristics of entrepreneur?

Several studies show that prior experiences in an industry actually blinds an entrepreneur to the recognition of new opportunities in the same industry

Which of the following statements is incorrect regarding entrepreneurial alertness?

The research findings on entrepreneurial alertness are conclusive

According to research in this area, it is more likely that an entrepreneur will get a business idea through a______relationship than The alternatives.

Weak-tie