What Statement Generally Sums Up the Importance of Passion in Your

question 55

Multiple Choice

What statement generally sums up the importance of passion in your founding team?

• A)Passion and skills can compensate for experience.
• B)Passion needs to play a secondary role to experience.
• C)Passion can interfere with rational judgment.
• D)Enthusiasm cannot reduce the risk of starting a business.

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Definitions:

Entrepreneurial Ability

The skills and qualities that enable an individual to conceive, launch, and manage a new business venture successfully.

Physical Capital

The stock of tangible, man-made objects that contribute to production processes, such as machinery, buildings, and tools.

Bulldozers

Heavy machinery equipment used for moving, digging, and clearing large pieces of land.

Entrepreneur

An individual who creates and manages a business venture in order to generate profits, often taking on financial risks.