Entrepreneurship Step 5: Verification and Application

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18 Questions

Which term best describes the process of assembling ideas by recombining elements already known but wrongly assumed to be unrelated to each other?

Creativity

What is the stage in the creative process where a person concentrates on a problem and becomes fully engaged with it?

Immersion

Which step in the creative process involves a person not actively working on the problem, but the subconscious mind is still engaged?

Incubation

During which stage of the creative process does the problem-conquering solution flash into a person's mind unexpectedly?

Insight

What key element of creativity implies that it is more likely a skill than an attitude and can be improved with practice?

Process

In the context of entrepreneurship, which term refers to the process of discovering new opportunities or recognizing problems that need resolution?

Opportunity recognition

What is the relationship between entrepreneurship, creativity, and innovation?

Entrepreneurship is a combination of creativity and innovation

Which of the following is NOT an area of innovation mentioned in the text?

New methods of financial accounting

How does the text define creativity in relation to entrepreneurship?

Creativity is the ability to develop new ideas and approaches

What is the purpose of commercial application in entrepreneurship?

To provide value to customers, reward employees, and satisfy stakeholders

Which component is essential for achieving sustainable business practices?

Balancing economic growth with social and environmental responsibility

In the entrepreneurial process, what role does opportunity perception play?

It helps entrepreneurs identify potential areas for growth and development

What is the purpose of Innovation according to the text?

To intentionally bring about change to add value and seize opportunities

Which type of Innovation involves the replication of an already existing product, service, or process?

Duplication

What is a common barrier to creativity mentioned in the text?

Fearing mistakes and failure

In the context of entrepreneurship, what does 'Analytical planning' involve?

Carefully identifying product or service features and design

How is Synthesis type of Innovation different from Invention according to the text?

Invention is about combining existing concepts into new formulations, whereas Synthesis creates new products.

Why is Fearing looking Foolish listed as a barrier to creativity in the text?

Because it leads to avoiding risks and mistakes

This quiz covers the verification and application phase in entrepreneurship, where individuals prove the merit of their creative solutions. It also explores various barriers to creativity such as focusing on logic, avoiding ambiguity, and fearing mistakes.

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