Five Various Sources of Opportunity Are Mentioned in the Book

question 36

Multiple Choice

Five various sources of opportunity are mentioned in the book. Two incorrect alternatives have found their way into the following list. Which of the following are not part of the big five?

• A) Opportunities are found by noticing things that do not work elsewhere
• B) Opportunities can be traced to social change and consumer trends
• C) Opportunities are developed from research/new technology/new knowledge
• D) Opportunities are based on and resolve "customer pains"
• E) Opportunites are created through "causation" - the entrepreneurial method

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Definitions:

Horizontal Analysis

A financial analysis technique that compares line items in financial statements over a series of periods to identify trends and growth patterns.

Quick Ratio

The quick ratio, also known as the acid-test ratio, is a measure of a company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.

Current Ratio

A financial ratio indicating how well a company can cover its short-term debts with assets that can be quickly converted into cash within a year.

Decimal Place

The position of a number to the right of the decimal point, used to represent fractions of a whole in decimal notation.