Question 1

Which of the following is true of pitch decks?

Accepted Answer

A) They are highly detailed. 
B) They have no strict rules for length or style. 
C) They are complicated. 
D) They are time-consuming to create. 
A) They are highly detailed. 
B) They have no strict rules for length or style. 
C) They are complicated. 
D) They are time-consuming to create.

Question 2

The first part of the formal business plan is ______.

Accepted Answer

A) the market section 
B) a description of how you intend to design,develop,and implement the plan 
C) the business concept 
D) the financial section 
A) the market section 
B) a description of how you intend to design,develop,and implement the plan 
C) the business concept 
D) the financial section

Question 3

Which of the following would be included in the business concept part of the business plan?

Accepted Answer

A) the industry,business structure,and products and services 
B) a description of potential customers and the implementation plan 
C) the overall implementation plan 
D) the operations and management 
A) the industry,business structure,and products and services 
B) a description of potential customers and the implementation plan 
C) the overall implementation plan 
D) the operations and management

Question 4

When preparing financial projections for a business plan,be ______ in your estimates.

Accepted Answer

A) bullish 
B) neutral 
C) conservative 
D) realistic 
A) bullish 
B) neutral 
C) conservative 
D) realistic

Question 5

All business planning starts with a ______.

Accepted Answer

A) need 
B) team 
C) written document 
D) vision 
A) need 
B) team 
C) written document 
D) vision

Question 6

The most complex and time-consuming type of plan is the ______.

Accepted Answer

A) business brief 
B) pitch deck 
C) business plan 
D) feasibility study 
A) business brief 
B) pitch deck 
C) business plan 
D) feasibility study

Question 7

When writing a business plan,what is the most effective way to incorporate visuals?

Accepted Answer

A) Include a robust number of charts,graphs,and images on each page to support your plan. 
B) Avoid using visuals if possible. 
C) Include visuals to bring your idea to life but be careful not to crowd the plan with too many charts,graphs,and images. 
D) Reduce the amount of white space as much as possible by using visuals. 
A) Include a robust number of charts,graphs,and images on each page to support your plan. 
B) Avoid using visuals if possible. 
C) Include visuals to bring your idea to life but be careful not to crowd the plan with too many charts,graphs,and images. 
D) Reduce the amount of white space as much as possible by using visuals.

Question 8

The key to a feasibility study is ______.

Accepted Answer

A) formality 
B) completeness 
C) complexity 
D) speed 
A) formality 
B) completeness 
C) complexity 
D) speed

Question 9

The pitch deck is a presentation highlighting many of the essential elements found in a feasibility study and a business plan.

Accepted Answer

A) True 
 B)False

Question 10

Eric Ries,author of The Lean Startup,makes what argument regarding planning and forecasting?

Accepted Answer

A) Planning and forecasting are accurate only for large corporations; startups are very different and require a different approach. 
B) A clever entrepreneur will take the lessons learned from large corporations' planning and forecasting models and apply them to their startup. 
C) Planning and forecasting are solid tools no matter the size of a business. 
D) A lack of understanding of planning and forecasting is the reason many startups fail. 
A) Planning and forecasting are accurate only for large corporations; startups are very different and require a different approach. 
B) A clever entrepreneur will take the lessons learned from large corporations' planning and forecasting models and apply them to their startup. 
C) Planning and forecasting are solid tools no matter the size of a business. 
D) A lack of understanding of planning and forecasting is the reason many startups fail.

Question 11

Your Vivid Vision should detail how you plan to reach your idealized future.

Accepted Answer

A) True 
 B)False

Question 12

Key partners,key activities,and key resources are three of the nine blocks in the Business Model Canvas.

Accepted Answer

A) True 
 B)False

Question 13

Explain the importance of planning for entrepreneurs.

Accepted Answer

From an entrepreneurial perspective,plan

Question 14

What is done through the Vivid Vision exercise?

