Entrepreneurship Review

Question 1

Part of the business plan that includes financial statements that will help forecast the future

Accepted Answer

financial plan

Question 2

The first stage of the entrepreneurship process is

Accepted Answer

discovery

Question 3

Which of the following is NOT a way businesses are often financed?

Accepted Answer

business competitors

Question 4

Which of the following is not a personal characteristic of a successful entrepreneur?

Accepted Answer

Basic business knowledge

Question 5

In which stage of the entrepreneurial process does resources get gathered?

Accepted Answer

resourcing

Question 6

Protects a business' name or logo

Accepted Answer

Trademark

Question 7

Which part of the business plan contains an description of the types of customers you may have

Accepted Answer

industry/market analysis

Question 8

Part of the business plan that includes management philosophy of the business and key personnel

Accepted Answer

organizational plan

Question 9

A legal agreement between two or more parties

Accepted Answer

Contract

Question 10

Protects creative works

Accepted Answer

Copyright

Question 11

Which part of the business plan contains a summary of the entire plan?

Accepted Answer

Executive summary

Question 12

Entrepreneurship is best described as

Accepted Answer

the process of starting and running a business.

Question 13

Which part of the business plan contains the qualifications of the entrepreneur(s)?

Accepted Answer

management team plan

Question 14

Part of the business plan that includes how the business will make customers aware of products

Accepted Answer

marketing plan

Question 15

Includes processes involved in producing and/or delivering the product/service to the customer

Accepted Answer

Operational plan

Question 16

In which stage of the entrepreneurial process does the creation a 5-year plan occur?

Accepted Answer

harvesting

Question 17

Protects inventions of products and processes

Accepted Answer

Patents

Question 18

In which stage of the entrepreneurial process does developing a business plan occur?

Accepted Answer

concept development

Question 19

In what stage of the entrepreneurship process do questionnaires and surveys get used as a tool?

Accepted Answer

discovery

Question 20

Which part of the business plan contains a description of the product or service youre offering

Accepted Answer

product/service plan

Questions 20