Scenario D

question 51

Multiple Choice

Scenario D. Use the information provided to answer the questions that follow.
Ashton has begun the planning process for his entrepreneurial venture. He has completed an assessment of his vision to operate a full-service shuttle service for the elderly, for which he feels there is a strong market. He has a good understanding of the availability of his own resources and his personal traits to manage the business. Now, he is prepared to start compiling functional plans for marketing, finance, and human resources so that he can obtain the financing he will need to start. He is also deciding how to develop the right reputation and create the proper networks to find employees and customers as well as get advice from fellow businesspeople.
-Which formal stage of the planning process has Ashton completed?

• A) An environmental analysis
• B) A SWOT analysis
• C) A promotional plan
• D) An opportunity analysis
• E) A business plan

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Definitions:

Language Acquisition Device

A hypothetical module of the human mind posited to account for children's innate predisposition for language learning.

Biologically Equipped

Refers to the innate physical and cognitive abilities and mechanisms humans have due to their genetic makeup.

Innate Mechanism

An inherent, genetically determined trait or feature that enables an organism to respond to environmental stimuli.

Tower of Hanoi

A mathematical puzzle consisting of three rods and a number of discs of different sizes, which need to be moved from one rod to another under certain rules.