Week 2 week 11 quizzes

Quiz 1

           

            Question 1

 

           

            According to Whitney Johnson, the term "hiring" :                           

                       

            Question 2

 

           

            One of the foundations of entrepreneurship is:                                 

                       

            Question 3

 

           

            Which of the following question should a potential entrepreneur address to help determine business positioning?                            

                       

            Question 4

 

           

            Ed Hoffman of NASA explained that:                                 

                       

            Question 5

 

           

            Entrepreneurs can easily overlook:                            

            Question 6

 

           

            Upon determining that your hobby can generate interest and demand, you should:                        

                       

            Question 7

 

           

            The most successful ______________ play to their distinctive strengths.                            

                       

            Question 8

 

           

            The first step in determining if a hobby is something you can do for fun and to earn money is:                             

                                   

            Question 9

 

           

            When you start a business it is important to determine how well to __________ the business.                               

                       

            Question 10

 

           

            _________stated that "we tend to undervalue what we are" and "overvalue what we aren't."                                

                       

            Question 11

 

           

            ________ is the version of the product that allows you to collect the maximum amount of learning about customers with the least cost.                          

                       

            Question 12

 

           

            Every job has _________elements.                           

           

Quiz 2

           

            Question 1

 

           

            There are ________ fundamental types of entrepreneurships.                                  

                       

            Question 2

 

           

            An entrepreneur who cares about the environment, economy, education and health is considered:                        

                                   

            Question 3

 

           

            A wantrepreneur is one who:                         

                                   

            Question 4

 

           

            SME entrepreneurships refers to:                               

                       

            Question 5

 

           

            A Jack-of-all-trades entrepreneur:                             

                       

            Question 6

 

           

            A dry cleaning business is usually a/an:                                 

                       

            Question 7

 

           

            __________usually need more cash because the business dynamics initially losses money then shows exponential growth later.                               

                                   

            Question 8

 

           

            Theresa is an entrepreneur who cares more about pushing her new ideas than actually running her business. We can refer to Theresa as:                         

                                   

            Question 9

 

           

            Innovation driven enterprises have:                           

                       

            Question 10

 

           

            The owners of ________ usually maintain control of the business                           

                       

            Question 11

 

           

            SMEs tend to focus on:                                 

                       

            Question 12

 

           

            A serial entrepreneur is:                                 

           

Quiz 3

           

            Question 1

 

           

            Which of the following describes how easy it is to expand a business model without equally increasing the cost base?                         

                                   

            Question 2

 

           

            The first step in creating a test business is:                            

                                   

            Question 3

 

           

            A great business model can provide an entrepreneur with:                           

                                   

            Question 4

 

           

            Under which segment should entrepreneurs position paying customers on the business model canvas?                                   

                                   

            Question 5

 

           

            A ___________ can be the difference between success and failure for exactly the same technology or product.                                  

                                   

            Question 6

 

           

            Dulce Gusto is a product of :                         

                                   

            Question 7

 

           

            Nespresso is a subsidiary of :                         

                                   

            Question 8

 

           

            Developing new business models may have:                         

                       

            Question 9

 

           

            Which of the following companies invented new business models to help sell their products?                               

                                   

            Question 10

 

           

            A business budget should include:                            

                                   

            Question 11

 

           

            Customer relations segment on the business model canvas:                          

                                   

            Question 12

 

           

            __________ is a key component on the business model canvas.                              

           

Quiz 4

           

            Question 1

 

           

            _________ includes market description such as pricing, channels, and promotions.                        

                                   

            Question 2

 

           

            _________ is usually an internal plan but without much detail about specifics and financial projections.                                   

                                   

            Question 3

 

           

            An effective business plan answers questions like:                           

                       

            Question 4

 

           

            A detailed written proposal helps to:                         

                       

            Question 5

 

           

            A lean business plan includes ____________ essential elements.                             

                       

            Question 6

 

           

            A business relation between two or more people who come together to run a business and share profit earned is a/an __________.                           

                                   

            Question 7

 

           

            A business model includes elements like:                              

                                   

            Question 8

 

           

            A business plan is also considered a/an:                                

                       

            Question 9

 

           

            A ________ is the method by which an organization uses its resources to deliver value to customers.                                   

                                   

            Question 10

 

           

            Accurate sales forecast, spending budget, and cash flows are _________.                          

                       

            Question 11

 

           

            Essential financial projections are also known as:                             

                       

            Question 12

 

           

            An entrepreneur would need a/an ___________ especially to secure external funds.                                  

           

Quiz 5

           

            Question 1

 

           

            Often small business owners fail to include a/an ___________ in a partnership agreement.                        

                       

            Question 2

 

           

            Entrepreneurs who have more than one business at a time often__________.                                 

                                   

            Question 3

 

           

            A prospective entrepreneur with an idea should consider whether he/she has:                                 

            stion 4

 

           

            The _________ is the person who is most likely to purchase an entrepreneur's product or service.                         

                       

            Question 5

 

           

            An entrepreneur's expertise and ability to fund an idea helps to differentiate:                                 

                       

            Question 6

 

           

            Which of the following is one of the fundamentals of being an entrepreneur?                                

                                   

            Question 7

 

           

            Common mistakes entrepreneurs make include:                                

                                   

            Question 8

 

           

            Jeff Layton stated that it is better for entrepreneurs to focus on __________ rather than on competitors.                           

                                   

            Question 9

 

           

            Which of the following is the first to consider when planning to start a business?                          

