Kelly Pryor, Who Has Launched Several Successful Entrepreneurial Firms, Seems

question 52

Multiple Choice

Kelly Pryor, who has launched several successful entrepreneurial firms, seems to have a "sixth sense" that allows him to see opportunities that others miss. Kelly's ability is referred to as _________.

• A) individual awareness
• B) cognitive alertness
• C) entrepreneurial alertness
• D) individual readiness
• E) cognitive readiness

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Definitions:

Internal Reports

Financial or operational reports intended for use within an organization, not for external stakeholders.

Decision-Making Process

A series of steps followed by an individual or an organization to identify and evaluate options to make a choice.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Revenues

The gross increase in owner’s equity resulting from business activities entered into for the purpose of earning income.