Question 1

Which of the following could not be offered in a Kickstarter campaign?

Accepted Answer

A) a free product or product sample 
B) participation in a cash award raffle 
C) presale delivery of the product or service 
D) free tickets to a play 
A) a free product or product sample 
B) participation in a cash award raffle 
C) presale delivery of the product or service 
D) free tickets to a play

Question 2

Wikipedia encouraging its users to edit and update its free online encyclopedia is an example of ______.

Accepted Answer

A) patronage 
B) equity 
C) crowdfunding 
D) crowdsourcing 
A) patronage 
B) equity 
C) crowdfunding 
D) crowdsourcing

Question 3

Which crowdfunding platform focuses on science-related projects?

Accepted Answer

A) RocketHub 
B) GoddardGroup 
C) OurCrowd 
D) Patreon 
A) RocketHub 
B) GoddardGroup 
C) OurCrowd 
D) Patreon

Question 4

Which of the following needs can be addressed primarily through crowdsourcing?

Accepted Answer

A) A company wants to procure a library of freely downloadable photographs for its photo app. 
B) A company wants to increase profits by raising subscription fees to its video streaming app. 
C) A company wants to reduce waste in its manufacturing process by working with a single vendor. 
D) A company wants to raise funding to support expansion of its product lines. 
A) A company wants to procure a library of freely downloadable photographs for its photo app. 
B) A company wants to increase profits by raising subscription fees to its video streaming app. 
C) A company wants to reduce waste in its manufacturing process by working with a single vendor. 
D) A company wants to raise funding to support expansion of its product lines.

Question 5

Crowdfunding entrepreneurs should set a funding target that is ______.

Accepted Answer

A) aggressive to signal confidence in the product or service for potential investors. 
B) low and easy to outperform in order to generate buzz around the product or service. 
C) realistic enough to attract backers but high enough to cover costs. 
D) as high as possible to generate as much initial cash as possible to infuse into the business. 
A) aggressive to signal confidence in the product or service for potential investors. 
B) low and easy to outperform in order to generate buzz around the product or service. 
C) realistic enough to attract backers but high enough to cover costs. 
D) as high as possible to generate as much initial cash as possible to infuse into the business.

Question 6

What is characteristic of the reward model of crowdfunders?

Accepted Answer

A) Investors provide financial support with no expectation of direct return. 
B) Investors are given prizes for their financial support,such as product samples or experiences. 
C) Equity is exchanged for the contribution. 
D) Funds are treated as loans. 
A) Investors provide financial support with no expectation of direct return. 
B) Investors are given prizes for their financial support,such as product samples or experiences. 
C) Equity is exchanged for the contribution. 
D) Funds are treated as loans.

Question 7

Which crowdfunding platform allows its patrons to fund illustrators,authors,podcasters,musicians,and other independent creators?

Accepted Answer

A) RocketHub 
B) Crowdcube 
C) OurCrowd 
D) Patreon 
A) RocketHub 
B) Crowdcube 
C) OurCrowd 
D) Patreon

Which of the following could not be offered in a Kickstarter campaign?

Wikipedia encouraging its users to edit and update its free online encyclopedia is an example of ______.

Which crowdfunding platform focuses on science-related projects?

Which of the following needs can be addressed primarily through crowdsourcing?

Crowdfunding entrepreneurs should set a funding target that is ______.

What is characteristic of the reward model of crowdfunders?

Which crowdfunding platform allows its patrons to fund illustrators,authors,podcasters,musicians,and other independent creators?

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters

Exam 12: Bootstrapping and Crowdfunding for Resources

Which of the following could not be offered in a Kickstarter campaign?

Wikipedia encouraging its users to edit and update its free online encyclopedia is an example of ______.

Which crowdfunding platform focuses on science-related projects?

Which of the following needs can be addressed primarily through crowdsourcing?

Crowdfunding entrepreneurs should set a funding target that is ______.

What is characteristic of the reward model of crowdfunders?

Which crowdfunding platform allows its patrons to fund illustrators,authors,podcasters,musicians,and other independent creators?

Practicing Entrepreneurship

Activating an Entrepreneurial Mindset

Creating and Recognizing New Opportunities

Using Design Thinking

Building Business Models

Developing Your Customers

Testing and Experimenting With New Ideas

Supplement A: Financial Statements and Projections for Startups

Developing Networks and Building Teams

Supplement B: the Pitch Deck

Creating Revenue Models

Planning for Entrepreneurs

Anticipating Failure

Financing for Startups

Navigating Legal and Ip Issues

Engaging Customers Through Marketing

Supporting Social Entrepreneurship

Filters