Answer the following statement(s) true (T) or false (F)
11. In the building approach, information about how to proceed is readily available.
12. Entrepreneurs who have alertness rationally and systematically search their environment or their particular information sets for opportunities.
13. Research shows that entrepreneurs with preexisting knowledge of an industry or market are more likely to recognize opportunities than entrepreneurs who have less experience.
14. Typically, entrepreneurs go through three processes before they are able to identify an opportunity for a new business venture: idea generation, creativity, and opportunity recognition.
15. The purpose of the creativity stage is to transform ideas into opportunities
16. Every idea is an opportunity
17. There are no formal approaches to thinking creatively, so creative inspiration must be left to chance.
11. False
12. False
13. True
14. True
15. True
16. False
17. False
You might also like to view...
In the context of job satisfaction, which of the following occurs when leaders or followers are unclear about what they need to do and how they should do it?
A. role conflict B. rater bias C. role ambiguity D. the contagion effect
If an intended benefit of an IT project is improved decision making, managers should develop a set of metrics to quantify the value of an improved decision
Indicate whether the statement is true or false
The structure of an organization is similar to a pyramid. The different levels require different types of information to assist with which of the following?
A. Opportunity capturing B. Problem solving C. Decision making D. All of the choices are correct
Joanette, Inc., is considering the purchase of a machine that would cost $240,000 and would last for 5 years, at the end of which, the machine would have a salvage value of $48,000. The machine would reduce labor and other costs by $62,000 per year. Additional working capital of $7,000 would be needed immediately, all of which would be recovered at the end of 5 years. The company requires a minimum pretax return of 17% on all investment projects. (Ignore income taxes.)Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.Required:Determine the net present value of the project.
What will be an ideal response?