According to the Textbook, Two of the Most Important Factors

question 13

Multiple Choice

According to the textbook, two of the most important factors to consider regarding "management prowess" are ________.

• A) the passion the sole entrepreneur or the management team has for the business idea and the extent to which the management team or sole entrepreneur understands the markets in which the firm will participate
• B) whether the members of the management team have worked successfully together before and the passion the sole entrepreneur or the management team has for the business idea
• C) whether the members of the management team are good "networkers" and the extent to which the management team or sole entrepreneur understands the markets in which the firm will participate
• D) the educational and functional backgrounds of the management team or sole entrepreneur
• E) whether the members of the management team are good "networkers" and the passion the sole entrepreneur or the management team has for the business idea

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which leads to changes in behavior patterns through reinforcement.

Cognitive Learning

A type of learning that involves mental processes and may include problem-solving, decision-making, and conceptual understanding.

Cognitive Maps

Mental representations of physical spaces, allowing individuals to visualize and navigate the layout of environments.

Mental Information

Knowledge or data that is processed, stored, and used by the mind, including facts, concepts, and sensory inputs.