Question 1

All of the following is true about phantom stocks except:

Accepted Answer

A) They are expensed over the vesting period 
B) They give employees the right to own equity 
C) The company needs cash when phantom stocks are exercised 
D) They grant the holders additional voting power 
E) They lower the dilution effect 
A) They are expensed over the vesting period 
B) They give employees the right to own equity 
C) The company needs cash when phantom stocks are exercised 
D) They grant the holders additional voting power 
E) They lower the dilution effect D

Question 2

By making your team members work long hours, you put them at risk of:

Accepted Answer

A) Burnout 
B) Family pressure 
C) Stress 
D) Reduced efficiency 
E) All of the above 
A) Burnout 
B) Family pressure 
C) Stress 
D) Reduced efficiency 
E) All of the above E

Question 3

In general, founder shares should be granted to at least 10 people.

Accepted Answer

A) True 
 B)False  False

Question 4

Certain personalities are better suited for entrepreneurship than others.

Accepted Answer

A) True 
 B)False

Question 5

Why are lawyers and accountants considered to be external members of your team?

Accepted Answer

a.Your lawyer will most likely work very

Question 6

Co-founders of a start-up should work on every task and decision together.

Accepted Answer

A) True 
 B)False

Question 7

Board members should be encouraged to act in the best interest of the principal owner exclusively.

Accepted Answer

A) True 
 B)False

Question 8

Company culture is incredibly difficult to change after it has been established.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is true about teams?

Accepted Answer

A) Teams provide constructive feedback for your ideas. 
B) Teams increase your contact network exponentially. 
C) Teams increase your revenue. 
D) Teams provide you with moral support. 
E) All of the above 
A) Teams provide constructive feedback for your ideas. 
B) Teams increase your contact network exponentially. 
C) Teams increase your revenue. 
D) Teams provide you with moral support. 
E) All of the above

Question 10

Three major problems your team may face are burnout, interpersonal conflicts and family pressure.Describe how you can prevent and overcome them.

Accepted Answer

a.Listen to each team member, not only a

Question 11

What is the most commonly used form of equity compensation?

Accepted Answer

A) Restricted stock 
B) Phantom stock 
C) Options 
D) Stock appreciation rights 
E) None of the above 
A) Restricted stock 
B) Phantom stock 
C) Options 
D) Stock appreciation rights 
E) None of the above

Question 12

What attribute characterizes "restricted stock"?

Accepted Answer

A) Does not grant voting rights 
B) Cost less per share 
C) Become vested over time 
D) Has a reduced interest rate 
E) Higher liquidation priority than unsecured debt 
A) Does not grant voting rights 
B) Cost less per share 
C) Become vested over time 
D) Has a reduced interest rate 
E) Higher liquidation priority than unsecured debt

Question 13

The Myers-Briggs personality type indicator can accurately predict an individual's likelihood for success in an entrepreneurial endeavor.

Accepted Answer

A) True 
 B)False

Question 14

Describe the pros and cons of a dual job strategy at the early stages of the venture.

Accepted Answer

a.Pros: you have a source of cash for yo

Question 15

Explain how entrepreneurs should use psychological or personality tests as one way to develop self-awareness.

Accepted Answer

a.The tests are designed to help individ

Question 16

Explain the benefits, to the firm, of a vesting schedule for employee options and shares.

Accepted Answer

a.Vesting basically means that people ea

Question 17

It is more common for teams to self-destruct because of personal conflicts than for lack of funding.

Accepted Answer

A) True 
 B)False

Question 18

Individuals that possess which of the following traits are most likely to launch their own businesses?

Accepted Answer

A) Overly conscious of their own weaknesses 
B) An aptitude for benchmarking their competitors' strengths 
C) Can objectively evaluate his strengths and weaknesses 
D) Emphasizes his or her strengths 
E) Oblivious to his or her own weaknesses 
A) Overly conscious of their own weaknesses 
B) An aptitude for benchmarking their competitors' strengths 
C) Can objectively evaluate his strengths and weaknesses 
D) Emphasizes his or her strengths 
E) Oblivious to his or her own weaknesses

Question 19

Which of the following is true about a company's culture?

Accepted Answer

A) A company's culture is relatively easy to change 
B) As a company grows, it is common for the culture to evolve 
C) More team members will fit your company's culture over time 
D) Problems with the team do not arise in companies with strong culture 
E) All elements of a company's culture constantly change 
A) A company's culture is relatively easy to change 
B) As a company grows, it is common for the culture to evolve 
C) More team members will fit your company's culture over time 
D) Problems with the team do not arise in companies with strong culture 
E) All elements of a company's culture constantly change

Question 20

Who should you invite to join the Board of Advisors of your firm and why?

Accepted Answer

a.Professors - for their fundamental kno

All of the following is true about phantom stocks except:

By making your team members work long hours, you put them at risk of:

In general, founder shares should be granted to at least 10 people.

Certain personalities are better suited for entrepreneurship than others.

Why are lawyers and accountants considered to be external members of your team?

Co-founders of a start-up should work on every task and decision together.

Board members should be encouraged to act in the best interest of the principal owner exclusively.

Company culture is incredibly difficult to change after it has been established.

Which of the following is true about teams?

Three major problems your team may face are burnout, interpersonal conflicts and family pressure.Describe how you can prevent and overcome them.

What is the most commonly used form of equity compensation?

What attribute characterizes "restricted stock"?

The Myers-Briggs personality type indicator can accurately predict an individual's likelihood for success in an entrepreneurial endeavor.

Describe the pros and cons of a dual job strategy at the early stages of the venture.

Explain how entrepreneurs should use psychological or personality tests as one way to develop self-awareness.

Explain the benefits, to the firm, of a vesting schedule for employee options and shares.

It is more common for teams to self-destruct because of personal conflicts than for lack of funding.

Individuals that possess which of the following traits are most likely to launch their own businesses?

Which of the following is true about a company's culture?

Who should you invite to join the Board of Advisors of your firm and why?

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters

Exam 6: Building the Founding Team

All of the following is true about phantom stocks except:

By making your team members work long hours, you put them at risk of:

In general, founder shares should be granted to at least 10 people.

Certain personalities are better suited for entrepreneurship than others.

Why are lawyers and accountants considered to be external members of your team?

Co-founders of a start-up should work on every task and decision together.

Board members should be encouraged to act in the best interest of the principal owner exclusively.

Company culture is incredibly difficult to change after it has been established.

Which of the following is true about teams?

Three major problems your team may face are burnout, interpersonal conflicts and family pressure.Describe how you can prevent and overcome them.

What is the most commonly used form of equity compensation?

What attribute characterizes "restricted stock"?

The Myers-Briggs personality type indicator can accurately predict an individual's likelihood for success in an entrepreneurial endeavor.

Describe the pros and cons of a dual job strategy at the early stages of the venture.

Explain how entrepreneurs should use psychological or personality tests as one way to develop self-awareness.

Explain the benefits, to the firm, of a vesting schedule for employee options and shares.

It is more common for teams to self-destruct because of personal conflicts than for lack of funding.

Individuals that possess which of the following traits are most likely to launch their own businesses?

Which of the following is true about a company's culture?

Who should you invite to join the Board of Advisors of your firm and why?

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters