E16 - Lesson 5 – Entrepreneurship Begins With Imagination
Q.1
As noted in Lesson 5, what does entrepreneurship begin with?
Entrepreneurship begins with a patent.
Entrepreneurship begins with imagination.
Entrepreneurship begins when one has accumulated a great deal of money.
Entrepreneurship begins with market research.
Q.2
As noted in Lesson 5, what are some of the things to consider after you come up with an idea?
Do other people think it is a good idea?
Is it something that other people think is a solution to an existing problem?
Is it something that others would need or want or value or embrace?
All of the above.
Q.3
As noted in Lesson 5, what is the process of turning a product of your imagination into a real product of solution called?
Inquiry.
Innovation.
Indigestion.
Business building.
Q.4
According to Lesson 5, when seeking the investment to commercialize a venture, whether the investment comes from you or from other parties, the fundamental question to ask is what?
Can I raise enough money?
Can I find someone with money who will lend it to me?
Is my idea or invention legal?
Does the risk and financial return from the proposed venture justify the needed investment to move the plan forward?
Q.5
As noted in Lesson 5, what kind of people can become entrepreneurs?
People from all occupations, backgrounds, and walks of life.
People who dare to imagine solutions to the needs and wants of society and the constantly changing free market.
Almost everyone has the potential to become an entrepreneur.
All of the above.