Question 1

A month-by-month timeline shows a year in the life of a business with key milestones and anticipated ____. ​

Accepted Answer

A) pricing 
B) growth 
C) financial metrics 
D) losses 
E) triggers ​ 
A) pricing 
B) growth 
C) financial metrics 
D) losses 
E) triggers ​

Question 2

Which of the following is not part of direct selling expenses? ​

Accepted Answer

A) Telephone expenses 
B) Advertising costs 
C) Travel costs 
D) Sales salaries 
E) Commissions 
A) Telephone expenses 
B) Advertising costs 
C) Travel costs 
D) Sales salaries 
E) Commissions

Question 3

Determining what resources are needed, when they are needed, and how to acquire them is a critical piece of the ____. ​

Accepted Answer

A) business plan 
B) feasibility analysis ​ 
C) founding team experience ​ 
D) marketing plan 
E) profit and loss statements 
A) business plan 
B) feasibility analysis ​ 
C) founding team experience ​ 
D) marketing plan 
E) profit and loss statements

Question 4

How a product or service is priced is a function of the company's ____. ​

Accepted Answer

A) business plan ​ 
B) feasibility analysis 
C) process map 
D) goals 
E) product demand 
A) business plan ​ 
B) feasibility analysis 
C) process map 
D) goals 
E) product demand

Question 5

In manufacturing businesses, forecasting expenditures is a bit more complex because ____ must be derived first. ​

Accepted Answer

A) salaries 
B) inventory expenses 
C) factory overhead 
D) cost of goods sold 
E) in-process flow ​ 
A) salaries 
B) inventory expenses 
C) factory overhead 
D) cost of goods sold 
E) in-process flow ​

Question 6

In a manufacturing business, which of the following is not part of the calculations used to forecast the costs of goods sold (COGS)? ​

Accepted Answer

A) Direct labor ​ 
B) Cost of materials 
C) Direct factory overhead 
D) Product delivery 
E) Work-in-process flow 
A) Direct labor ​ 
B) Cost of materials 
C) Direct factory overhead 
D) Product delivery 
E) Work-in-process flow

Question 7

Once the entrepreneur determines where the new venture lies in the value chain, he or she must create a ____. ​

Accepted Answer

A) process map 
B) feasibility analysis 
C) business plan ​ 
D) timeline 
E) None of these choices 
A) process map 
B) feasibility analysis 
C) business plan ​ 
D) timeline 
E) None of these choices

Question 8

It is important to ensure that the final price to the customer or end user is tolerable, given all the mark-ups along the value chain. This is called ____. ​

Accepted Answer

A) premium pricing 
B) price skimming 
C) product bundle pricing 
D) captive pricing 
E) demand-based pricing ​ 
A) premium pricing 
B) price skimming 
C) product bundle pricing 
D) captive pricing 
E) demand-based pricing ​

Question 9

The least important part of any financial plan is the assumptions on which it is based. ​

Accepted Answer

A) True 
 B)False

Question 10

Briefly discuss why a full set of pro forma financial statements is not needed at the feasibility analysis stage. ​

Accepted Answer

Actually, it makes no senses at the feas

A month-by-month timeline shows a year in the life of a business with key milestones and anticipated ____.

Which of the following is not part of direct selling expenses?

Determining what resources are needed, when they are needed, and how to acquire them is a critical piece of the ____.

How a product or service is priced is a function of the company's ____.

In manufacturing businesses, forecasting expenditures is a bit more complex because ____ must be derived first.

In a manufacturing business, which of the following is not part of the calculations used to forecast the costs of goods sold (COGS)?

Once the entrepreneur determines where the new venture lies in the value chain, he or she must create a ____.

It is important to ensure that the final price to the customer or end user is tolerable, given all the mark-ups along the value chain. This is called ____.

The least important part of any financial plan is the assumptions on which it is based.

Briefly discuss why a full set of pro forma financial statements is not needed at the feasibility analysis stage.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Preparing a Business Plan

Designing an Entrepreneurial Organization

Choosing the Legal Form of Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Incorporating Ethics and Social Responsibility Into the Business

Planning for Growth and Change

Funding Growth

Filters

Exam 9: Building the Founding Team