BYU ENT 101 Final Exam with
complete solutions latest version
Three myths of entrepreneurship - CORRECT ANSWER-1. Hero
2. Process
3. Money
fundamental attribution error - CORRECT ANSWER-People often attribute far
more success and far more failure to the individual than the individual actually
deserves, when in fact other, more difficult to observe factors, often play a critical
role in successful outcome
Entrepreneurship process model (5 steps) - CORRECT ANSWER-1.
Conceptualization
2. Ideation
3. Formulation
4. Germination
5. Implementation
5 phases of Nail It and Scale It - CORRECT ANSWER-Nail the pain
Nail the solution
Nail the marketing strategy
Nail the business model
Scale it
What is essential for making a sustainable business? - CORRECT ANSWER-
Profits, people, planet
Who said, "innovation distinguishes between a leader and a follower"? -
CORRECT ANSWER-Steve Jobs
Who said, "I never want to build something that nobody wants to buy"? -
CORRECT ANSWER-Thomas Edison
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