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QUIZ 4 - Question 1(1 point Entrepreneurial alertness means...

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Question 1  (1 point) Entrepreneurial alertness means that entrepreneurs have a special set of observational and thinking  skills that help them identify good opportunities. True Question 2  (1 point) A license is not a legally binding agreement granting you rights to use a particular piece of  intellectual property. False Question 3  (1 point) SCAMPER is an acronym for a set of cues that trigger new ideas for your business. True Question 4  (1 point) Companies may find it easier to mimic the strategies of other firms because of the expense and  intense effort required to make decisions based on a radical innovation strategy. True Question 5  (1 point) A high-cost, high-risk approach for testing feasibility exists using the concept of a pilot test. False Question 6  (1 point) A payment to a licensor based on the number or value of licensed items sold is called
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royalty
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