Question 1

Cropital, the crowdfunding platform, was built to help lenders in developing nations so that they can provide funding to farmers at a higher interest rate.

Accepted Answer

A) True 
 B)False

Question 2

Which of these products would be considered to be in the introduction phase?

Accepted Answer

A)  Electric Cars 
B)  Microwaves 
C)  DVD Players 
D)  Vacuums 
A)  Electric Cars 
B)  Microwaves 
C)  DVD Players 
D)  Vacuums

Question 3

Why must an entrepreneur interview the current employees of a business before she or he purchases it?

Accepted Answer

A)  All employee terminations must happen within thirty days of the purchase to be legally valid 
B)  The employees are more likely to provide information regarding the business that may be ambiguous or negative 
C)  Interviewing the employees shows the seller the entrepreneur is serious about purchasing the business 
D)  The employees are able to cross check information the owner provided to identify if he or she is lying to the entrepreneur 
A)  All employee terminations must happen within thirty days of the purchase to be legally valid 
B)  The employees are more likely to provide information regarding the business that may be ambiguous or negative 
C)  Interviewing the employees shows the seller the entrepreneur is serious about purchasing the business 
D)  The employees are able to cross check information the owner provided to identify if he or she is lying to the entrepreneur

Question 4

What is Market analysis and why is it crucial for an entrepreneur?

Accepted Answer

In either event, market analysis can hel

Question 5

What are the three primary areas an entrepreneur's action plan should take into account? What factors and consideration does the entrepreneur need to consider each area?

Accepted Answer

The entrepreneur as a person
T

Question 6

What is Goodwill (in its entirety)?

Accepted Answer

A)  Patents 
B)  The value of a business beyond its stated book value 
C)  The amount of purchase premium above company valuation a seller receives 
D)  Client accounts that are currently making significant returns 
A)  Patents 
B)  The value of a business beyond its stated book value 
C)  The amount of purchase premium above company valuation a seller receives 
D)  Client accounts that are currently making significant returns

Question 7

Describe the 5 most important indexes that reflect an operating venture's value while assessing its price?

Accepted Answer

Book Value, Replacem

Question 8

What is Book Value of a firm?

Accepted Answer

A)  How much it would cost to buy the same machinery, materials, or merchandise on the market today 
B)  Value of the business's assets if they were placed on the market immediately and purchased by knowledgeable buyers within a short span of time 
C)  The projected value of the firm based on its current and future projected free cash flows 
D)  The value of the company's assets from an accounting standpoint 
A)  How much it would cost to buy the same machinery, materials, or merchandise on the market today 
B)  Value of the business's assets if they were placed on the market immediately and purchased by knowledgeable buyers within a short span of time 
C)  The projected value of the firm based on its current and future projected free cash flows 
D)  The value of the company's assets from an accounting standpoint

Question 9

Each industry has its own proven method for correctly valuing companies.

Accepted Answer

A) True 
 B)False

Question 10

When buying a business, always have the seller "earn out" some of the purchase price.

Accepted Answer

A) True 
 B)False

Question 11

When buying a business, always investigate everything.

Accepted Answer

A) True 
 B)False

Question 12

Verbal agreements are legally binding after the purchase of an ongoing business.

Accepted Answer

A) True 
 B)False

Question 13

What is a consumer survey?

Accepted Answer

A)  An indirect method of identifying physical and geographic population makeup of a given area 
B)  A study of the income and demographic information of potential consumers in an area 
C)  An attempt to identify what consumers want through direct questioning 
D)  Indirectly identifying customer needs through analysis of the competitive landscape 
A)  An indirect method of identifying physical and geographic population makeup of a given area 
B)  A study of the income and demographic information of potential consumers in an area 
C)  An attempt to identify what consumers want through direct questioning 
D)  Indirectly identifying customer needs through analysis of the competitive landscape

Question 14

Using examples from chapter 3, describe how you would discover ideas for a new product and what factors you would take into consideration.

Accepted Answer

One of the easiest ways is to make a lis

Question 15

The scientific method of market analysis should only be used by firms or individuals creating a new venture.

Accepted Answer

A) True 
 B)False

Cropital, the crowdfunding platform, was built to help lenders in developing nations so that they can provide funding to farmers at a higher interest rate.

Which of these products would be considered to be in the introduction phase?

Why must an entrepreneur interview the current employees of a business before she or he purchases it?

What is Market analysis and why is it crucial for an entrepreneur?

What are the three primary areas an entrepreneur's action plan should take into account? What factors and consideration does the entrepreneur need to consider each area?

What is Goodwill (in its entirety)?

Describe the 5 most important indexes that reflect an operating venture's value while assessing its price?

What is Book Value of a firm?

Each industry has its own proven method for correctly valuing companies.

When buying a business, always have the seller "earn out" some of the purchase price.

When buying a business, always investigate everything.

Verbal agreements are legally binding after the purchase of an ongoing business.

What is a consumer survey?

Using examples from chapter 3, describe how you would discover ideas for a new product and what factors you would take into consideration.

The scientific method of market analysis should only be used by firms or individuals creating a new venture.

New Ventures: The Quiet Giant

Ideation: The Concept

Marketing: The Customer

Legal Considerations: The Parameters

Strategic Pricing: The Hook

Startup Capital: The Injection

Financial Statements: The Scorecard

Financial Analysis: The Gauges

HR and the Development of Teams: The People

Successful Business Plans: The Compass

Scaling Ventures: The Future

Filters

Exam 3: Venture Choices

Cropital, the crowdfunding platform, was built to help lenders in developing nations so that they can provide funding to farmers at a higher interest rate.

Which of these products would be considered to be in the introduction phase?

Why must an entrepreneur interview the current employees of a business before she or he purchases it?

What is Market analysis and why is it crucial for an entrepreneur?

What are the three primary areas an entrepreneur's action plan should take into account? What factors and consideration does the entrepreneur need to consider each area?

What is Goodwill (in its entirety)?

Describe the 5 most important indexes that reflect an operating venture's value while assessing its price?

What is Book Value of a firm?

Each industry has its own proven method for correctly valuing companies.

When buying a business, always have the seller "earn out" some of the purchase price.

When buying a business, always investigate everything.

Verbal agreements are legally binding after the purchase of an ongoing business.

What is a consumer survey?

Using examples from chapter 3, describe how you would discover ideas for a new product and what factors you would take into consideration.

The scientific method of market analysis should only be used by firms or individuals creating a new venture.

New Ventures: The Quiet Giant

Ideation: The Concept

Marketing: The Customer

Legal Considerations: The Parameters

Strategic Pricing: The Hook

Startup Capital: The Injection

Financial Statements: The Scorecard

Financial Analysis: The Gauges

HR and the Development of Teams: The People

Successful Business Plans: The Compass

Scaling Ventures: The Future

Filters