mana 3325 chapter 4 questions with 100% correct answers

mana 3325 chapter 4

1) A(n) ________ is the process of examining a need in the market, developing a solution for that need,
and determining the entrepreneur's ability to successfully turn the idea into a business.

A) business plan

B) strategic analysis

C) idea assessment

D) feasibility analysis - correct answer ✔✔C) idea assessment



5) An effective tool used to help assess ideas is the ________.

A) idea toolkit

B) idea dashboard

C) idea sketch pad

D) idea metric - correct answer ✔✔C) idea sketch pad



6) The process of determining whether an entrepreneur's idea is a viable foundation for creating a
successful business is known as a(n) ________.

A) business plan

B) strategic analysis

C) industry analysis

D) feasibility analysis - correct answer ✔✔D) feasibility analysis



17) Which of the following is not a macro force that creates change in industries?

A) Sociocultural

B) Economic

C) Technological

D) Entry barriers - correct answer ✔✔D) Entry barriers

, 18) More women entering the workforce is an example of a(n) ________ change.

A) economic

B) demographic

C) technological

D) sociocultural - correct answer ✔✔D) sociocultural



19) The Internet is an example of a(n) ________ force.

A) economic

B) demographic

C) technological

D) sociocultural - correct answer ✔✔C) technological



20) Generation Y and Generation Z are examples of ________ changes.

A) economic

B) demographic

C) technological

D) sociocultural - correct answer ✔✔B) demographic



21) In a survey of members of Generation Z, ________ percent said they would rather save money than
spend it.

A) 57

B) 25

C) 31

D) 44 - correct answer ✔✔A) 57



22) The enactment of the Affordable Health Care Act in 2010 is an example of a(n) ________ change.

A) economic

B) demographic

C) technological