What is entrepreneurship and why do people become entrepreneurs? b. i. Define the types of start-up firms. ii. Explain the entrepreneurial process. 2. a. What are the differences between opportunities and ideas. b. Define the techniques for generating ideas. 3. Per your group term project, define your new business concept statement 4. a. State the three important elements of a firm’s business model? b. State and explain the two main categories of business models? 5. a. What two questions should an entrepreneur answer before pursuing the idea of starting a firm/business and why? b. What are the two most important trends that entrepreneurs to evaluate? 6. a. List any four forms of business type organizations and the steps taken when registering a company in Ghana. b. Choose any two types of business organizations listed above (6.a.), define them, then for each type, state two advantages and two disadvantages?

You are given the following data on asset returns: Asset A B Market Portfolio Risk-free Bond Expected return 10.4 % 10.84% 12.09 4.096 Standard Deviation of Return 40.0 % 35.0 % 20.0 % 0 % In addition, you know that asset A has correlation of 40.0% with the Market Portfolio, and asset B has correlation of 56.0% with the Market Portfolio. Assets A and B have correlation of 35.0% with each other. Question 6.b (1) 0.0/6.0 points (ungraded) (b) Consider the following regression for both A and B: Ti-re=ai + Bi (TM-TP) +€, i = A, B Compute the volatility of the idiosyncratic risk of A. 96 Compute the volatility of the idiosyncratic risk of B. 96 Submit You have used 0 of 2 attempts Question 6.b (ii) 0.0/7.0 points (ungraded) Compute the correlation between residuals EA and EB. 96 Submit You have used 0 of 2 attempts Question 6.c (i) 0.0/6.0 points (ungraded) (c) Using stocks A and B, construct the portfolio with the highest possible Sharpe ratio. What are the portfolio weights of this portfolio? WA: 96 wp : 96 Save Submit You have used 0 of 2 attempts Question 6.c (ii) 0.0/4.0 points (ungraded) What is the Sharpe ratio of this portfolio? SR: What is the market beta of this portfolio?