Which of the Following Statement Is Incorrect Regarding the First

question 10

Multiple Choice

Which of the following statement is incorrect regarding the First Screen?

• A) The mechanics of filling out the First Screen worksheet are straightforward.
• B) It covers three of the four areas of feasibility analysis described in the textbook.
• C) It is a template for completing a feasibility analysis.
• D) Completing a First Screen is not meant to be a lengthy process.
• E) The value of the First Screen is that it draws attention to the most important issues pertaining to the feasibility of a business idea.

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Definitions:

Self-Serving Bias

The common tendency to attribute our successes to personal characteristics and our failures to external factors.

Total Egocentrism

A cognitive state where an individual is unable to differentiate between their own perspective and that of others, typically seen in early childhood development.

Types of Memory

The various forms in which the human brain can store information, typically classified as sensory, short-term (or working), and long-term memory.

Habituation

A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it.