What Are the Two Most Important Considerations in Choosing an Idea

question 11

Multiple Choice

What are the two most important considerations in choosing an idea for a business?

• A) finding something you love to do and are good at doing; determining if your idea satisfies a need in the marketplace
• B) deciding if you have the resources to produce the good or service; estimating how much money you will be able to make
• C) securing financing; hiring the right people
• D) developing a business plan; leaving your full-time job so you have the time to devote to the new venture

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Definitions:

Employment References

Evaluations of an employee’s past work performance and job-relevant behaviours provided by past employers.

Personal References

Individuals who can provide a personal account of an applicant's character, abilities, and experiences, usually requested during the hiring process.

Integrity Tests

Employment tests that measure an applicant’s honesty and trustworthiness.

Honesty and Trustworthiness

Key moral attributes expected in interpersonal and professional relationships, signifying integrity and reliability.