Question 1

What strategies are employed to enhance and modify existing ideas in order to create better alternatives and new possibilities?

Accepted Answer

A) development strategies 
B) interpersonal strategies 
C) relationship-seeking strategies 
D) habit-breaking strategies 
A) development strategies 
B) interpersonal strategies 
C) relationship-seeking strategies 
D) habit-breaking strategies A

Question 2

According to the text,all forms of value are predicated on what assumption?

Accepted Answer

A) The entrepreneur is emotionally invested in the product or service. 
B) There is an existing market for a product or service that can be tapped into. 
C) There is a market populated with enough people to buy your product or service. 
D) The product or service is able to reach a large,diverse audience. 
A) The entrepreneur is emotionally invested in the product or service. 
B) There is an existing market for a product or service that can be tapped into. 
C) There is a market populated with enough people to buy your product or service. 
D) The product or service is able to reach a large,diverse audience. C

Question 3

Pattern recognition is the process of identifying links or connections between ______.

Accepted Answer

A) unrelated things or events 
B) related things or events 
C) product and customer 
D) value and demand 
A) unrelated things or events 
B) related things or events 
C) product and customer 
D) value and demand A

Question 4

Habit-breaking strategies involve consciously making links between concepts or ideas not normally associated with each other.

Accepted Answer

A) True 
 B)False

Question 5

Gwen uses a process that identifies links or connections between apparently unrelated things or events to create new ideas and opportunities.What best describes what Gwen is doing?

Accepted Answer

A) alertness 
B) pattern recognition 
C) prior knowledge 
D) development strategy 
A) alertness 
B) pattern recognition 
C) prior knowledge 
D) development strategy

Question 6

The ______ stage of the IDEATE method involves expanding a concept to new applications.

Accepted Answer

A) identify 
B) enhance 
C) discovery 
D) expose 
A) identify 
B) enhance 
C) discovery 
D) expose

Question 7

Gael is an entrepreneur.To get new ideas,she suspends disbelief and drops constraints in order to create unrealistic states or fantasies.Gael uses which of the following?

Accepted Answer

A) the finding approach 
B) habit-breaking strategies 
C) imagination-based strategies 
D) interpersonal strategies 
A) the finding approach 
B) habit-breaking strategies 
C) imagination-based strategies 
D) interpersonal strategies

Question 8

The most common form of value is social value.

Accepted Answer

A) True 
 B)False

Question 9

Define pattern recognition and describe how you would apply this to opportunities generated for your entrepreneurship.

Accepted Answer

Pattern recognition is the process of id

Question 10

Janet likes to take the time to think carefully about a problem by breaking it up into pieces so that she can look at it in a more general way.This,she finds,helps her generate ideas about how certain products and services can be improved or made more innovative.Which of the following terms applies to Janet?

Accepted Answer

A) active search 
B) alertness 
C) analytical strategies 
D) building approach 
A) active search 
B) alertness 
C) analytical strategies 
D) building approach

Question 11

Jason Craparo,who founded an online platform that enables users to connect and share information with each other,thereby bypassing the use of paper-based business cards,is an example of an entrepreneur who took the search pathway.

Accepted Answer

A) True 
 B)False

Question 12

Zayden is a successful entrepreneur who is ready for a new venture.He's not quite sure what he will embark on,but he is actively looking at several areas that are interesting to him to find a new opportunity.Which of the four pathways to opportunity identification is Zayden taking?

Accepted Answer

A) effectuating opportunities 
B) finding opportunities 
C) the search pathway 
D) the design pathway 
A) effectuating opportunities 
B) finding opportunities 
C) the search pathway 
D) the design pathway

Question 13

Ideas need to be unique or novel to appeal to customers.

Accepted Answer

A) True 
 B)False

Question 14

What is the first step in creating and identifying opportunities?

Accepted Answer

A) market analysis 
B) cost-benefit analysis 
C) idea generation 
D) product testing 
A) market analysis 
B) cost-benefit analysis 
C) idea generation 
D) product testing

Question 15

Latent needs are those which everyone can identify but no one seems able to fill.

Accepted Answer

A) True 
 B)False

Question 16

The search approach is the most common form of identifying new opportunities.

Accepted Answer

A) True 
 B)False

Question 17

A large market is required for a product or service to have value.

Accepted Answer

A) True 
 B)False

Question 18

What strategies involve suspending disbelief and dropping constraints in order to create unrealistic states,or fantasies?

