1. After brainstorming and developing a new venture idea, the entrepreneur has to evaluate the commercial feasibility of the idea. Which of the following is a component of such a feasibility analysis?

Group of answer choices

Product/service feasibility

Market/industry feasibility

Organization feasibility

All of the above

2.

All of the following are beneficial outcomes from entrepreneurship except...

Group of answer choices

Entrepreneurship is responsible for the creation of numerous private-sector jobs

Entrepreneurship largely results in the creation of highly stable, low-risk startups with high survival rates.

Entrepreneurs boost economic growth by introducing innovative technologies, products, and services

Entrepreneurship applies an innovative mindset to the solving of important societal problems

3. Which of the following is not a component of the business model canvas framework?

Group of answer choices

Profitability;

Customer Relationships

Key Partners

Channels

4. You want to start a hair salon. This business will have regular monthly fixed expenses of $20,000 for advertising, rent, insurance, utilities administrative overhead, and the lease of equipment and facility. You expect to charge an average customer $90 for a haircut. 50% of this goes to the hair dressers who will work as independent contractors. You expect variable cost of $5 per customer for valet parking and credit card fees. How many customers per month do you need to break even?

Group of answer choices

200

250

400

500

5.

Which of the following creativity techniques relies heavily on deeply empathizing with the user and intimately understanding user experiences as the best starting point for any new product/service generation process?

Group of answer choices

Brainstorming

Design thinking

Morphological analysis

Cognitive mapping