Test Bank Technology Ventures From Idea to Enterprise 5th Edition By Thomas Byers A+
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Description
1) Which of the following is the most critical component necessary to turn an idea into an enterprise?
A) A Viable Opportunity
B) Customer Need
C) Market Potential
D) Understanding of the Competitive Landscape
Answer: A
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2) Is a good idea sufficient to ensure an entrepreneur's success?
Answer: FALSE
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3) Which of the following best describes what entrepreneurship entails?
A) Running a Business
B) Creating Wealth
C) Taking Calculated Risks
D) Choosing your own hours
Answer: C
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4) High-growth start-ups are almost twice as likely to be launched by people over 55 as by people between the ages of 20 and 34.
Answer: TRUE
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5) Which of the following entrepreneurs has never held a title other than CEO?
A) Jeff Bezos
B) Steve Jobs
C) Elon Musk
D) None of the Above
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