Alex and patty webb launched a firm several years ago

5) Alex and Patty Webb launched a firm several years ago and have been particularly successful in
introducing new products to the marketplace. One thing that Alex and Patty are particularly good at
is translating their thoughts, creativity, and imaginations into products that reach the marketplace.
The ability to make this happen is most closely related to which of the following characteristics of
successful entrepreneurs?
A) A passion for the business
B) Execution intelligence
C) Tenacity despite failure
D) Product/market focus
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E) A desire for recognition
Answer: B
6) Pacific Fishing LLC is a startup that is working on a new technology for the fishing industry.
Because the technology it's working on is highly proprietary, the company is located in the
warehouse district of a large western city. Pacific's founder, Ray Sims, rarely gives interviews and
is careful to not divulge much about what the company is doing. Which of the following common
myths about entrepreneurs does the behavior of its founder, Ray Sims, dispel?