BSM1501 Assignment 3 Semester 2 2023 (Answers)

BSM1501 Assignment 3 Semester 2 2023 (Answers) QUESTIONS ASKED: Time left 0:24:24 Question 1 Answer saved Marked out of 1.00 Flag question Question text If an entrepreneur came to the conclusion that there was a need for a certain product or service in a specific area, the entrepreneur would have used _______ to generate the idea of an enterprise. a. other sources b. his/her skills, expertise and aptitudes c. common needs d. everyday activities Clear my choice Question 2 Answer saved Marked out of 1.00 Flag question Question text An entrepreneur worked in a certain industry for eight years. To generate a business idea of starting his own enterprise, the entrepreneur used his/her _______. a. skills b. expertise c. aptitudes d. talents Question 3 Not yet answered Marked out of 1.00 Flag question Question text A bow-tie diagram could have been used to develop the entrepreneur’s idea in terms of the _______ of the idea. a. viability b. market potential c. essence d. feasibility Question 4 Not yet answered Marked out of 1.00 Flag question Question text An entrepreneur would do a feasibility study to _______. a. do a general examination of an idea b. determine the market potential of an idea c. determine the profit potential of an idea d. do an in-depth investigation of an idea Question 5 Not yet answered Marked out of 1.00 Flag question Question text An entrepreneur would have used a bow-tie diagram to develop and evaluate a business idea in terms of _______. a. cost effectiveness b. his/her ability to implement the idea c. the possible combination of ideas d. profitability Clear my choice Question 6 Not yet answered Marked out of 1.00 Flag question Question text An entrepreneur identifies an opportunity during the _______ stage in the creation of an enterprise. a. idea b. implementation c. planning d. viability Question 7 Not yet answered Marked out of 1.00 Flag question Question text An entrepreneur registers an enterprise as a sole proprietorship during the _______ stage in the creation of the enterprise. a. idea b. planning c. implementation d. feasibility Question 8 Not yet answered Marked out of 1.00 Flag question Question text If an entrepreneur is qualified in his field and went for training, the entrepreneur would use his/her ______ to generate the idea of the enterprise. a. expertise b. natural talents c. aptitudes d. skills Question 9 Not yet answered Marked out of 1.00 Flag question Question text To start an enterprise, the entrepreneur has to come up with many original ideas. This relates to the entrepreneur’s ability to _______. a. apply divergent thinking b. apply convergent thinking c. write her ideas down d. actively seek ideas Question 10 Not yet answered Marked out of 1.00 Flag question Question text An entrepreneur will apply for a long-term loan to buy a new building during the _______ stage in the creation of an enterprise. a. viability b. idea c. planning d. implementation Question 11 Answer saved Marked out of 5.00 Flag question Question text Match the following concepts with the correct description. Activ ely seek ideas