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- 1. Multiple Choice
Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers)
Motivated
Takes very little risk
Passionate
Hard-working
- 2. Multiple Choice
What is a disadvantage of being an entrepreneur?
You have more control over your work
You have a more flexible schedule
You do not always receive a regular paycheck
Your work schedule is always predictable
- 3. Multiple Choice
Elon Musk is one of the greatest innovators in the last 30 years. He... ((hint: choose 3 correct answers)
Co-founded Google
Co-founded Paypal
Founded the company SpaceX
Founded the company Tesla
- 4. Multiple Choice
What is the purpose of a business plan? (hint: choose 2 correct answers)
To document your financial activity during one year
Legal document to be filed with the SEC
States the purpose and vision of your company
States the amount of capital you need to run the company
- 5. Multiple Choice
Why do you need a business plan? (hint: choose 3 correct answers)
To raise capital
Gets everyone involved to focus on the same goals
Gives an objective look at what you are doing and why
It is required by law
- 6. Multiple Choice
A target market is
a group of investors willing to put capital into a business
a generational group of individuals
a group of consumers at which a product/service is aimed
an industry willing to sell and market your product
- 7. Multiple Choice
What information should NOT be included in a business plan?
Your financing needs
Your basic business concept
Your marketing plan
Your assets and liabilities
- 8. Multiple Choice
True or False: A standard business plan is one page in length.
True
False
- 9. Multiple Choice
Reid Hoffman is one of the greatest innovators in the last 30 years. He was the founder of
Snapchat
Twitter
Groupon
LinkedIn
- 10. Multiple Choice
Roasted is a community-driven coffee shop that opened locally. They have 10 employees. They are
an example of a startup
an example of a small business
- 11. Multiple Choice
What does the term "boot-strapping" refer to?
Strapped with maximum amount of debt to start a business
Tying yourself to a business partner to fund a venture
Self-funding a business or project
Starting a business with very few assets
- 12. Multiple Choice
This round of funding helps a company add a few employees & launch an early product.
Seed Funding
Series A Funding
Series B Funding
Series C Funding
- 13. Multiple Choice
Which is a way to advertise your business or product? ( hint: choose 2 correct answers :)
Support Media
Product Placement
Broadcast Media
The Internet
- 14. Multiple Choice
Which is NOT one of the reasons startups typically fail?
Run out of cash
No business model
Poor marketing
Market demand
- 15. Multiple Choice
An elevator pitch is a way to convey information about your business. How long should it be?
5 minutes
3 minutes
60 seconds
30 seconds
- 16. Multiple Choice
This famous innovator & entrepreneur was a scientist, printer, inventor, author, & businessman.
John D. Rockefeller
Benjamin Franklin
Thomas Edison
Henry Ford
- 17. Multiple Choice
The process of creating something new that makes life better is called...
Technology
Innovation
Brand recognition
Opportunity cost
- 18. Multiple Choice
A venture capitalist is
The co-founder of a successful startup
The net worth of a company
A manager of a business's investment, aligning with goals
An investor in a business providing capital for startup
- 19. Multiple Choice
Which is NOT part of the procedure of developing an advertising campaign?
Define your market
Prototype your product
Establish your budget
Create an advertising strategy
- 20. Multiple Choice
What is the difference between a startup and a small business?
Startups intend to grow larger compared to a small business
Startups have been in business longer
Small businesses have multiple locations, startups do not
A small business has more employees than a startup
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