stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Concepts of Entrepreneurship Final Flashcards | StudBud
Explore
/
Concepts of Entrepreneurship Final
Concepts of Entrepreneurship Final
24 terms
·
StudBud Administration
·
259 plays
This Quiz! is a review for the BizInnovator final exam.
Flashcards
24 cards
F
Practice quiz
P
Host live
L
Questions
24
Answers
1
The first thing you would find to read in a business plan.
marketing plan
executive summary
company brochure
financial papers
2
You must buy a license to run this type of business.
Limited Liability Corporation
Partnership
Franchise
Corporation
3
An entrepreneur trying to solve a world problem is called...
socialist
socialite
philanthropist
social entrepreneur
4
The term bootstrapping means...
Getting a grant to start up
Getting a loan from a bank for start up
Starting with virtually nothing and living off the cash
Getting a loan from an investor for start up
5
This type of business is owned by its shareholders.
sole proprietorship
partnership
corporation
limited liability corporation
6
Mrs. Ryan's favorite recording artist of all time.
Phil Collins
Katie Perry
Billy Joel
Michael Jackson
7
SBA stands for?
Standard Business Association
Small Building Association
Small Business America
Small Business Administration
8
This entrepreneur started his company in 1994.
Howard Schultz
Jeff Bezos
Larry Page
Michael Dell
9
Person giving the role of not allowing time to be wasted in the decision making process.
Gatekeeper
Evaluator
Approver
Influencer
10
This person has the authority to sign off on the expense in the decision-making process.
Approver
Influencer
Evaluator
Decision Maker
11
In order to pass the BizInnovator final exam, students will need to
Review all unit PowerPoints several times before the final.
Study all the unit tests from BizInnovator.
All of the above.
Review all assignments & some Schoology folders.
12
In a SWOT analysis, the O stands for...
Ordinary
Opponent
Opportunistic
Opportunities
13
Part of your plan that talks about your target customer, demographics, and competitors.
Operational Plan
Product/Service Plan
Marketing Plan
Financial Pages
14
Net Income is the same thing to an entrepreneur as...
Expenses
Revenue
Dividends
Profits
15
It is more expensive to...
lease
manufacture
all could possibly cost the same amount
build
16
This entrepreneur was a boy scout as a young man and got his first job at JC Penney.
Cary Grant
Henry Ford
Warren Buffet
Sam Walton
17
This entrepreneur was once an ice skater.
Coco Channel
Wang Laichun
Vera Wang
Indra Nooyi
18
Ethics is...
Business ownership
Using social media to market your product/service
Trying to do the right thing every time
Knowing moral and proper behavior
19
Assets - Liabilities =
Net Income
Cash
Collateral
Net Worth
20
In which one of these places would you use your elevator pitch?
at a party
at a sporting event
all of the above
at a bank
21
Someone given the role of coming up with alternative solutions in the decision making process
Approver
Gatekeeper
Decision Maker
Evaluator
22
This vocabulary term is related to your business plan when possibly selling your company.
Selling Strategy
Bankruptcy
Exit Analysis
Exit Strategy
23
This entrepreneur could entertain people of ALL ages.
Roy Disney
Captain Kangaroo
Walt Disney
Jim Henson
24
Someone who is willing to fight your cause from within the decision making process.
Gatekeeper
User
Champion
Mentor
