Entrepreneurship Final

Select all of the following that are NOT part of a formal business plan:

What documents do potential investors, lenders, and financial stakeholders typically require before investing?

Net profit or loss is shown on this financial document.

Which is the most important difference between primary and secondary market research or data?

Bootstrapping is a method of raising funding for a startup and utilizes all resources such as investors and banks.

Pick two essential characteristics of successful entrepreneurs.

Which statement provides a valuable assumption about the use of Customer Discovery?

If you need to borrow money, the money you already have describes this "C" (5 Cs of Credit).

The different ways that a business plans to generate a profit.

Which statement accurately describes why an entrepreneur should understand the concepts of branding?

Entrepreneurs pay these one-time startup expenses for equipment, initial lease, inventory, and utilities.

 Select the definition that best describes: Persevere

Define Channel from a marketing perspective.

Pick the best definition for: Small Business

Assessing an entrepreneurial opportunity involves analyzing startup costs, profit projections, breakeven points, and ROI

True or False: Target Markets can be everyone.

Entrepreneurship is NOT (select all that apply)

What is one of the purposes of establishing strong ethics as a business owner?

When determining whether to persevere, pivot, or iterate, which sections of the Business Model Canvas might be revised?

A financial document that explains how cash is being used during a period of time.

Select the best definition for: Design Thinking

The amount, or percentage, added to the costs of a product to arrive at the selling price.

The Value Proposition is an integral part of the Business Model Canvas. From whose perspective is value derived from

Pick the best definition for: Startup

Evaluating an entrepreneurial opportunity involves analyzing business goals, staff fit, and financial opportunity costs.

What role do customers play in the success of a product/business?

Select the best definition for Design Thinking.

The Lean Startup Method aims to help startups by focusing on:

 Select the best strategy for starting off the entrepreneurial pitch from the available options:

 What are some ways to foster a culture of creativity and innovation in the workplace? Select all that apply.

Select the definition that best describes: Iterate

Select the best definition for: Entrepreneurial innovation

The Problem Statement on the Business Model Canvas is a fixed statement, unchanged throughout research and development.

Select all the possible methods of pivoting in the list below:

Select the best definition for the "Ideation" stage of design thinking.

Which of the 4 "P's" of marketing deals with financial aspects of your product?

Which of the following resources could provide you with Secondary Research Data?

One's financial ability to repay a loan with present income is described as this "C" (5 Cs of Credit).

 True or False: The Business Plan is a visual summary of the business model, often on one page.

 Select the definition that best describes: Pivot

Select the best definition for: Psychographics

What is the Problem Statement, as included on the Business Model Canvas?

Honoring one's obligation to repay a loan is described as this "C" (5 Cs of Credit).

What do the letters MVP stand for in Entrepreneurship?

The purpose of the Minimum Viable Product is to:

Select all the processes that fall under Market Research for entrepreneurs:

Customer Relationships are critical to an entrepreneur's success. Which statement below is false.

Select the best definition for: Demographics

Evaluating an entrepreneurial opportunity involves assessing management style, team structure, and more.

After pivioting, what will your audience be especially interested in seeing as part of your new pitch?

If your company made $6500 in revenue and had expenses of $6300 what profit/loss would be stated on the Income Statement

You invest $5000 on a mutual fund and in six months the value of the mutual fund is $5500. What is ROI for transaction?

Changes to product or service design should be made based on observable, timely data.

Which item is NOT a possible revenue stream for a business?

Which of the 4 "P's" of marketing pertains to advertising?

Assessing an entrepreneurial opportunity involves analyzing the target market, usage lifespan, and growth projections.

 Why is the word "Lean" critical in the Lean Startup Methodology of starting your startup?

Assessing an entrepreneurial opportunity involves analyzing customer benefits, efficiency, IP, and partnerships.

 Select the key components of the Value Proposition, as included on the Business Model Canvas: (all that apply)

Customer Segments refers to __________________.

Most entrepreneurs fund their startups via personal savings, credit, or friends and family than banks or venture capital

his process is used to plan for upcoming revenues and expenses.

A ratio that compares the gain or loss from an investment relative to its cost.

Which of the following options best describes the contrast between creativity and innovation in entrepreneurship?

Select the best definition for: Buying Behavior

 Which of the following is the primary objective of the early stage entrepreneurial pitch?

What is most important when it comes to customers?

Entrepreneurial opportunities can be described as: (Select all that apply)

 The Business Plan and Business Model Canvas are static documents that are written early in the planning phase

Pick the best definition for: Entrepreneur

 Which is more measurable, creativity or innovation?

 Select all of the following that are NOT part of a Business Model Canvas:

These expenses are paid regularly, and often include things like payroll, rent, inventory, and marketing.

Early stage startups spend significant time doing the following (select all that apply):

The property that you can let the lender keep until the loan is paid off is described as this (5 Cs of Credit).