BYU ENT 101 Final Exam ACTUAL UPDATED QUESTIONS AND CORRECT
ANSWERS
Three myths of entrepreneurship 1. Hero
2. Process
3. Money
**not passion
fundamental attribution error People often attribute far more success and far more failure to the individual than
the individual actually deserves
Entrepreneurship process model (5 steps) 1. Conceptualization, has idea
2. Ideation, raise money
3. Formulation, location and build product
4. Germination, test and perfect product
5. Implementation, sell it
ANSWERS
Three myths of entrepreneurship 1. Hero
2. Process
3. Money
**not passion
fundamental attribution error People often attribute far more success and far more failure to the individual than
the individual actually deserves
Entrepreneurship process model (5 steps) 1. Conceptualization, has idea
2. Ideation, raise money
3. Formulation, location and build product
4. Germination, test and perfect product
5. Implementation, sell it