What is defined as a time or event that makes it possible to do something?

• A. Possibility
• B. Opportunity
• C. Advantage
• D. Chance

Answer: (B)

The correct answer is opportunity because it specifically refers to a favorable time or circumstance that allows individuals or businesses to act or take advantage of a situation. In the context of enterprises and entrepreneurship, an opportunity often relates to market conditions, timing, and the availability of resources that align in a way that can lead to success or advancement.

An opportunity indicates that there’s a potential for growth or benefit that can be seized if appropriate action is taken. This concept is crucial in business as it can determine strategic decisions and directions for entrepreneurs.

In contrast, the other terms have different implications. For instance, possibility refers to something that can happen but doesn’t necessarily mean it is timely or favorable. Advantage implies a beneficial condition or circumstance but does not specifically denote an opening or time to act. Chance can suggest randomness or luck but lacks the deliberate context that opportunities entail in a strategic or business framework. Thus, opportunity is the most fitting choice as it aligns with the definition provided in the question.