Question 1

Which of the following would NOT be considered a startup resource?

Accepted Answer

A)  Feasibility analysis 
B)  Founding team 
C)  Independent contractors 
D)  Equipment 
E)  Equity 
A)  Feasibility analysis 
B)  Founding team 
C)  Independent contractors 
D)  Equipment 
E)  Equity

Question 2

A new venture's health is measured by its balance sheet.

Accepted Answer

A) True 
 B)False

Question 3

Identifying accurately the resources required to start a business venture, including all the activities and processes in the business, is best accomplished by

Accepted Answer

A)  c onstructing a business process map. 
B)  creating a timeline. 
C)  defining a launch strategy . 
D)  positioning a venture in the value chain. 
E)  making financial assumptions. 
A)  c onstructing a business process map. 
B)  creating a timeline. 
C)  defining a launch strategy . 
D)  positioning a venture in the value chain. 
E)  making financial assumptions.

Question 4

The bottom line for any new venture is

Accepted Answer

A)  accountable balance sheets. 
B)  good income statements. 
C)  experienced employees . 
D)  a strong founding team . 
E)  cash. 
A)  accountable balance sheets. 
B)  good income statements. 
C)  experienced employees . 
D)  a strong founding team . 
E)  cash.

Question 5

Once an entrepreneur has determined that a business appears to be feasible, pro forma financials will be built as part of a

Accepted Answer

A)  feasibility study. 
B)  job design strategy. 
C)  business process map. 
D)  gross  profit analysis. 
E)  complete  business plan. 
A)  feasibility study. 
B)  job design strategy. 
C)  business process map. 
D)  gross  profit analysis. 
E)  complete  business plan.

Question 6

In manufacturing businesses, forecasting expenditures is a bit more complex than in wholesale businesses because _____ must be derived first.

Accepted Answer

A)  employee  salaries 
B)  inventory expenses 
C)  factory overhead 
D)  cost of goods sold 
E)  maintenance expenses 
A)  employee  salaries 
B)  inventory expenses 
C)  factory overhead 
D)  cost of goods sold 
E)  maintenance expenses

Question 7

When an entrepreneur attempts to gauge levels of demand, competitors are the prime source of information.

Accepted Answer

A) True 
 B)False

Question 8

With regard to pricing models, _____ products are defined as those whose price is transparent, easily identified, and most subject to downward pricing pressure.

Accepted Answer

A)  complex 
B)  simple 
C)  commodity 
D)  optional 
E)  minimal 
A)  complex 
B)  simple 
C)  commodity 
D)  optional 
E)  minimal

Question 9

Which of the following is an example of an indirect selling expense?

Accepted Answer

A)  C ost of promotional supplies 
B)  Salaries of nonsales personnel 
C)  Postal charges 
D)  Rent 
E)  Utilities 
A)  C ost of promotional supplies 
B)  Salaries of nonsales personnel 
C)  Postal charges 
D)  Rent 
E)  Utilities

Question 10

Where a new venture lies in the value chain will determine what its profit margins are, who its customers are, and how much it can charge for its products and services.

Accepted Answer

A) True 
 B)False

Which of the following would NOT be considered a startup resource?

A new venture's health is measured by its balance sheet.

Identifying accurately the resources required to start a business venture, including all the activities and processes in the business, is best accomplished by

The bottom line for any new venture is

Once an entrepreneur has determined that a business appears to be feasible, pro forma financials will be built as part of a

In manufacturing businesses, forecasting expenditures is a bit more complex than in wholesale businesses because _____ must be derived first.

When an entrepreneur attempts to gauge levels of demand, competitors are the prime source of information.

With regard to pricing models, _____ products are defined as those whose price is transparent, easily identified, and most subject to downward pricing pressure.

Which of the following is an example of an indirect selling expense?

Where a new venture lies in the value chain will determine what its profit margins are, who its customers are, and how much it can charge for its products and services.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping and Validating a Solution

Protecting the Startups Assets

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

Filters

Exam 9: Calculating Startup Capital Requirements

Which of the following would NOT be considered a startup resource?

A new venture's health is measured by its balance sheet.

Identifying accurately the resources required to start a business venture, including all the activities and processes in the business, is best accomplished by

The bottom line for any new venture is

Once an entrepreneur has determined that a business appears to be feasible, pro forma financials will be built as part of a

In manufacturing businesses, forecasting expenditures is a bit more complex than in wholesale businesses because _____ must be derived first.

When an entrepreneur attempts to gauge levels of demand, competitors are the prime source of information.

With regard to pricing models, _____ products are defined as those whose price is transparent, easily identified, and most subject to downward pricing pressure.

Which of the following is an example of an indirect selling expense?

Where a new venture lies in the value chain will determine what its profit margins are, who its customers are, and how much it can charge for its products and services.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping and Validating a Solution

Protecting the Startups Assets

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

Filters