ENT 1 Objective 2.03 Quiz

Chad Collins
Quiz by Chad Collins, updated more than 1 year ago
Chad Collins
Created by Chad Collins almost 4 years ago
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Description

ENT 1 Objective 2.03 Quiz

Resource summary

Question 1

Question
Which a global trend that might encourage an entrepreneur to consider international business opportunities?
Answer
  • Higher allowances
  • Lower tariffs
  • Enforceable trade agreements
  • Flexible currency rates

Question 2

Question
One factor that an entrepreneur should consider while assessing a venture opportunity is whether it will encounter which situation?
Answer
  • Lead to more opportunities
  • Require employee loyalty
  • Involve complicated paperwork
  • Satisfy the needs of vendors

Question 3

Question
Jessica’s hobby is making jewelry. There is potential to sell her bracelets and earrings on eBay. This is an example of identifying a product opportunity by considering which factors?
Answer
  • Demographic changes
  • Business processes
  • Consumer attitudes
  • Personal experiences

Question 4

Question
When determining venture-creation opportunities, entrepreneurs must first perform which action?
Answer
  • Obtain financing
  • Conduct research
  • Identify staffing needs
  • Select a location
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