Question 1

Where, in the order of entrepreneurial activity, do business plans occur?

Accepted Answer

A) at the onset of the business idea 
B) after the feasibility study and pitch deck 
C) after the business model but before the feasibility study 
D) after the business model but before the pitch deck. 
A) at the onset of the business idea 
B) after the feasibility study and pitch deck 
C) after the business model but before the feasibility study 
D) after the business model but before the pitch deck.

Question 2

What competitive information did Bark 'N Leash gain from talking with family and friends?

Accepted Answer

A) there was too much competition in the area 
B) people were flooded with advertising and marketing for dog-walking services 
C) professionalism was often lacking in competitors 
D) people were not willing to pay for dog-walking services 
A) there was too much competition in the area 
B) people were flooded with advertising and marketing for dog-walking services 
C) professionalism was often lacking in competitors 
D) people were not willing to pay for dog-walking services

Question 3

Imagine that you are opening a store that offers landscaping supplies to homeowners.Select which methods you would use in creating your plan for the business.

Accepted Answer

Social media research; Google Maps to id

Question 4

A feasibility study is created by what action?

Accepted Answer

A) documenting important parts of your business 
B) testing, information gathering, and analysis 
C) well-defined financial forecasts 
D) meeting with the founders who will agree on the plan of action 
A) documenting important parts of your business 
B) testing, information gathering, and analysis 
C) well-defined financial forecasts 
D) meeting with the founders who will agree on the plan of action

Question 5

Which of the following is recommended when presenting your plan?

Accepted Answer

A) Give the best-case scenario for your business in order to attract others. 
B) Be conservative in your financial and market forecasts. 
C) Be certain that you can capture 30% to 40% of the targeted market. 
D) Be certain that you can capture at least 50% of the targeted market. 
A) Give the best-case scenario for your business in order to attract others. 
B) Be conservative in your financial and market forecasts. 
C) Be certain that you can capture 30% to 40% of the targeted market. 
D) Be certain that you can capture at least 50% of the targeted market.

Question 6

What is included in the Financial Plan section of the business plan?

Accepted Answer

A) bank statements 
B) breakeven analysis 
C) investment requirements 
D) contingency plans 
A) bank statements 
B) breakeven analysis 
C) investment requirements 
D) contingency plans

Question 7

A gallery sketch is characterized by which of the following?

Accepted Answer

A) a large sketch plan that indicates all major components of the idea 
B) a color version of a napkin plan 
C) several plans placed on a wall for easier viewing 
D) a back-of-the-napkin plan that several people work on 
A) a large sketch plan that indicates all major components of the idea 
B) a color version of a napkin plan 
C) several plans placed on a wall for easier viewing 
D) a back-of-the-napkin plan that several people work on

Question 8

What attention to professionalism became a surprising selling point for Bark 'N Leash?

Accepted Answer

A) late-night appointments 
B) all employees were trained in pet CPR 
C) early-morning appointments 
D) all employees knew all the dog names 
A) late-night appointments 
B) all employees were trained in pet CPR 
C) early-morning appointments 
D) all employees knew all the dog names

Question 9

When you finish your Vivid Vision, you should share it with your:

Accepted Answer

A) attorney 
B) accountant 
C) friends, family, and anyone interested in seeing it 
D) loan officer 
A) attorney 
B) accountant 
C) friends, family, and anyone interested in seeing it 
D) loan officer

Question 10

Why are "before and after" sketches useful?

Accepted Answer

A) They show the effect of the company's product or service on the customers" lives. 
B) They show the potential for profitability. 
C) They show what can be accomplished with the initial investment. 
D) They show the status of the company in one year's time. 
A) They show the effect of the company's product or service on the customers" lives. 
B) They show the potential for profitability. 
C) They show what can be accomplished with the initial investment. 
D) They show the status of the company in one year's time.

Question 11

What would be considered in the Offering section of a business plan?

Accepted Answer

A) contingency plans 
B) market incentives 
C) product descriptions 
D) investment requirements 
A) contingency plans 
B) market incentives 
C) product descriptions 
D) investment requirements

Question 12

Regardless of the type or size of service, every business needs to start with a plan.

Accepted Answer

A) True 
 B)False

Question 13

Imagine that you are thinking of starting a home care business for those recovering from illness or requiring home assistance.What research would be appropriate when preparing a feasibility study?

Accepted Answer

Talk with a minimum of 50 people includi

Question 14

Which of the following would be most appropriate to present in a collegiate competition for entrepreneurial funding?

