Question 39.39. If the company has sold shares only to angel investors and not to a VC firm, the entrepreneur must: (Points : 0.38)        Pay a dividend to the angel investors.        Convert the investors' shares into debt.        Buy back the angels' shares at the price that was paid originally.        Plan a liquidity event to provide the investors with an acceptable return on their investment. Question 35.35. Which of the following is NOT a proper way to locate an appropriate investor? (Points : 0.38) Look within the industry Use the internet Speak with other entrepreneurs Advertise in the newspaper   15. A copyright does not protect the following from unauthorized copying: (Points : 0.38)        books        software        chemical formulas        drawings   16. Patents are granted by the government in order: (Points : 0.38)        To restrict imports.        To encourage the sharing of knowledge.        To help investors make money.        To generate revenue for the patent office. 1. Which of the following factors are not important when designing a business model? (Points : 0.38) Understanding customers' values Having Venture Capital Investment Analyzing current and potential customers Clearly identifying the markets that you will enter

3. A franchise agreement need not have the following conditions stated: (Points : 0.38)        Payments that must be made to the franchisor.        The location where the franchisee may operate.        Guidelines on using the franchisor's brand.        The expiration date of the patent that is being franchised.

Question 4. Limitations of franchise agreements include all of the following except: (Points : 0.38)        treatment of confidentiality        general legal requirements        non-compete stipulation        legal advice

Question 21.21. The three major sections of the Balance Sheet are the: (Points : 0.38)

       revenues, expenses, and current assets.
       assets, liabilities, and equity.
       cash, fixed assets, and interest payments.
       cash flow, fixed assets and other assets, and debt structure.

 

24. Which of the following statements is more likely to be true? (Points : 0.38)

       Not all business costs can be classified as variable costs or fixed costs; the terms vary with the unit produced or the service provided
       The higher the fixed costs, the easier it is to gain a high return on assets
       The higher the variable costs, the easier it is to achieve a high gross margin
       The higher the fixed costs, the easier it is to achieve a high gross margin

Question 26.26. Which of the following is NOT one of the eleven categories of a standard budget? (Points : 0.38)

       Net Income
       EBIT
       COH
       Operating Profit

Question 29.29. An elevator pitch is typically: (Points : 0.38)        Less than 2 minutes long, highly targeted, and prepared.        Unrehearsed and spontaneous.        Longer than five minutes.        The length of an elevator ride.

Question 30.30. An investors' presentation must cover the following topics: (Points : 0.38)        Your personal financial status.        The size of the market.        Detailed 10-year financial predictions.        The resumes of the people you intend to bring on board.