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Questions and Answers

According to Maslow's Hierarchy of Needs theory, what motivates people universally?

  • Needs (correct)
  • Social interaction
  • Political factors
  • None of the above

In which country was Huffington Post commercially run?

  • China
  • Australia
  • Italy
  • USA (correct)

Which category do hair salons, car washes, and dog kennels belong to?

  • Scalable start-ups
  • Small businesses
  • Corporate businesses
  • Service businesses (correct)

What does SBA stand for?

<p>Small Business Administration (A)</p> Signup and view all the answers

How can innovation be best defined?

<p>The successful exploitation of new ideas (A)</p> Signup and view all the answers

Which of the following is an essential skill for entrepreneurs?

<p>Being able to recognize and grab new business opportunities (B)</p> Signup and view all the answers

Which of the following is an example of opportunity recognition?

<p>Starting a business that provides virtual office space for remote workers (D)</p> Signup and view all the answers

What does value creation refer to in entrepreneurship?

<p>The ability to create new products or services (D)</p> Signup and view all the answers

Which of the following is NOT a key concept of entrepreneurship mentioned in the text?

<p>Market research (A)</p> Signup and view all the answers

What is the importance of being able to see trends in entrepreneurship?

<p>It enables entrepreneurs to recognize new business opportunities (A)</p> Signup and view all the answers

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