Accepted Answer

A) analytical strategies 
B) search strategies 
C) imagination-based strategies 
D) development strategies 
A) analytical strategies 
B) search strategies 
C) imagination-based strategies 
D) development strategies

Question 19

Cognitive styles attributed to successful entrepreneurs and that are thought to influence opportunity recognition include ______.

Accepted Answer

A) attention to detail,adaptability,and wariness 
B) persistence and skepticism 
C) selflessness and self-motivation 
D) intelligence,creativity,and self-efficacy 
A) attention to detail,adaptability,and wariness 
B) persistence and skepticism 
C) selflessness and self-motivation 
D) intelligence,creativity,and self-efficacy

Question 20

According to the text,what three criteria does an idea have to meet in order to be rated as an innovation?

Accepted Answer

A) longevity,utility,inventiveness 
B) efficiency,creativity,and authenticity 
C) reliability,profitability,and desirability 
D) novelty,usefulness,and value 
A) longevity,utility,inventiveness 
B) efficiency,creativity,and authenticity 
C) reliability,profitability,and desirability 
D) novelty,usefulness,and value

What strategies are employed to enhance and modify existing ideas in order to create better alternatives and new possibilities?

According to the text,all forms of value are predicated on what assumption?

Pattern recognition is the process of identifying links or connections between ______.

Habit-breaking strategies involve consciously making links between concepts or ideas not normally associated with each other.

Gwen uses a process that identifies links or connections between apparently unrelated things or events to create new ideas and opportunities.What best describes what Gwen is doing?

The ______ stage of the IDEATE method involves expanding a concept to new applications.

Gael is an entrepreneur.To get new ideas,she suspends disbelief and drops constraints in order to create unrealistic states or fantasies.Gael uses which of the following?

The most common form of value is social value.

Define pattern recognition and describe how you would apply this to opportunities generated for your entrepreneurship.

Jason Craparo,who founded an online platform that enables users to connect and share information with each other,thereby bypassing the use of paper-based business cards,is an example of an entrepreneur who took the search pathway.

Zayden is a successful entrepreneur who is ready for a new venture.He's not quite sure what he will embark on,but he is actively looking at several areas that are interesting to him to find a new opportunity.Which of the four pathways to opportunity identification is Zayden taking?

Ideas need to be unique or novel to appeal to customers.

What is the first step in creating and identifying opportunities?

Latent needs are those which everyone can identify but no one seems able to fill.

The search approach is the most common form of identifying new opportunities.

A large market is required for a product or service to have value.

What strategies involve suspending disbelief and dropping constraints in order to create unrealistic states,or fantasies?

Cognitive styles attributed to successful entrepreneurs and that are thought to influence opportunity recognition include ______.

According to the text,what three criteria does an idea have to meet in order to be rated as an innovation?

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters

Exam 3: Creating and Recognizing New Opportunities

What strategies are employed to enhance and modify existing ideas in order to create better alternatives and new possibilities?

According to the text,all forms of value are predicated on what assumption?

Pattern recognition is the process of identifying links or connections between ______.

Habit-breaking strategies involve consciously making links between concepts or ideas not normally associated with each other.

Gwen uses a process that identifies links or connections between apparently unrelated things or events to create new ideas and opportunities.What best describes what Gwen is doing?

The ______ stage of the IDEATE method involves expanding a concept to new applications.

Gael is an entrepreneur.To get new ideas,she suspends disbelief and drops constraints in order to create unrealistic states or fantasies.Gael uses which of the following?

The most common form of value is social value.

Define pattern recognition and describe how you would apply this to opportunities generated for your entrepreneurship.

Jason Craparo,who founded an online platform that enables users to connect and share information with each other,thereby bypassing the use of paper-based business cards,is an example of an entrepreneur who took the search pathway.

Zayden is a successful entrepreneur who is ready for a new venture.He's not quite sure what he will embark on,but he is actively looking at several areas that are interesting to him to find a new opportunity.Which of the four pathways to opportunity identification is Zayden taking?

Ideas need to be unique or novel to appeal to customers.

What is the first step in creating and identifying opportunities?

Latent needs are those which everyone can identify but no one seems able to fill.

The search approach is the most common form of identifying new opportunities.

A large market is required for a product or service to have value.

What strategies involve suspending disbelief and dropping constraints in order to create unrealistic states,or fantasies?

Cognitive styles attributed to successful entrepreneurs and that are thought to influence opportunity recognition include ______.

According to the text,what three criteria does an idea have to meet in order to be rated as an innovation?

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters