Which of the Following Terms Is Incorrectly Paired with Its

question 15

Multiple Choice

Which of the following terms is incorrectly paired with its description?

• A)plan: recognize an opportunity for a financial investment
• B)do: test the change by implementing a small-scale pilot study.
• C)check: review/analyze test results and identify lessons learned
• D)act: take action based on what was learned from the previous step.

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Definitions:

Entrepreneurs

Entrepreneurs are individuals who create, organize, and lead a business venture, taking on financial risks in the hope of profit, driven by innovation, and operationalizing ideas into marketable products or services.

Educated

Having acquired knowledge, skills, and learning, typically through formal schooling or self-directed study.

Family Firms

Businesses that are owned and managed by one or more members of the same family.

Solo Entrepreneurs

Refers to individuals who establish and run their business independently, typically focusing on a niche market or industry.