Accepted Answer

A) The entrepreneur tries to imagine what the business will look like 3 years into the future. 
B) The entrepreneur assesses what the business looks like in the present. 
C) The entrepreneur envisions how he or she is going to build the business and the steps needed to take to get there. 
D) The entrepreneur tries to imagine what the business will look like in 10 years. 
A) The entrepreneur tries to imagine what the business will look like 3 years into the future. 
B) The entrepreneur assesses what the business looks like in the present. 
C) The entrepreneur envisions how he or she is going to build the business and the steps needed to take to get there. 
D) The entrepreneur tries to imagine what the business will look like in 10 years.

Question 15

All businesses,regardless of size,need a formal business plan.

Accepted Answer

A) True 
 B)False

Question 16

What is included in the financial section of a business plan?

Accepted Answer

A) the industry,business structure,and products and services 
B) a description of potential customers and competitors 
C) income and cash flow,balance sheets,and financial projections 
D) financial projections only 
A) the industry,business structure,and products and services 
B) a description of potential customers and competitors 
C) income and cash flow,balance sheets,and financial projections 
D) financial projections only

Question 17

What plan is popular for angel and venture capital funding?

Accepted Answer

A) feasibility study 
B) the business plan 
C) the pitch deck 
D) the business brief 
A) feasibility study 
B) the business plan 
C) the pitch deck 
D) the business brief

Question 18

Imagine that you are opening a store that offers landscaping supplies to homeowners.Describe the actions you would take in planning for your business.

Accepted Answer

Answers will vary.Social media research;

Question 19

Describe what a business brief is and how it would be used as part of the entrepreneur's planning process.

Accepted Answer

A business brief is a two- to

Question 20

Describe a concept statement.What questions is it designed to answer? What is its value to the entrepreneur? What is its value to potential investors?

Accepted Answer

A concept statement is a written represe

Which of the following is true of pitch decks?

The first part of the formal business plan is ______.

Which of the following would be included in the business concept part of the business plan?

When preparing financial projections for a business plan,be ______ in your estimates.

All business planning starts with a ______.

The most complex and time-consuming type of plan is the ______.

When writing a business plan,what is the most effective way to incorporate visuals?

The key to a feasibility study is ______.

The pitch deck is a presentation highlighting many of the essential elements found in a feasibility study and a business plan.

Eric Ries,author of The Lean Startup,makes what argument regarding planning and forecasting?

Your Vivid Vision should detail how you plan to reach your idealized future.

Key partners,key activities,and key resources are three of the nine blocks in the Business Model Canvas.

Explain the importance of planning for entrepreneurs.

What is done through the Vivid Vision exercise?

All businesses,regardless of size,need a formal business plan.

What is included in the financial section of a business plan?

What plan is popular for angel and venture capital funding?

Imagine that you are opening a store that offers landscaping supplies to homeowners.Describe the actions you would take in planning for your business.

Describe what a business brief is and how it would be used as part of the entrepreneur's planning process.

Describe a concept statement.What questions is it designed to answer? What is its value to the entrepreneur? What is its value to potential investors?

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters

Exam 10: Planning for Entrepreneurs

Which of the following is true of pitch decks?

The first part of the formal business plan is ______.

Which of the following would be included in the business concept part of the business plan?

When preparing financial projections for a business plan,be ______ in your estimates.

All business planning starts with a ______.

The most complex and time-consuming type of plan is the ______.

When writing a business plan,what is the most effective way to incorporate visuals?

The key to a feasibility study is ______.

The pitch deck is a presentation highlighting many of the essential elements found in a feasibility study and a business plan.

Eric Ries,author of The Lean Startup,makes what argument regarding planning and forecasting?

Your Vivid Vision should detail how you plan to reach your idealized future.

Key partners,key activities,and key resources are three of the nine blocks in the Business Model Canvas.

Explain the importance of planning for entrepreneurs.

What is done through the Vivid Vision exercise?

All businesses,regardless of size,need a formal business plan.

What is included in the financial section of a business plan?

What plan is popular for angel and venture capital funding?

Imagine that you are opening a store that offers landscaping supplies to homeowners.Describe the actions you would take in planning for your business.

Describe what a business brief is and how it would be used as part of the entrepreneur's planning process.

Describe a concept statement.What questions is it designed to answer? What is its value to the entrepreneur? What is its value to potential investors?

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Anticipating Failure

Bootstrapping and Crowdfunding for Resources

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters