________ Is the Second Step of the Entrepreneurial Process

question 48

Multiple Choice

________ is the second step of the entrepreneurial process.

• A)Opportunity identification
• B)Opportunity selection
• C)Opportunity evaluation
• D)Opportunity feedback
• E)Opportunity success

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Definitions:

Kirkpatrick's Model

A method for assessing the effectiveness of training programs through four distinct levels: Reaction, Learning, Behavior, and Results, emphasizing the importance of evaluating multiple aspects of training.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) by the cost of the investment.

Training Evaluation

The process of assessing the effectiveness of a training program, often using criteria such as learner satisfaction, learning achieved, and behavior change.

Break-Even

The point at which total costs and total revenue are equal, leading to no net loss or gain for a business.