31. ________ is (are) used to generate a number of ideas quickly.

Select one:

a.Role-play scenarios

b.Brainstorming

c.Insight groups

d.Business proposal

32. Area No. 1 in Business Model Canvas is __________.

Select one:

a.revenue streams

b.channels

c.customer segments

d.value proposition

33. Which of the following questions is related to the value proposition in a BMC?

Select one:

a.Is there anyone in the same field who is doing the same job at a lower cost?

b.Which one of our customers' problem are we helping to solve?

c.What is the cost per unit of the product or services we offer?

d.How good or product worth in the market?

35. Which of the following is not one of the criterions for a formal brainstorming session?

Select one:

a.it is used for decision making

b.the session moves quickly

c.freewheeling is encouraged

d.no criticism is allowed

36. Which is not in the creative process phase?

Select one:

a.Idea

b.Background or knowledge accumulation

c.Planning

d.Incubation

37. Which of the following statements is incorrect regarding the personal traits of entrepreneurs?

Select one:

a.Some people think that entrepreneurs have a "sixth sense" that allows them to see opportunities that others can't.

b.Creativity is the process of generating novel or useful ideas.

c.Several studies show that former experience in an industry actually blinds an entrepreneur to recognize new opportunities in the same industry.

d.The degree and depth of an individual's social network affects opportunity recognition.

38. Key resources are the most important assets needed to make a business model work. Below is the key resource element, except _____.

Select one:

a.competitors

b.capital

c.networking

d.skills

16.Which of the following statements is incorrect in regard to entrepreneurial alertness?

Select one:

a.People who have more knowledge of an area tend to be more alert to opportunities in that area than others.

b.Alertness is largely a learned skill that to be acquired by anyone who desire to start their business.

c.The research findings and discussion on entrepreneurial alertness are uncontroversial.

d.The term "entrepreneurial alertness" is often related with a "sixth sense" that seems to allows some people to see opportunities that others can't.

Which is the proper sequence of events in developing successful business ideas?

Select one:

a.feasibility analysis, development of a business plan, opportunity recognition

b.opportunity recognition, feasibility analysis, development of a business plan

c.development of a business plan, opportunity recognition, feasibility analysis

d.feasibility analysis, opportunity recognition, development of a business plan

18. Innovation is _____.

Select one:

a.the process of producing ideas

b.the potential of individual achievement

c.the process of generating ideas

d.producing new products

19. The number one characteristic shared by successful entrepreneurs is:

Select one:

a.passion for the business

b.a desire to employ other people

c.a desire to fulfill a lifetime dream

d.a charismatic personality

17.