BA 105 Chapter 2 Test Questions with Correct Answers

BA 105 Chapter 2 Test Questions with Correct Answers cognition - Answer-A person's way of perceiving and thinking about his or her experience. action - Answer-The visible behavior a person takes. passion - Answer-An intense positive feeling an entrepreneur has toward the business or the idea behind the business. stakeholder - Answer-A person, organization, or entity that has an interest or concern in a particular business or decision. perserverance - Answer-The behavior of continued effort to achieve a goal. promotion focus - Answer-An entrepreneur's attention to maximizing gains and pursuing opportunities likely to lead to gains. prevention focus - Answer-An entrepreneur's attention to minimizing losses, with a bias toward inaction or protective action to prevent loss. comprehensive planners - Answer-Entrepreneurs who develop long-range plans for all aspects of the business. critical-point planners - Answer-Entrepreneurs who develop plans focused on the most important aspect of the business first. opportunistic planners - Answer-Entrepreneurs who start with a goal instead of a plan and look for opportunities to achieve it. reactive planners - Answer-Entrepreneurs with a passive approach, who wait for cues from the environment to determine what actions to take. habit-based planners - Answer-Entrepreneurs who do not plan, preferring to let all actions be dictated by their routines.