Let's check rst what you already know. True or False . On the space provided before the number, write T if the statement is true and F if the statement is false. _____ 1. An entrepreneur enters a business because of its profitability. _____ 2. New business ideas provide business opportunities. 3. The entrepreneurial process starts with identification of entrepreneurial opportunities 4. Not all changes in the external environment provides business opportunities _____ 5. Discovery and advancement in the use of technology are additional good sources of business opportunities 6. Interest and hobbies of the people are possible good sources of entrepreneurial ideas . TI". The indusby environment of the business is under technological discovery and advacement sources of opportunities _____ B. The variables in the physical environment include the economic forces. _____ 9. Entrepreneurial heart flame refers to the ability of the entrepreneur to sense without using the five senses. 1D. Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic Fight. 11. The business operates in the industry environment. 12. Opening a Haio halo business during summer season is ideal . 13. Environmental scanning is conducted only when a new business is opened. ____ 14. When the barriers to the competitive forces are high, the effect to the growth of the business is likewise high. _____ 15. Entrepreneurs need not observe and evaluate the priorities of the governm ent