________ Is the Second Step of the Entrepreneurial Process

question 48

Multiple Choice

________ is the second step of the entrepreneurial process.

• A)Opportunity identification
• B)Opportunity selection
• C)Opportunity evaluation
• D)Opportunity feedback
• E)Opportunity success

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Definitions:

Insurers

Companies that provide insurance, which is a contract (policy) in which an individual or entity receives financial protection or reimbursement against losses.

Investing Activities

These activities generate cash inflows and outflows related to acquiring or disposing of noncurrent assets such as property, plant, and equipment, long-term investments, and loans to another entity.

Cash Outflow

Cash outflow refers to the movement of money out of a business, mainly through expenses, purchases, or investments, over a period.

Buying Property

The process of acquiring ownership of land or buildings, typically for residential, commercial, or investment purposes.