Opportunity recognition is the process of identifying and selecting entrepreneurial opportunities. It does not involve the development of those ideas.

Answer the following statement true (T) or false (F)


False

To determine which ideas are strong enough to become new ventures, entrepreneurs must go through a process of identifying, selecting, and developing potential opportunities. This is the process of opportunity recognition.

Business

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________ postulated that myths involve binary opposition, in which two opposing ends of some dimension are represented (such as good versus evil)

A) Levi-Strauss B) Freud C) Hofstede D) Bettelheim

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Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street in Metro City. Lily buys the property and then discovers that the street has no more traffic than any other in its vicinity. Lily may recover damages for

A. the city’s undue influence. B. the agent’s fraudulent misrepresentation. C. the buyer’s mistake. D. none of the choices.

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If an element contains eight electrons how many electrons will be placed in the second valence shell?

A. 8 B. 5 C. 6 D. 2 E. 11

Business

Answer the following statements true (T) or false (F)

1. The balance sheet shows why cash increased or decreased. 2. The statement of cash flows shows where cash came from and how cash was spent. 3. The statement of cash flows is dated the same as the balance sheet. 4. The statement of cash flows explains why net income as reported on the income statement does not equal the change in the cash balance.

Business