Accepted Answer

A) concept plan 
B) feasibility plan 
C) pitch deck 
D) business model 
A) concept plan 
B) feasibility plan 
C) pitch deck 
D) business model

Question 15

How many years did the financial projection cover in the business model canvas for India in a Box?

Accepted Answer

A) one year 
B) three years 
C) five years 
D) 10 years 
A) one year 
B) three years 
C) five years 
D) 10 years

Question 16

Describe a business brief and how it would be used as part of the entrepreneur's planning process.

Accepted Answer

A two to three page document o

Question 17

This process is a type of visual plan that is especially useful for integrating the various components of the business:

Accepted Answer

A) back of the napkin 
B) business model canvas 
C) key component model 
D) customer relationship model 
A) back of the napkin 
B) business model canvas 
C) key component model 
D) customer relationship model

Question 18

What is included in the Industry, Marketplace, and Competitor Analyses section of the business plan?

Accepted Answer

A) customer surveys and results 
B) industry analysis 
C) financial assumptions 
D) market risks 
A) customer surveys and results 
B) industry analysis 
C) financial assumptions 
D) market risks

Question 19

What length does Guy Kawasaki recommend for a pitch deck?

Accepted Answer

A) five slides 
B) seven slides 
C) 10 slides 
D) 15 slides 
A) five slides 
B) seven slides 
C) 10 slides 
D) 15 slides

Question 20

What is included in the Financial Plan section of a business plan?

Accepted Answer

A) the industry, structure, products, services 
B) a description of potential customers and competitors 
C) income and cash flow, balance sheets, and financial projections 
D) financial projections only 
A) the industry, structure, products, services 
B) a description of potential customers and competitors 
C) income and cash flow, balance sheets, and financial projections 
D) financial projections only

Where, in the order of entrepreneurial activity, do business plans occur?

What competitive information did Bark 'N Leash gain from talking with family and friends?

Imagine that you are opening a store that offers landscaping supplies to homeowners.Select which methods you would use in creating your plan for the business.

A feasibility study is created by what action?

Which of the following is recommended when presenting your plan?

What is included in the Financial Plan section of the business plan?

A gallery sketch is characterized by which of the following?

What attention to professionalism became a surprising selling point for Bark 'N Leash?

When you finish your Vivid Vision, you should share it with your:

Why are "before and after" sketches useful?

What would be considered in the Offering section of a business plan?

Regardless of the type or size of service, every business needs to start with a plan.

Imagine that you are thinking of starting a home care business for those recovering from illness or requiring home assistance.What research would be appropriate when preparing a feasibility study?

Which of the following would be most appropriate to present in a collegiate competition for entrepreneurial funding?

How many years did the financial projection cover in the business model canvas for India in a Box?

Describe a business brief and how it would be used as part of the entrepreneur's planning process.

This process is a type of visual plan that is especially useful for integrating the various components of the business:

What is included in the Industry, Marketplace, and Competitor Analyses section of the business plan?

What length does Guy Kawasaki recommend for a pitch deck?

What is included in the Financial Plan section of a business plan?

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

the Pitch Deck

Filters

Exam 9: Planning for Entrepreneurs

Where, in the order of entrepreneurial activity, do business plans occur?

What competitive information did Bark 'N Leash gain from talking with family and friends?

Imagine that you are opening a store that offers landscaping supplies to homeowners.Select which methods you would use in creating your plan for the business.

A feasibility study is created by what action?

Which of the following is recommended when presenting your plan?

What is included in the Financial Plan section of the business plan?

A gallery sketch is characterized by which of the following?

What attention to professionalism became a surprising selling point for Bark 'N Leash?

When you finish your Vivid Vision, you should share it with your:

Why are "before and after" sketches useful?

What would be considered in the Offering section of a business plan?

Regardless of the type or size of service, every business needs to start with a plan.

Imagine that you are thinking of starting a home care business for those recovering from illness or requiring home assistance.What research would be appropriate when preparing a feasibility study?

Which of the following would be most appropriate to present in a collegiate competition for entrepreneurial funding?

How many years did the financial projection cover in the business model canvas for India in a Box?

Describe a business brief and how it would be used as part of the entrepreneur's planning process.

This process is a type of visual plan that is especially useful for integrating the various components of the business:

What is included in the Industry, Marketplace, and Competitor Analyses section of the business plan?

What length does Guy Kawasaki recommend for a pitch deck?

What is included in the Financial Plan section of a business plan?

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

the Pitch Deck

Filters