Entrepreneurship
2 years ago
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20 QuestionsShow answers
  • Question 1
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    Q.

    Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers)

    answer choices

    Motivated

    Takes very little risk

    Passionate

    Hard-working

  • Question 2
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    Q.

    What is a disadvantage of being an entrepreneur?

    answer choices

    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

  • Question 3
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    Q.

    Elon Musk is one of the greatest innovators in the last 30 years. He... ((hint: choose 3 correct answers)

    answer choices

    Co-founded Google

    Co-founded Paypal

    Founded the company SpaceX

    Founded the company Tesla

  • Question 4
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    Q.

    What is the purpose of a business plan? (hint: choose 2 correct answers)

    answer choices

    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

  • Question 5
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    Q.

    Why do you need a business plan? (hint: choose 3 correct answers)

    answer choices

    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

  • Question 6
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    Q.

    A target market is

    answer choices

    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

  • Question 7
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    Q.

    What information should NOT be included in a business plan?

    answer choices

    Your financing needs

    Your basic business concept

    Your marketing plan

    Your assets and liabilities

  • Question 8
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    Q.

    True or False: A standard business plan is one page in length.

    answer choices

    True

    False

  • Question 9
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    Q.

    Reid Hoffman is one of the greatest innovators in the last 30 years. He was the founder of

    answer choices

    Snapchat

    Twitter

    Groupon

    LinkedIn

  • Question 10
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    Q.

    Roasted is a community-driven coffee shop that opened locally. They have 10 employees. They are

    answer choices

    an example of a startup

    an example of a small business

  • Question 11
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    Q.

    What does the term "boot-strapping" refer to?

    answer choices

    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

  • Question 12
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    Q.

    This round of funding helps a company add a few employees & launch an early product.

    answer choices

    Seed Funding

    Series A Funding

    Series B Funding

    Series C Funding

  • Question 13
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    Q.

    Which is a way to advertise your business or product? ( hint: choose 2 correct answers :)

    answer choices

    Support Media

    Product Placement

    Broadcast Media

    The Internet

  • Question 14
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    Q.

    Which is NOT one of the reasons startups typically fail?

    answer choices

    Run out of cash

    No business model

    Poor marketing

    Market demand

  • Question 15
    20 seconds
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    Q.

    An elevator pitch is a way to convey information about your business. How long should it be?

    answer choices

    5 minutes

    3 minutes

    60 seconds

    30 seconds

  • Question 16
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    Q.

    This famous innovator & entrepreneur was a scientist, printer, inventor, author, & businessman.

    answer choices

    John D. Rockefeller

    Benjamin Franklin

    Thomas Edison

    Henry Ford

  • Question 17
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    Q.

    The process of creating something new that makes life better is called...

    answer choices

    Technology

    Innovation

    Brand recognition

    Opportunity cost

  • Question 18
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    Q.

    A venture capitalist is

    answer choices

    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

  • Question 19
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    Q.

    Which is NOT part of the procedure of developing an advertising campaign?

    answer choices

    Define your market

    Prototype your product

    Establish your budget

    Create an advertising strategy

  • Question 20
    20 seconds
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    Q.

    What is the difference between a startup and a small business?

    answer choices

    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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