Russell's Quiz

Question 1

State taxes pay for...

Accepted Answer

Universities, Education, prisons

Question 2

Unique Selling Proposition is defined as marketing the product to a new target market

Accepted Answer

False

Question 3

Federal taxes pay for

Accepted Answer

Public Schools

Question 4

The final business organization in an indirect channel of distribution for consumer products:

Accepted Answer

retailers

Question 5

What is the significance of demographics in business planning?

Accepted Answer

Help identify target markets

Question 6

In general, the two most important taxes for state and local governments are:

Accepted Answer

sales taxes and property taxes.

Question 7

venture capitalist

Accepted Answer

a private investor that invests money in new companies

Question 8

Demographics data about target market & business location included where in the business plan

Accepted Answer

market analysis

Question 9

venture capitalists

Accepted Answer

someone who provides funds for a new business

Question 10

venture capitalist

Accepted Answer

person who invests in a business venture, providing capital

Question 11

Key Metrics can be defined as the "Report Card " of a company /business

Accepted Answer

True

Question 12

LOCATION AND DEMOGRAPHICS OF THE SALON SHOULD BE APART OF THE BUSINESS PLAN

Accepted Answer

TRUE

Question 13

Venture Capitalists _____________?

Accepted Answer

fund high-potential new companies in exchange for a share of ownership

Question 14

Offering solution to customer's problem is a value proposition of a business.

Accepted Answer

True

Question 15

State taxes pay for . . .

Accepted Answer

All of the above

Question 16

Which part of the business plan studies competition, industry , and demographics ?

Accepted Answer

Industry/ Market Analysis Plan

Question 17

Venture capitalists:

Accepted Answer

Are used to provide expertise and funding to help businesses

Question 18

A venture capitalist is

Accepted Answer

An investor in a business providing capital for startup

Question 19

What states the goals of the company ?

Accepted Answer

Mission Statement

Question 20

Do YOU know you are worth more than SILVER & GOLD

Accepted Answer

True

Question 21

A business that uses a digital distribution channel:

Accepted Answer

uses the Internet to deliver its products

Question 22

Problem Solving is a plan of action used to find a solution

Accepted Answer

True

Question 23

key metrics for entrepreneurship

Accepted Answer

Customer Loyalty, retention

Question 24

What was the deduction in Ellen's check for State Taxes for the week?

Accepted Answer

$27.55

Question 25

A business plan should include a logical statement of a problem and its solution

Accepted Answer

True

Question 26

What are key metrics?

Accepted Answer

Goals that determine the success of your business

Question 27

Key components of a business plan.

Accepted Answer

all of the above

Question 28

A plan of action used to find a solution. Is this Problem - Solving?

Accepted Answer

True

Question 29

Key Metrics

Accepted Answer

Indicators for evaluating factors crucial to the success of a business

Question 30

A lean version of a business plan.

Accepted Answer

Business Model Canvas

Question 31

It requires 28 Credits to Graduate

Accepted Answer

False

Question 32

Did you know you were born to GREAT in this WORLD ????

Accepted Answer

True

Question 33

State taxes pay for _________________.

Accepted Answer

roads

Question 34

Problem and Solution are the first two parts of the Lean Canvas/Business Plan

Accepted Answer

True

Question 35

Venture capitalists...

Accepted Answer

Are used for adventure businesses., Are used when there is an element of risk involved.

Question 36

what are key metrics?

Accepted Answer

indicators for evaluating factors that are crucial

Question 37

Area demographics is irrelevant when it comes to business planning

Accepted Answer

False

Question 38

Which one is not a problem of drawing up a business plan?

Accepted Answer

Overestimating expenses

Question 39

In a business plan, what section contains detailed description of company, problem/op, proposed solution & comp adv?

Accepted Answer

Organization Management

Question 40

Key metrics are

Accepted Answer

a way to measure your business’ overall success.

Russell's Quiz

Questions 40

Russell's Quiz

Questions 40