Question 1

Many entrepreneurs of new ventures lack

Accepted Answer

A) knowledge of their product. 
B) a unique angle for the venture. 
C) drive. 
D) the willingness to put in long hours. 
A) knowledge of their product. 
B) a unique angle for the venture. 
C) drive. 
D) the willingness to put in long hours.

Question 2

The comprehensive feasibility analysis approach is closely related to the preparation of a thorough business plan.

Accepted Answer

A) True 
 B)False

Question 3

The maverick entrepreneur who avoids reaching out and finding help is a myth of the past.

Accepted Answer

A) True 
 B)False

Question 4

Financial considerations play a major role in

Accepted Answer

A) lifestyle ventures. 
B) small profitable ventures. 
C) high-growth ventures. 
D) corporate debentures. 
A) lifestyle ventures. 
B) small profitable ventures. 
C) high-growth ventures. 
D) corporate debentures.

Question 5

A great abundance of reliable data is available concerning the start-up, performance, and failure of new ventures.

Accepted Answer

A) True 
 B)False

Question 6

Explain three major reasons why new ventures fail.

Accepted Answer

The first reason new ventures often fail

Question 7

Independence, autonomy, and _____ are the major driving forces behind lifestyle ventures.

Accepted Answer

A) marketing 
B) capitalists 
C) control 
D) people 
A) marketing 
B) capitalists 
C) control 
D) people

Question 8

Mistakes and failures along the way are to be seen as poor planning and actually hinder the design methodology.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following pitfalls is described by the statement, "Engineers and technically trained people are particularly prone to falling in love with an idea for a product or service"?

Accepted Answer

A) inadequate understanding of technical requirements 
B) lack of venture uniqueness 
C) no real insight into the market 
D) lack of objective evaluation 
A) inadequate understanding of technical requirements 
B) lack of venture uniqueness 
C) no real insight into the market 
D) lack of objective evaluation

Question 10

A solid analysis is

Accepted Answer

A) a critical task in starting a new business. 
B) of no importance. 
C) no way to discover flaws in a new-venture idea. 
D) not a critical task in starting a new business. 
A) a critical task in starting a new business. 
B) of no importance. 
C) no way to discover flaws in a new-venture idea. 
D) not a critical task in starting a new business.

Question 11

Hiring and promotions on the basis of nepotism rather than qualification are associated with

Accepted Answer

A) human resource problems. 
B) the concept of a team approach. 
C) unclear business definition. 
D) poor management. 
A) human resource problems. 
B) the concept of a team approach. 
C) unclear business definition. 
D) poor management.

Question 12

The learn stage of the build-measure-learn feedback loop is a process in which one learns by trying out an initial idea and then measuring it to validate the effect.

Accepted Answer

A) True 
 B)False

Question 13

It is reported that more than 400,000 new firms have emerged in the United States every year since 2010.

Accepted Answer

A) True 
 B)False

Question 14

A common pitfall in selecting a new venture is

Accepted Answer

A) poor financial understanding. 
B) proper objective evaluation. 
C) real insight into the market. 
D) having a good idea. 
A) poor financial understanding. 
B) proper objective evaluation. 
C) real insight into the market. 
D) having a good idea.

Question 15

Failure to anticipate the technical difficulties related to developing or producing a product can sink a new venture.

Accepted Answer

A) True 
 B)False

Question 16

Solid analysis and evaluation of the feasibility of the product/service idea are critical tasks in starting a new business.

Accepted Answer

A) True 
 B)False

Question 17

Researchers believe that design methodology provides _____ learning mechanisms important for converting ideas into form.

Accepted Answer

A) specific 
B) organizational 
C) vague 
D) a framework of 
A) specific 
B) organizational 
C) vague 
D) a framework of

Question 18

Which of the following is not critical to a product's success?

Accepted Answer

A) timing 
B) marketing approach 
C) objectivity 
D) size 
A) timing 
B) marketing approach 
C) objectivity 
D) size

Question 19

Managerial problems include

Accepted Answer

A) venture capital relationship problems. 
B) unclear business definition. 
C) concept of a team approach. 
D) assuming debt too early. 
A) venture capital relationship problems. 
B) unclear business definition. 
C) concept of a team approach. 
D) assuming debt too early.

Question 20

Sales growth is a critical factor in the _____ phase.

Accepted Answer

A) prestart-up 
B) poststart-up 
C) start-up 
D) evaluations 
A) prestart-up 
B) poststart-up 
C) start-up 
D) evaluations

Many entrepreneurs of new ventures lack

The comprehensive feasibility analysis approach is closely related to the preparation of a thorough business plan.

The maverick entrepreneur who avoids reaching out and finding help is a myth of the past.

Financial considerations play a major role in

A great abundance of reliable data is available concerning the start-up, performance, and failure of new ventures.

Explain three major reasons why new ventures fail.

Independence, autonomy, and _____ are the major driving forces behind lifestyle ventures.

Mistakes and failures along the way are to be seen as poor planning and actually hinder the design methodology.

Which of the following pitfalls is described by the statement, "Engineers and technically trained people are particularly prone to falling in love with an idea for a product or service"?

A solid analysis is

Hiring and promotions on the basis of nepotism rather than qualification are associated with

The learn stage of the build-measure-learn feedback loop is a process in which one learns by trying out an initial idea and then measuring it to validate the effect.

It is reported that more than 400,000 new firms have emerged in the United States every year since 2010.

A common pitfall in selecting a new venture is

Failure to anticipate the technical difficulties related to developing or producing a product can sink a new venture.

Solid analysis and evaluation of the feasibility of the product/service idea are critical tasks in starting a new business.

Researchers believe that design methodology provides _____ learning mechanisms important for converting ideas into form.

Which of the following is not critical to a product's success?

Managerial problems include

Sales growth is a critical factor in the _____ phase.

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

Many entrepreneurs of new ventures lack

The comprehensive feasibility analysis approach is closely related to the preparation of a thorough business plan.

The maverick entrepreneur who avoids reaching out and finding help is a myth of the past.

Financial considerations play a major role in

A great abundance of reliable data is available concerning the start-up, performance, and failure of new ventures.

Explain three major reasons why new ventures fail.

Independence, autonomy, and _____ are the major driving forces behind lifestyle ventures.

Mistakes and failures along the way are to be seen as poor planning and actually hinder the design methodology.

Which of the following pitfalls is described by the statement, "Engineers and technically trained people are particularly prone to falling in love with an idea for a product or service"?

A solid analysis is

Hiring and promotions on the basis of nepotism rather than qualification are associated with

The learn stage of the build-measure-learn feedback loop is a process in which one learns by trying out an initial idea and then measuring it to validate the effect.

It is reported that more than 400,000 new firms have emerged in the United States every year since 2010.

A common pitfall in selecting a new venture is

Failure to anticipate the technical difficulties related to developing or producing a product can sink a new venture.

Solid analysis and evaluation of the feasibility of the product/service idea are critical tasks in starting a new business.

Researchers believe that design methodology provides _____ learning mechanisms important for converting ideas into form.

Which of the following is not critical to a product's success?

Managerial problems include

Sales growth is a critical factor in the _____ phase.

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