One Mistake That Entrepreneurs Frequently Make When Trying to Solve

question 47

Multiple Choice

One mistake that entrepreneurs frequently make when trying to solve a problem is:

• A)They don't consider the problem long enough to develop a solution.
• B)They consider past experience, relying on patterns derived from experience.
• C)They lack the confidence to solve the problem
• D)They fix on the wrong solution.
• E)None of these choices.

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Definitions:

Registration Statement

A set of documents, including a prospectus, that a company must file with the U.S. Securities and Exchange Commission before offering securities to the public.

Securities Exchange Commission

The Securities and Exchange Commission (SEC) is a U.S. federal agency responsible for regulating the securities industry, enforcing federal securities laws, and ensuring public companies disclose their financial information.

Criminal Prosecution

The process whereby the state brings charges against an individual or entity for violating criminal law.

Reasonable Doubt

The standard of proof required in criminal cases for a jury or judge to legally find the defendant guilty; doubt based on reason and common sense.