Question 1

Timing has little to do with a new venture's success or failure.

Accepted Answer

A) True 
 B)False

Question 2

The three a's of metrics are

Accepted Answer

A) actionable, accessible, and auditable. 
B) accessible, abundance, and audience. 
C) accuracy, accountability, and auditable. 
D) activity, actionable, and accessible. 
A) actionable, accessible, and auditable. 
B) accessible, abundance, and audience. 
C) accuracy, accountability, and auditable. 
D) activity, actionable, and accessible.

Question 3

Many entrepreneurs lack _____ for their new venture.

Accepted Answer

A) innovation 
B) intelligence 
C) objectivity 
D) foresight 
A) innovation 
B) intelligence 
C) objectivity 
D) foresight

Question 4

Product/market problems involve

Accepted Answer

A) assuming debt too early. 
B) unclear business definition. 
C) venture capital relationship problems. 
D) initial undercapitalization. 
A) assuming debt too early. 
B) unclear business definition. 
C) venture capital relationship problems. 
D) initial undercapitalization.

Question 5

"Intensity of competition" changes the dominance of problem areas.

Accepted Answer

A) True 
 B)False

Question 6

The type of venture that is expected to attract venture capital would most likely be a _____ venture.

Accepted Answer

A) corporate 
B) high-growth 
C) lifestyle 
D) smaller 
A) corporate 
B) high-growth 
C) lifestyle 
D) smaller

Question 7

Most entrepreneurs are objective when they evaluate their new idea.

Accepted Answer

A) True 
 B)False

Question 8

Researchers have described a "fully developed new firm" with a number of characteristics, including

Accepted Answer

A) full-time commitment. 
B) informal financial support. 
C) minimal hiring. 
D) plans to hire one or more individuals. 
A) full-time commitment. 
B) informal financial support. 
C) minimal hiring. 
D) plans to hire one or more individuals.

Question 9

One study suggested four basic legitimation strategies available to new ventures: conformance, selection, manipulation, and

Accepted Answer

A) creation. 
B) norming. 
C) identification. 
D) marketing. 
A) creation. 
B) norming. 
C) identification. 
D) marketing.

Question 10

Which of the following is a tool that enables entrepreneurs to judge a business venture's potential?

Accepted Answer

A) profile analysis 
B) market analysis 
C) feasibility analysis 
D) customer analysis 
A) profile analysis 
B) market analysis 
C) feasibility analysis 
D) customer analysis

Question 11

Timing is especially critical in

Accepted Answer

A) the new-venture profitability method. 
B) marketing. 
C) accounting. 
D) the economy. 
A) the new-venture profitability method. 
B) marketing. 
C) accounting. 
D) the economy.

Question 12

The build-measure-learn feedback loop begins with identifying which hypotheses to test and ends with requiring the entrepreneur to take a look at the results and determine whether a pivot is required.

Accepted Answer

A) True 
 B)False

Question 13

What are the two types of design-centered entrepreneurship?

Accepted Answer

Design-centered entrepreneurship include

Question 14

During the prestart-up and start-up phases of a new venture, which of the following is not considered one of the crucial factors for success?

Accepted Answer

A) uniqueness of venture and price 
B) expected growth and price 
C) availability of products 
D) price and timing 
A) uniqueness of venture and price 
B) expected growth and price 
C) availability of products 
D) price and timing

Question 15

Using the failure prediction model discussed in the chapter, the risk of failure can be reduced by using _____ in the initial stages.

Accepted Answer

A) less debt as initial financing and generating revenue 
B) more debt as initial financing and generating less revenue 
C) more revenue to enhance more debt 
D) more cash as initial financing 
A) less debt as initial financing and generating revenue 
B) more debt as initial financing and generating less revenue 
C) more revenue to enhance more debt 
D) more cash as initial financing

Question 16

Venture classifications include which of the following types of venture?

Accepted Answer

A) hobby ventures 
B) smaller copycat ventures 
C) high-growth ventures 
D) survival ventures 
A) hobby ventures 
B) smaller copycat ventures 
C) high-growth ventures 
D) survival ventures

Question 17

In shaping the ultimate success or failure of a new venture, which of the following statements is most applicable?

