17. One of the characteristic of a business opportunity is that it must be sustainable over time. Choose the best option below:

Question

17. One of the characteristic of a business opportunity is that it must be sustainable over time. Choose the best option below:

Asked on March 29, 2026Geography

This geography problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

Accepted Answer · 2026-03-29T14:57:53.660Z

Here are the answers to the multiple-choice questions: 17. One of the characteristic of a business opportunity is that it must be sustainable over time. Choose the best option below: The characteristic that best describes sustainability over time is C. Durability. A durable business opportunity is one that can last and remain viable in the long run. 18. Which of the following is a good example of a business idea? A specific concept for a product or service is a business idea. A. Creating a mobile app for ordering food is a concrete example of a business idea. 19. Manka just identified a good business idea in her school to sell lollipops during break, how did she get the idea? Identifying a good business idea often stems from understanding market needs or gaps. Manka likely observed a demand among her peers, which is a form of B. Conducting market research (even if informal). 20. A likelihood of starting a new business or expanding an existing one is A favorable set of circumstances that an entrepreneur can exploit is known as a C. Business opportunity. 21. Which of the following is a benefit of analysing a business opportunity? Analyzing an opportunity helps in understanding its potential and risks, thereby A. Reduces risk by providing a guide for the business. 22. The feasibility study conducted to determine whether a proposed business has sufficient managerial skill to successfully launch its business is: Assessing managerial skill and organizational structure falls under D. Organisational Feasibility. 23. Which of the following is a primary purpose for conducting feasibility studies? The main goal of a feasibility study is to determine if a proposed project or idea is viable and practical. This is best described as B. To evaluate the viability of a business idea. 24. The business plan component that focuses on evaluating projected incomes is: Projected incomes, costs, and profits are all part of financial forecasting. The component that covers this is A. Forecasting revenue, cost and profit. 25. The first stage of the entrepreneurial project is: The entrepreneurial process begins with identifying a concept. Therefore, the first stage is C. Idea generation. 26. A stage that evaluates the viability of a business idea is: The process specifically designed to assess the viability of a business idea is A. Feasibility studies. 27. A stage where the entrepreneur turns idea into a real business is: The point at which a business officially begins operations and enters the market is C. Launching. 28. Before choosing a source of finance, an entrepreneur considers: A crucial factor when selecting financing is the expense associated with it. This is the A. Cost of capital. 29. A benefit of finance to an entrepreneur is: Finance provides the necessary funds for operations and expansion. Thus, it B. Provides resources to run and grow the business. 30. A key benefit of financial planning is: Effective financial planning helps in anticipating and mitigating potential monetary problems. This leads to A. Reduces financial risk. 31. A statement that reports profitability is the: The financial statement that summarizes revenues, expenses, and net profit or loss over a period is the C. Income statement. 32. Salary: 250,000F - expenses 40,000F. Income will be: To find the income, subtract the expenses from the salary. $$ \text{Income} = \text{Salary} - \text{Expenses} $$ $$ \text{Income} = 250,000 \text{ FRS} - 40,000 \text{ FRS} $$ $$ \text{Income} = 210,000 \text{ FRS} $$ The correct option is A. 210,000F.

Accepted Answer · 2026-03-29T14:57:53.660Z

Here are the answers to the multiple-choice questions: 17. One of the characteristic of a business opportunity is that it must be sustainable over time. Choose the best option below: The characteristic that best describes sustainability over time is C. Durability. A durable business opportunity is one that can last and remain viable in the long run. 18. Which of the following is a good example of a business idea? A specific concept for a product or service is a business idea. A. Creating a mobile app for ordering food is a concrete example of a business idea. 19. Manka just identified a good business idea in her school to sell lollipops during break, how did she get the idea? Identifying a good business idea often stems from understanding market needs or gaps. Manka likely observed a demand among her peers, which is a form of B. Conducting market research (even if informal). 20. A likelihood of starting a new business or expanding an existing one is A favorable set of circumstances that an entrepreneur can exploit is known as a C. Business opportunity. 21. Which of the following is a benefit of analysing a business opportunity? Analyzing an opportunity helps in understanding its potential and risks, thereby A. Reduces risk by providing a guide for the business. 22. The feasibility study conducted to determine whether a proposed business has sufficient managerial skill to successfully launch its business is: Assessing managerial skill and organizational structure falls under D. Organisational Feasibility. 23. Which of the following is a primary purpose for conducting feasibility studies? The main goal of a feasibility study is to determine if a proposed project or idea is viable and practical. This is best described as B. To evaluate the viability of a business idea. 24. The business plan component that focuses on evaluating projected incomes is: Projected incomes, costs, and profits are all part of financial forecasting. The component that covers this is A. Forecasting revenue, cost and profit. 25. The first stage of the entrepreneurial project is: The entrepreneurial process begins with identifying a concept. Therefore, the first stage is C. Idea generation. 26. A stage that evaluates the viability of a business idea is: The process specifically designed to assess the viability of a business idea is A. Feasibility studies. 27. A stage where the entrepreneur turns idea into a real business is: The point at which a business officially begins operations and enters the market is C. Launching. 28. Before choosing a source of finance, an entrepreneur considers: A crucial factor when selecting financing is the expense associated with it. This is the A. Cost of capital. 29. A benefit of finance to an entrepreneur is: Finance provides the necessary funds for operations and expansion. Thus, it B. Provides resources to run and grow the business. 30. A key benefit of financial planning is: Effective financial planning helps in anticipating and mitigating potential monetary problems. This leads to A. Reduces financial risk. 31. A statement that reports profitability is the: The financial statement that summarizes revenues, expenses, and net profit or loss over a period is the C. Income statement. 32. Salary: 250,000F - expenses 40,000F. Income will be: To find the income, subtract the expenses from the salary. $$ \text{Income} = \text{Salary} - \text{Expenses} $$ $$ \text{Income} = 250,000 \text{ FRS} - 40,000 \text{ FRS} $$ $$ \text{Income} = 210,000 \text{ FRS} $$ The correct option is A. 210,000F.