Which of the Following Is the Correct Sequence for the Four

question 23

Multiple Choice

Which of the following is the correct sequence for the four steps in the entrepreneurial process?

• A) Deciding to become an entrepreneur, developing successful business ideas, moving from an idea to an entrepreneurial firm, managing the growing entrepreneurial firm
• B) Developing successful business ideas, deciding to become an entrepreneur, moving from an idea to an entrepreneurial firm, managing and growing the entrepreneurial firm
• C) Developing successful business ideas, moving from an idea to an entrepreneurial firm, deciding to become an entrepreneur, managing and growing the entrepreneurial firm
• D) Deciding to become an entrepreneur, moving from an idea to an entrepreneurial firm, developing successful business ideas, managing and growing the entrepreneurial firm
• E) Managing and growing the entrepreneurial firm, developing successful business ideas, deciding to become an entrepreneur, moving from an idea to an entrepreneurial firm

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Definitions:

Decision-Critical Attributes

Key factors or characteristics that are crucial to making an informed and effective decision in a given context.

Evaluating Options

The process of examining and comparing different choices to make the best decision.

Decision-Critical Criteria

Essential and decisive factors considered critical in the evaluation and making of a decision.

Promising Option

A choice or opportunity that seems likely to lead to positive results or success.