Accepted Answer

A) A single strategic variable is usually responsible. 
B) A single strategic variable is seldom responsible. 
C) A single strategic variable that frequently changes is responsible. 
D) A single strategic variable that influences the entire outcome is responsible. 
A) A single strategic variable is usually responsible. 
B) A single strategic variable is seldom responsible. 
C) A single strategic variable that frequently changes is responsible. 
D) A single strategic variable that influences the entire outcome is responsible.

Question 18

Which of the following evaluation methods enables an entrepreneur to judge a business's potential?

Accepted Answer

A) entrepreneurial analysis method 
B) venture analysis method 
C) profile analysis 
D) net out-of-pocket cost method 
A) entrepreneurial analysis method 
B) venture analysis method 
C) profile analysis 
D) net out-of-pocket cost method

Question 19

In determining the potential market, one should look _____ into the future.

Accepted Answer

A) one year 
B) three to five years 
C) ten years 
D) three months 
A) one year 
B) three to five years 
C) ten years 
D) three months

Question 20

Customers and customer demand patterns relate to which of the following sources of the market feasibility analysis?

Accepted Answer

A) market data 
B) competitive data 
C) general economic trends 
D) pricing data 
A) market data 
B) competitive data 
C) general economic trends 
D) pricing data

Timing has little to do with a new venture's success or failure.

The three a's of metrics are

Many entrepreneurs lack _____ for their new venture.

Product/market problems involve

"Intensity of competition" changes the dominance of problem areas.

The type of venture that is expected to attract venture capital would most likely be a _____ venture.

Most entrepreneurs are objective when they evaluate their new idea.

Researchers have described a "fully developed new firm" with a number of characteristics, including

One study suggested four basic legitimation strategies available to new ventures: conformance, selection, manipulation, and

Which of the following is a tool that enables entrepreneurs to judge a business venture's potential?

Timing is especially critical in

The build-measure-learn feedback loop begins with identifying which hypotheses to test and ends with requiring the entrepreneur to take a look at the results and determine whether a pivot is required.

What are the two types of design-centered entrepreneurship?

During the prestart-up and start-up phases of a new venture, which of the following is not considered one of the crucial factors for success?

Using the failure prediction model discussed in the chapter, the risk of failure can be reduced by using _____ in the initial stages.

Venture classifications include which of the following types of venture?

In shaping the ultimate success or failure of a new venture, which of the following statements is most applicable?

Which of the following evaluation methods enables an entrepreneur to judge a business's potential?

In determining the potential market, one should look _____ into the future.

Customers and customer demand patterns relate to which of the following sources of the market feasibility analysis?

Entrepreneurship Evolutionary Development--Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Legal Challenges for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters

Exam 6: Assessment of Entrepreneurial Opportunities

Timing has little to do with a new venture's success or failure.

The three a's of metrics are

Many entrepreneurs lack _____ for their new venture.

Product/market problems involve

"Intensity of competition" changes the dominance of problem areas.

The type of venture that is expected to attract venture capital would most likely be a _____ venture.

Most entrepreneurs are objective when they evaluate their new idea.

Researchers have described a "fully developed new firm" with a number of characteristics, including

One study suggested four basic legitimation strategies available to new ventures: conformance, selection, manipulation, and

Which of the following is a tool that enables entrepreneurs to judge a business venture's potential?

Timing is especially critical in

The build-measure-learn feedback loop begins with identifying which hypotheses to test and ends with requiring the entrepreneur to take a look at the results and determine whether a pivot is required.

What are the two types of design-centered entrepreneurship?

During the prestart-up and start-up phases of a new venture, which of the following is not considered one of the crucial factors for success?

Using the failure prediction model discussed in the chapter, the risk of failure can be reduced by using _____ in the initial stages.

Venture classifications include which of the following types of venture?

In shaping the ultimate success or failure of a new venture, which of the following statements is most applicable?

Which of the following evaluation methods enables an entrepreneur to judge a business's potential?

In determining the potential market, one should look _____ into the future.

Customers and customer demand patterns relate to which of the following sources of the market feasibility analysis?

Entrepreneurship Evolutionary Development--Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Legal Challenges for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters