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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?

Small Business Administration Signup and view all the answers

How can innovation be best defined?

The successful exploitation of new ideas Signup and view all the answers

Which of the following is an essential skill for entrepreneurs?

Being able to recognize and grab new business opportunities Signup and view all the answers

Which of the following is an example of opportunity recognition?

Starting a business that provides virtual office space for remote workers Signup and view all the answers

What does value creation refer to in entrepreneurship?

The ability to create new products or services Signup and view all the answers

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

Market research Signup and view all the answers

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

It enables entrepreneurs to recognize new business opportunities Signup and view all the answers