Ch.8 Entrepreneurship

Multiple Choice

What is the purpose of critical thinking in entrepreneurship?

• To make decisions based on emotions

• To analyze and evaluate situations logically

• To follow popular opinions

• To avoid considering different options

Multiple Choice

Cost/benefit analysis involves subtracting expected costs from expected benefits.

• True

• False

Multiple Choice

What does a SWOT analysis focus on?

• Financial calculations only

• Strengths, Weaknesses, Opportunities, Threats

• Personal feelings and opinions

• Costs and benefits only