Question 1

Describe the importance of identifying how much start-up capital you will need to reach a positive cash flow.

Accepted Answer

@#LAT-DLM&Without an understand of an initial figu

Question 2

The situation that arises when an entrepreneur is reliant on his or her company for a salary and has most of his or her personal net worth tied up in the company is called:

Accepted Answer

A) Sweat equity 
B) Venture capital 
C) Double jeopardy 
D) Factoring 
E) Locus of control 
A) Sweat equity 
B) Venture capital 
C) Double jeopardy 
D) Factoring 
E) Locus of control

Question 3

The three crucial components of a successful venture are the opportunity, the entrepreneur/management team, and the resources needed to start the company.Explain the interrelation of these items.

Accepted Answer

@#LAT-DLM&The crucial driving force of any new ven

Question 4

Explain the benefits and drawbacks of debt and equity financing, respectively.

Accepted Answer

@#LAT-DLM&Debt does not require an entrepreneur to

Question 5

A majority of the businesses started each year will eventually go bankrupt.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is not one of the global conditions increasing the rate of change in business?

Accepted Answer

A) Managerial specialization and layering. 
B) The industrial sector's reliance on advanced knowledge. 
C) Advancements in communications. 
D) Changes in government regulations. 
E) All of the above 
A) Managerial specialization and layering. 
B) The industrial sector's reliance on advanced knowledge. 
C) Advancements in communications. 
D) Changes in government regulations. 
E) All of the above

Question 7

Describe the likely progression of financing for a startup that achieves an IPO.

Accepted Answer

@#LAT-DLM&The entrepreneurs develop a prototype wi

Question 8

Entrepreneurs possess highly specialized behavioral attributes that are distinct from those of non-entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following would be the best explanation for the lack of minority owned businesses in the United States?

Accepted Answer

A) Lack of entrepreneurial role models 
B) Small market potential for minority owned businesses 
C) Lack of business ideas in this population 
D) Legal roadblocks to minority ownership 
E) Satisfaction with one's present job 
A) Lack of entrepreneurial role models 
B) Small market potential for minority owned businesses 
C) Lack of business ideas in this population 
D) Legal roadblocks to minority ownership 
E) Satisfaction with one's present job

Question 10

Which of the following contacts can be critical to the startup phase of a new business?

Accepted Answer

A) Potential customers 
B) Lawyers 
C) Bankers 
D) Accountants 
E) All of the above 
A) Potential customers 
B) Lawyers 
C) Bankers 
D) Accountants 
E) All of the above

Question 11

Which of the following is not a characteristic of most entrepreneurial ideas?

Accepted Answer

A) They are unique 
B) They offer improved performance 
C) They offer lower pricing 
D) They offer higher quality 
E) They offer better service 
A) They are unique 
B) They offer improved performance 
C) They offer lower pricing 
D) They offer higher quality 
E) They offer better service

Question 12

Entrepreneurship is a process that can be learned.

Accepted Answer

A) True 
 B)False

Question 13

On average, US companies make about 11% net income.

Accepted Answer

A) True 
 B)False

Question 14

Two ingredients that determine an entrepreneur's return on investment are (1)the amount invested and (2)the annual amount earned on that investment.

Accepted Answer

A) True 
 B)False

Question 15

Raising venture capital is a critical step for most successful ventures.

Accepted Answer

A) True 
 B)False

Question 16

What contacts will you need as an entrepreneur?

Accepted Answer

@#LAT-DLM&Customers
@#LAT-DLM&Suppliers

Question 17

Discuss some issues around being secretive about your business idea

Accepted Answer

@#LAT-DLM&It complicates evaluating the idea for l

Question 18

To be successful, a company must possess a unique and novel idea.

Accepted Answer

A) True 
 B)False

Question 19

What is the average net profit margin for companies in the US?

Accepted Answer

A) 1% 
B) 5% 
C) 25% 
D) 50% 
E) 90% 
A) 1% 
B) 5% 
C) 25% 
D) 50% 
E) 90%

Question 20

How do salary and return on investment, for the founding entrepreneur, factor into the regular operations of a startup?

Accepted Answer

@#LAT-DLM&A wage expenses for the founder and any

Describe the importance of identifying how much start-up capital you will need to reach a positive cash flow.

The situation that arises when an entrepreneur is reliant on his or her company for a salary and has most of his or her personal net worth tied up in the company is called:

The three crucial components of a successful venture are the opportunity, the entrepreneur/management team, and the resources needed to start the company.Explain the interrelation of these items.

Explain the benefits and drawbacks of debt and equity financing, respectively.

A majority of the businesses started each year will eventually go bankrupt.

Which of the following is not one of the global conditions increasing the rate of change in business?

Describe the likely progression of financing for a startup that achieves an IPO.

Entrepreneurs possess highly specialized behavioral attributes that are distinct from those of non-entrepreneurs.

Which of the following would be the best explanation for the lack of minority owned businesses in the United States?

Which of the following contacts can be critical to the startup phase of a new business?

Which of the following is not a characteristic of most entrepreneurial ideas?

Entrepreneurship is a process that can be learned.

On average, US companies make about 11% net income.

Two ingredients that determine an entrepreneur's return on investment are (1)the amount invested and (2)the annual amount earned on that investment.

Raising venture capital is a critical step for most successful ventures.

What contacts will you need as an entrepreneur?

Discuss some issues around being secretive about your business idea

To be successful, a company must possess a unique and novel idea.

What is the average net profit margin for companies in the US?

How do salary and return on investment, for the founding entrepreneur, factor into the regular operations of a startup?

The Power of Entrepreneurship

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters

Exam 2: The Entrepreneurial Process

Describe the importance of identifying how much start-up capital you will need to reach a positive cash flow.

The situation that arises when an entrepreneur is reliant on his or her company for a salary and has most of his or her personal net worth tied up in the company is called:

The three crucial components of a successful venture are the opportunity, the entrepreneur/management team, and the resources needed to start the company.Explain the interrelation of these items.

Explain the benefits and drawbacks of debt and equity financing, respectively.

A majority of the businesses started each year will eventually go bankrupt.

Which of the following is not one of the global conditions increasing the rate of change in business?

Describe the likely progression of financing for a startup that achieves an IPO.

Entrepreneurs possess highly specialized behavioral attributes that are distinct from those of non-entrepreneurs.

Which of the following would be the best explanation for the lack of minority owned businesses in the United States?

Which of the following contacts can be critical to the startup phase of a new business?

Which of the following is not a characteristic of most entrepreneurial ideas?

Entrepreneurship is a process that can be learned.

On average, US companies make about 11% net income.

Two ingredients that determine an entrepreneur's return on investment are (1)the amount invested and (2)the annual amount earned on that investment.

Raising venture capital is a critical step for most successful ventures.

What contacts will you need as an entrepreneur?

Discuss some issues around being secretive about your business idea

To be successful, a company must possess a unique and novel idea.

What is the average net profit margin for companies in the US?

How do salary and return on investment, for the founding entrepreneur, factor into the regular operations of a startup?

The Power of Entrepreneurship

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters