"Unsuccessful Entrepreneurs Often Equate an Idea with an Opportunity; Successful

question 32

Multiple Choice

"Unsuccessful entrepreneurs often equate an idea with an opportunity; successful entrepreneurs know the difference." What did J.A. Timmons intend with this quote?

• A) There is a big difference between an idea and an entrepreneurial opportunity
• B) Successful entrepreneurs are energetic and make a difference
• C) Unsuccessful entrepreneurs are dreamers
• D) A great deal of resources (time, knowledge, etc.) are required to develop a basic idea into an achievable opportunity

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Definitions:

Non-pecuniary Job Characteristics

Aspects of a job that affect an employee's satisfaction aside from monetary compensation, such as working conditions, the work itself, and social interactions.

Sociological Factors

Social influences that affect individual behavior, choices, and societal trends, such as culture, ethnicity, and social networks.

Employment Discrimination

Unfair treatment or prejudice against employees or job applicants based on race, gender, age, religion, nationality, disability, or other protected characteristics.

Marginal Revenue Products

The additional revenue generated by employing one more unit of a resource.