Which of the Following Statements Is Incorrect in Regard to Entrepreneurial

question 60

Multiple Choice

Which of the following statements is incorrect in regard to entrepreneurial alertness?

• A) The research findings on entrepreneurial alertness are conclusive.
• B) Alertness is largely a learned skill.
• C) People who have more knowledge of an area tend to be more alert to opportunities in that area than others.
• D) The term "entrepreneurial alertness" is often associated with a "sixth sense" that seems to allows some people to see opportunities that others miss.
• E) Entrepreneurial alertness is defined as the ability to notice things without engaging in deliberate search.

---

Definitions:

Inventory Loan

A loan that is secured by the inventory of the borrower, providing companies with the capital needed to purchase products for sale.

Debenture

Unsecured debt, usually with a maturity of ten years or more.

Line Of Credit

An arrangement between a financial institution and a customer that establishes a maximum loan balance that the borrower can access.

Carrying Costs

The cumulative expenses associated with maintaining inventory, which encompass storage fees, insurance premiums, taxes, the decrease in value over time, and the costs related to missed opportunities.