ENT3003 Exam 1 ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Social factors may make starting a business harder. (t/f) True
Which is a primary reason marginalized groups may face access to resources
more obstacles to entrepreneurship?
, Planning future actions in a changing market is part of anticipate
which IDEATE phase?
During the Target phase of IDEATE, you are ______. figuring out where to sell your product
The IDEATE process helps you generate new ideas. (t/f) True
During the Discover phase of IDEATE, you are merely False
enhancing the ideas you identified. (t/f)
An entrepreneur adds a new feature to an existing enhance
product to improve it. Which phase of IDEATE is this?
Which pathway involves an entrepreneur using their own search
information or skills as a starting base to look for
opportunities?
Creating opportunities is the effectuate pathway. T/f True
Using the design pathway is most likely to uncover ______ Latent
needs.
Which pathway to opportunity involves an entrepreneur find
taking action to solve a problem that is evident?
Someone able to see links between events and trends pattern recognition
demonstrates which of the following?
Most inventions come from generating a single idea. t/f False
Having all team members come up with as many ideas as Brainstorming
possible is an example of __ _.
The type of idea-generating strategy used when scanning
someone uses their experience and knowledge to
become alert to existing opportunities is ___ _.
Which refers to a state of being that allows us to alertness
recognize opportunities even when we are not looking?
All inventions will become innovations. T/F False
All opportunities in life are business opportunities. T/F False
The startup Bios Urn created a biodegradable urn to Environmental
reduce pollution associated with burials. This represents a
type of ____ value.
Social factors may make starting a business harder. (t/f) True
Which is a primary reason marginalized groups may face access to resources
more obstacles to entrepreneurship?
, Planning future actions in a changing market is part of anticipate
which IDEATE phase?
During the Target phase of IDEATE, you are ______. figuring out where to sell your product
The IDEATE process helps you generate new ideas. (t/f) True
During the Discover phase of IDEATE, you are merely False
enhancing the ideas you identified. (t/f)
An entrepreneur adds a new feature to an existing enhance
product to improve it. Which phase of IDEATE is this?
Which pathway involves an entrepreneur using their own search
information or skills as a starting base to look for
opportunities?
Creating opportunities is the effectuate pathway. T/f True
Using the design pathway is most likely to uncover ______ Latent
needs.
Which pathway to opportunity involves an entrepreneur find
taking action to solve a problem that is evident?
Someone able to see links between events and trends pattern recognition
demonstrates which of the following?
Most inventions come from generating a single idea. t/f False
Having all team members come up with as many ideas as Brainstorming
possible is an example of __ _.
The type of idea-generating strategy used when scanning
someone uses their experience and knowledge to
become alert to existing opportunities is ___ _.
Which refers to a state of being that allows us to alertness
recognize opportunities even when we are not looking?
All inventions will become innovations. T/F False
All opportunities in life are business opportunities. T/F False
The startup Bios Urn created a biodegradable urn to Environmental
reduce pollution associated with burials. This represents a
type of ____ value.
