Joseph likes organizing tasks, however, he is risk-averse and does…
Question Answered step-by-step Joseph likes organizing tasks, however, he is risk-averse and does… Joseph likes organizing tasks, however, he is risk-averse and does not like taking initiative, would becoming an entrepreneur be ideal for him? No, entrepreneurs are risk-takers who take initiative and have excellent organizational skills. Yes, entrepreneurs should be risk-averse. Yes, all you need is good organizational skills to be an entrepreneur. No, entrepreneurs should rely on others to organize the business. Which one of the following is the BEST example of entrepreneurial creativity? Creating a flexible schedule Developing a new product which solves an existing problem Occasionally assuming the role of an employee Taking daring financial and operational risks The feasibility plan addresses which of the following? All answers are correct The size of the industry Whether the industry growing or declining If the industry as a whole profitable The Executive Summary of the business plan should be prepared to do all EXCEPT which of the following? Show the Appendices included in the business plan Serves an invitation to read the entire business plan Convince the loan manager that the business is a good idea Provides the main point of the business Which of the following Intellectual property has the standard protection of 20 years? Trade secret Trademark Utility Patent Designing a new product Which of the following is NOT a benefit of trademarks? Can help in promoting the services of the business Differentiates the business products from its competitors Helps in marketing the business Helps the entrepreneur to develop creativity Which of the following information would you NOT find in the financial section of a business plan? An income statement A cashflow statement A personal resume A balance statement Which one of the following is part of starting and running a business? Developing a marketing plan All of these are factors in starting or running a small business Managing people and production Selecting a business structure Which of the following is NOT a good method for determining the potential of a business idea? Identifying competitors, exploring why they have failed or succeeded and learning from them Surveying potential customers Contacting and getting guidance from Business Link Alberta Trusting your gut Andraline is a new entrepreneur opening up a new but small and innovative business idea What is the typical for the small business to be funded? Sale of stock only Bank loans only Sales of stock and bank loans Personal savings and bank loans Business Entrepreneurship BUSINESS M HBM010 Share QuestionEmailCopy link Comments (0)
