Question 1

Functional design of the product and attractiveness in appearance are an aspect of

Accepted Answer

A)  technical feasibility. 
B)  financial feasibility. 
C)  marketability. 
D)  organizational competence. 
A)  technical feasibility. 
B)  financial feasibility. 
C)  marketability. 
D)  organizational competence.

Question 2

The amount of capital required to start a new venture _____.

Accepted Answer

A)  can vary considerably depending upon the industry 
B)  is generally the same for all start-ups 
C)  is never available 
D)  will always be small 
A)  can vary considerably depending upon the industry 
B)  is generally the same for all start-ups 
C)  is never available 
D)  will always be small

Question 3

Poor financial understanding is characterized by which of the following?

Accepted Answer

A)  failure to anticipate technical difficulties 
B)  inadequate understanding of costs and funding requirements 
C)  failure to realize the life cycle of a product 
D)  lack of product differentiation 
A)  failure to anticipate technical difficulties 
B)  inadequate understanding of costs and funding requirements 
C)  failure to realize the life cycle of a product 
D)  lack of product differentiation

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Proper understanding of the market will help an entrepreneur avoid failure with a new venture.

Accepted Answer

A) True 
 B)False

Question 6

When a customer sees a product that is superior to its competitors, ______ becomes less important.

Accepted Answer

A)  size 
B)  color 
C)  quantity 
D)  price 
A)  size 
B)  color 
C)  quantity 
D)  price

Question 7

Product/market problems include which of the following?

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 8

The entrepreneurial motivations of individuals relate to the entrepreneur, the environment, and the venture.

Accepted Answer

A) True 
 B)False

Question 9

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)  none of the above. 
A)  poor financial understanding. 
B)  proper objective evaluation. 
C)  real insight into the market. 
D)  none of the above.

Question 10

Three specific phases that a new venture goes through are

Accepted Answer

A)  prestart-up, start-up, poststart-up. 
B)  start-up, poststart-up, evaluation. 
C)  beginning start-up, start-up, ending start-up. 
D)  prestart-up, start-up, evaluation. 
A)  prestart-up, start-up, poststart-up. 
B)  start-up, poststart-up, evaluation. 
C)  beginning start-up, start-up, ending start-up. 
D)  prestart-up, start-up, evaluation.

Question 11

What sorts of legal issues can be overlooked when assessing an entrepreneurial opportunity?

Accepted Answer

Business is subject to many legal requir

Question 12

Which of the following is critical to a product's success?

Accepted Answer

A)  timing 
B)  marketing approach 
C)  objectivity 
D)  all of the above 
A)  timing 
B)  marketing approach 
C)  objectivity 
D)  all of the above

Question 13

Independence and autonomy are the major driving forces behind which of the following types of ventures?

Accepted Answer

A)  small unprofitable ventures 
B)  corporate ventures 
C)  lifestyle ventures 
D)  high-growth ventures 
A)  small unprofitable ventures 
B)  corporate ventures 
C)  lifestyle ventures 
D)  high-growth ventures

Question 14

The evaluation process must be done by a research firm.

Accepted Answer

A) True 
 B)False

Question 15

Since the mid-1990s, the number of new start-up ventures has been approximately 1500 per day.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following as a factor contributing to new-venture failure?

Accepted Answer

A)  product/market problems. 
B)  family issues. 
C)  personality clashes. 
D)  good management/poor product. 
A)  product/market problems. 
B)  family issues. 
C)  personality clashes. 
D)  good management/poor product.

Question 17

Many entrepreneurs lack

Accepted Answer

A)  knowledge of their product. 
B)  venture uniqueness. 
C)  drive. 
D)  the willingness to put in long hours. 
A)  knowledge of their product. 
B)  venture uniqueness. 
C)  drive. 
D)  the willingness to put in long hours.

Question 18

During the prestart-up phase of a new venture, which of the following are among the crucial five factors for success?

Accepted Answer

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

Question 19

Timing has little to do with the success or failure of a new venture.

Accepted Answer

A) True 
 B)False

Question 20

A product does not have to be patented in order to be introduced into the marketplace.

Accepted Answer

A) True 
 B)False

Functional design of the product and attractiveness in appearance are an aspect of

The amount of capital required to start a new venture _____.

Poor financial understanding is characterized by which of the following?

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

Proper understanding of the market will help an entrepreneur avoid failure with a new venture.

When a customer sees a product that is superior to its competitors, ______ becomes less important.

Product/market problems include which of the following?

The entrepreneurial motivations of individuals relate to the entrepreneur, the environment, and the venture.

A common pitfall in selecting a new venture is

Three specific phases that a new venture goes through are

What sorts of legal issues can be overlooked when assessing an entrepreneurial opportunity?

Which of the following is critical to a product's success?

Independence and autonomy are the major driving forces behind which of the following types of ventures?

The evaluation process must be done by a research firm.

Since the mid-1990s, the number of new start-up ventures has been approximately 1500 per day.

Which of the following as a factor contributing to new-venture failure?

Many entrepreneurs lack

During the prestart-up phase of a new venture, which of the following are among the crucial five factors for success?

Timing has little to do with the success or failure of a new venture.

A product does not have to be patented in order to be introduced into the marketplace.

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 Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters

Exam 6: Assessment of Entrepreneurial Opportunities

Functional design of the product and attractiveness in appearance are an aspect of

The amount of capital required to start a new venture _____.

Poor financial understanding is characterized by which of the following?

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

Proper understanding of the market will help an entrepreneur avoid failure with a new venture.

When a customer sees a product that is superior to its competitors, ______ becomes less important.

Product/market problems include which of the following?

The entrepreneurial motivations of individuals relate to the entrepreneur, the environment, and the venture.

A common pitfall in selecting a new venture is

Three specific phases that a new venture goes through are

What sorts of legal issues can be overlooked when assessing an entrepreneurial opportunity?

Which of the following is critical to a product's success?

Independence and autonomy are the major driving forces behind which of the following types of ventures?

The evaluation process must be done by a research firm.

Since the mid-1990s, the number of new start-up ventures has been approximately 1500 per day.

Which of the following as a factor contributing to new-venture failure?

Many entrepreneurs lack

During the prestart-up phase of a new venture, which of the following are among the crucial five factors for success?

Timing has little to do with the success or failure of a new venture.

A product does not have to be patented in order to be introduced into the marketplace.

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 Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters