Question 1

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 C

Question 2

Most entrepreneurs are objective when they evaluate their new idea.

Accepted Answer

A) True 
 B)False  False

Question 3

Feasibility analyses include technical,market,financial,organizational,and competitive analyses.

Accepted Answer

A) True 
 B)False  True

Question 4

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 5

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 6

The decision of an entrepreneur to ignore the market is a safe one if he or she is sure that the idea will be a success.

Accepted Answer

A) True 
 B)False

Question 7

Market feasibility analysis relies on

Accepted Answer

A) organizational competence 
B) the entrepreneur's vision 
C) venture capital 
D) general economic trends and competitor data 
A) organizational competence 
B) the entrepreneur's vision 
C) venture capital 
D) general economic trends and competitor data

Question 8

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 9

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 10

Using the failure prediction model discussed in the chapter,the risk of failure can be reduced by:

Accepted Answer

A) using less debt as initial financing and generating revenue in the initial stages. 
B) using more debt as initial financing and generating less revenue in the initial stages. 
C) using more revenue to enhance more debt in the initial stage. 
D) all of the above. 
A) using less debt as initial financing and generating revenue in the initial stages. 
B) using more debt as initial financing and generating less revenue in the initial stages. 
C) using more revenue to enhance more debt in the initial stage. 
D) all of the above.

Question 11

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 12

Most entrepreneurs are well schooled in the technology associated with their ventures.

Accepted Answer

A) True 
 B)False

Question 13

An approach developed as a criteria selection list from which entrepreneurs can gain insights into the viability of their venture is the

Accepted Answer

A) feasibility criteria approach. 
B) time-essence of a venture approach. 
C) marketability feasibility approach. 
D) comprehensive feasibility approach. 
A) feasibility criteria approach. 
B) time-essence of a venture approach. 
C) marketability feasibility approach. 
D) comprehensive feasibility approach.

Question 14

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

Accepted Answer

Business is subject to many legal requir

Question 15

Which of the following is a major reason for the failure of a new venture?

Accepted Answer

A) inadequate market knowledge 
B) good product performance 
C) opening in the wrong location 
D) good product/poor marketing 
A) inadequate market knowledge 
B) good product performance 
C) opening in the wrong location 
D) good product/poor marketing

Question 16

Surprisingly,growth of sales is generally not considered a critical factor in assessing new ventures.

Accepted Answer

A) True 
 B)False

Question 17

Obtaining external financing is considered one of the major types of problems for a new venture during its first year.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

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

Question 19

List and describe three pitfalls in selecting a new venture.

Accepted Answer

The first pitfall in selecting a new ven

Question 20

What are the five specific feasibility phases that a new venture will go through?

Accepted Answer

The first phase is finding out technical

Venture classifications include which of the following types of venture?

Most entrepreneurs are objective when they evaluate their new idea.

Feasibility analyses include technical,market,financial,organizational,and competitive analyses.

Three specific phases that a new venture goes through are

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

The decision of an entrepreneur to ignore the market is a safe one if he or she is sure that the idea will be a success.

Market feasibility analysis relies on

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

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

Using the failure prediction model discussed in the chapter,the risk of failure can be reduced by:

A common pitfall in selecting a new venture is

Most entrepreneurs are well schooled in the technology associated with their ventures.

An approach developed as a criteria selection list from which entrepreneurs can gain insights into the viability of their venture is the

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

Which of the following is a major reason for the failure of a new venture?

Surprisingly,growth of sales is generally not considered a critical factor in assessing new ventures.

Obtaining external financing is considered one of the major types of problems for a new venture during its first year.

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

List and describe three pitfalls in selecting a new venture.

What are the five specific feasibility phases that a new venture will go through?

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

Venture classifications include which of the following types of venture?

Most entrepreneurs are objective when they evaluate their new idea.

Feasibility analyses include technical,market,financial,organizational,and competitive analyses.

Three specific phases that a new venture goes through are

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

The decision of an entrepreneur to ignore the market is a safe one if he or she is sure that the idea will be a success.

Market feasibility analysis relies on

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

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

Using the failure prediction model discussed in the chapter,the risk of failure can be reduced by:

A common pitfall in selecting a new venture is

Most entrepreneurs are well schooled in the technology associated with their ventures.

An approach developed as a criteria selection list from which entrepreneurs can gain insights into the viability of their venture is the

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

Which of the following is a major reason for the failure of a new venture?

Surprisingly,growth of sales is generally not considered a critical factor in assessing new ventures.

Obtaining external financing is considered one of the major types of problems for a new venture during its first year.

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

List and describe three pitfalls in selecting a new venture.

What are the five specific feasibility phases that a new venture will go through?

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