                                   

            Question 10

 

           

            Entrepreneurs tend to miss a key success factor when they fail to at least:                          

                                   

            Question 11

 

           

            The group of people who would be interested in an entrepreneur's products or service is the:                                

                                   

            Question 12

 

           

            The five senses that helps to create customer experience include:                            

Quiz 6

           

            Question 1

 

           

            Books, digital works, and musical recordings are examples of:                                

                       

            Question 2

 

           

            _________ protects the form of expression rather than the subject matter of the writing.                           

                                   

            Question 3

 

           

            A __________may be covered by different types of intellectual property rights.                            

                                   

            Question 4

 

           

            A formula falls under this type of intellectual property rights category:                               

                                   

            Question 5

 

           

            This type of intellectual property covers original expressions such as a story or a movie.                            

                                   

            Question 6

 

           

            An individual with an original idea should:                          

                       

            Question 7

 

           

            Under Intellectual Property Rights, customers may be classified under:                              

                       

            Question 8

 

           

            Patent law specifies that the subject matter must be __________.                           

                                   

            Question 9

 

           

            A preliminary patentability includes:                         

                       

            Question 10

 

           

            The role of the United States Patent and Trademark Office is to:                            

                       

            Question 11

 

           

            An original owner of an idea or product may file a provisional patent application with:                             

                                   

            Question 12

 

           

            An original owner of a drawing may place the drawing in an/a _________ and have it signed, witnessed, and dated.                        

           

Quiz 7

           

            Question 1

 

           

            The downside of using personal funding includes:                           

                       

            Question 2

 

           

            Working with Angel investors helps entrepreneurs to gain:                          

                       

            Question 3

 

           

            AngelList, CircleLine, and EquityNet are all types of :                                

                       

            Question 4

 

           

            Funding options for entrepreneurs include using:                             

                                   

            Question 5

 

           

            Which of the following is another source of funding for small businesses?                         

                                   

            Question 6

 

           

            The two basic places to get funding for small businesses are through:                                 

                                   

            Question 7

 

           

            Prosper and the lending club are examples of:                                  

                                   

            Question 8

 

           

            Generally, __________ are more open to funding small businesses.                        

                                   

            Question 9

 

           

            An added risk for using credit cards to fund a small business is:                             

                       

            Question 10

 

           

            Private placement transaction is:                                

                                   

            Question 11

 

           

            A disadvantage of using angel investor funding is that:                               

                                   

            Question 12

 

           

            The downside of using credit cards for business funding include:                                                   

 

Quiz 8

           

            Question 1

 

           

            A business structure with two or more owners is a/an:                                  

                                   

            Question 2

 

           

            With this business structure, there is no set up costs and the business owner has complete control.                        

                       

            Question 3

 

           

            Which of the following is a formal statement detailing business goals.                                

                                   

            Question 4

 

           

            When starting a business it is necessary for entrepreneurs to:                                   

                                   

            Question 5

 

           

            How entrepreneurs structure their business has implications on their___________.                        

                                   

            Question 6

 

           

            ____________ is the day-to-day details of running a business.                                

                                   

            Question 7

 

           

            There are __________ basis business structures.                               

                                   

            Question 8

 

           

            With this business structure only one person legally makes up the whole company.                        

                       

            Question 9

 

           

            One of the most important elements of business operations is:                                 

                                   

            Question 10

 

           

            Which of the following is the most effective business structure for an entrepreneur who is less concerned about liability?                              

                                   

            Question 11

 

           

            With this type of business structure only wages are subject to taxes:                                   

                                   

            Question 12

 

           

            Thinking logically and quantitatively provides entrepreneurs:                                  

           

Quiz 9

           

            Question 1

 

           

            Effective bootstrapping techniques helps to:                         

                       

            Question 2

 

           

            Bootstrapping includes taking:                                  

                                   

            Question 3

 

           

            ____________ is starting and running a business using one's own money without the help from an outside investor.                                 

                                   

            Question 4

 

           

            The second pillar of bootstrapping is about:                          

                                   

            Question 5

 

           

            Effective business development techniques can have positive influence on the _______.                           

                                   

            Question 6

 

           

            The last pillar of bootstrapping is:                              

                                   

            Question 7

 

           

            Four out of five bootstrapping pillars focus on:                                

                                   

            Question 8

 

           

            Competency acquisition is the:                                  

                                   

            Question 9

 

           

            The five pillars of bootstrapping include:                              

                                   

            Question 10

 

           

            Bootstrapping is not only about:                                

                                   

            Question 11

 

           

            Spending too much time to make business decisions could lead to:                         

                                   

            Question 12

 

           

            An entrepreneur who adopts bootstrapping techniques does not plan to:                             

                                   

 

Quiz 10

           

            Question 1

 

           

            Adopting this exit strategy enables entrepreneurs to set up a payout structure for themselves.                               

                                   

            Question 2

 

           

            Liquidation usually occurs in:                        

                       

            Question 3

 

           

            The first option in Dave Crenshaw's exit strategy discussion is:                               

                                   

            Question 4

 

           

            According to Dave Crenshaw, a third type of exit strategy is:                                 

                                   

            Question 5

 

           

            Dave Crenshaw described exit strategy as:                           

                                   

            Question 6

 

           

            The acronym IPO is:                          

                       

            Question 7

 

           

            Entrepreneurs who bring in investors must be committed to the business because:                          

                       

            Question 8

 

           

            Disadvantages of mergers and acquisitions include:                         

                                   

            Question 9

 

           

            An entrepreneur may exit a business by:                               

                                   

            Question 10

 

           

            When a small business owner sells their company and stays on as an employees, they are expected to:                                   

                                   

            Question 11

 

           

            Liquidation is not an ideal strategy because:                         

                                   

            Question 12

 

           

            Adopting a dividend based exit strategy could                                

           

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Status NEW Posted 26 Jun 2019 10:06 AM My Price 15.00

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