Entrepreneurs Are Most Likely to Exploit an Opportunity When ________

question 3

Multiple Choice

Entrepreneurs are most likely to exploit an opportunity when ________.

• A)customers are likely to continue using the same product
• B)there is no market demand,but an opportunity to create market demand
• C)they perceive that they have the support of important stakeholders
• D)they want to enhance the prospects of the opportunity by training an incapable management team
• E)they feel they do not have access to the resources needed to ensure high levels of organizational performance

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Definitions:

Bankruptcy Law

Bankruptcy Law refers to regulations that govern the process by which individuals or entities unable to pay their debts can seek relief through a legal declaration of bankruptcy.

Proceedings

A series of actions or steps taken in order to achieve a particular legal outcome or to conduct official business.

Diversity Jurisdiction

Diversity jurisdiction is a form of subject-matter jurisdiction in U.S. federal courts that allows for lawsuits between parties from different states or countries.

Federal District Court

The general trial courts of the United States federal court system where most federal legal cases are initially tried and decided.