Question 1

Which of the following crowdfunding sites would be best if raising money for a civic project?

Accepted Answer

A) Kickstarter 
B) Peerbackers 
C) Quirky 
D) RocketHub 
A) Kickstarter 
B) Peerbackers 
C) Quirky 
D) RocketHub

Question 2

Crowdsourcing would be the fastest way of raising financial capital for your business.

Accepted Answer

A) True 
 B)False

Question 3

In the patronage model, investors will contribute to your project with no expectation of direct return.

Accepted Answer

A) True 
 B)False

Question 4

Why is networking an important penny-pinching strategy?

Accepted Answer

A) The event frequently offers snacks so you can get a free meal. 
B) Venture capitalists may be attending networking meetings. 
C) You can meet people who may offer contacts that may enhance your business. 
D) Angel investors may be attending networking meetings. 
A) The event frequently offers snacks so you can get a free meal. 
B) Venture capitalists may be attending networking meetings. 
C) You can meet people who may offer contacts that may enhance your business. 
D) Angel investors may be attending networking meetings.

Question 5

The site Crowdcube is unique for which of the following reasons?

Accepted Answer

A) It is headquartered in Great Britain. 
B) It offers a professional fund manager to monitor the money invested by international investors. 
C) It invests only in Israeli startups. 
D) It was the first international equity crowdfunding site. 
A) It is headquartered in Great Britain. 
B) It offers a professional fund manager to monitor the money invested by international investors. 
C) It invests only in Israeli startups. 
D) It was the first international equity crowdfunding site.

Question 6

Crowdfunding that gives backers the opportunity to become shareholders in a company is called ____________.

Accepted Answer

A) crowdsourcing 
B) shared entrepreneurship 
C) professional fund management 
D) equity crowdfunding 
A) crowdsourcing 
B) shared entrepreneurship 
C) professional fund management 
D) equity crowdfunding

Question 7

What should be done with the product concept in order to conduct a successful campaign?

Accepted Answer

A) Provide schematic designs or service examples so that the product is clear. 
B) Offer samples of the product so that the investor can have a hands-on experience with the product. 
C) Test and refine the idea so that the product is clear and the investor knows what problem the product solves. 
D) Test the product with a survey or beta test prior to the campaign. 
A) Provide schematic designs or service examples so that the product is clear. 
B) Offer samples of the product so that the investor can have a hands-on experience with the product. 
C) Test and refine the idea so that the product is clear and the investor knows what problem the product solves. 
D) Test the product with a survey or beta test prior to the campaign.

Question 8

What should be done by an entrepreneur who expects a successful crowdfunding campaign?

Accepted Answer

A) Know and plan how to deliver the product to a large group of consumers. 
B) Offer samples of the product so that the investor can have a hands-on experience with the product. 
C) Test and refine the idea so that the product is clear and the investor knows what problem the product solves. 
D) Test the product with a survey or beta test prior to the campaign. 
A) Know and plan how to deliver the product to a large group of consumers. 
B) Offer samples of the product so that the investor can have a hands-on experience with the product. 
C) Test and refine the idea so that the product is clear and the investor knows what problem the product solves. 
D) Test the product with a survey or beta test prior to the campaign.

Question 9

What is the characteristic of the investor model of crowdfunders?

Accepted Answer

A) investors provide financial support with no expectation of direct return 
B) investors are rewarded for their financial support 
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 rewarded for their financial support 
C) equity is exchanged for the contribution 
D) funds are treated as loans

Question 10

What should entrepreneurs do in communicating about their product during a crowdfunding campaign?

Accepted Answer

A) Communicate the message of your product in no more than two sentences. 
B) Cescribe the details of your product so that it is distinct from similar products. 
C) Provide images and pictures of the product or service. 
D) Provide flexibility in the final form of your product. 
A) Communicate the message of your product in no more than two sentences. 
B) Cescribe the details of your product so that it is distinct from similar products. 
C) Provide images and pictures of the product or service. 
D) Provide flexibility in the final form of your product.

Question 11

Which of the following crowdfunding sites would be best if raising money for a science-related project?

Accepted Answer

A) Quirky 
B) Kickstarter 
C) Indiegogo 
D) RocketHub 
A) Quirky 
B) Kickstarter 
C) Indiegogo 
D) RocketHub

Question 12

Crowdsourcing refers to which of the following?

Accepted Answer

A) raising money on the Internet 
B) obtaining promises of money at some time in the future 
C) locating cites for crowdfunding 
D) using the Internet to attain free or reduced labor from people interested in your product or cause 
A) raising money on the Internet 
B) obtaining promises of money at some time in the future 
C) locating cites for crowdfunding 
D) using the Internet to attain free or reduced labor from people interested in your product or cause

Question 13

Imagine that you have started a company that provides training in real estate, focusing on house "flipping." You are emphasizing the training aspect in your business.Explain how you would use reward-based crowdfunding or crowdsourcing to quickly expand your audience reach.

Accepted Answer

Access to the audience and travel expens

Question 14

Indiegogo is the largest global fundraising site in the world.

Accepted Answer

A) True 
 B)False

Question 15

What country did the authors suggest for manufacturing in small amounts?

Accepted Answer

A) India 
B) Mexico 
C) China 
D) Thailand 
A) India 
B) Mexico 
C) China 
D) Thailand

Question 16

Which of the following would be considered an acceptable penny-pinching strategy?

Accepted Answer

A) offer company equity instead of paying employees up front 
B) never offer discounts on the sale of your product or service 
C) never outsource tasks 
D) don't pay vendors until the business is successful 
A) offer company equity instead of paying employees up front 
B) never offer discounts on the sale of your product or service 
C) never outsource tasks 
D) don't pay vendors until the business is successful

Question 17

Select a product that you might want to fund on Kickstarter.Explain the steps you would take to make sure that your campaign fulfills the requirements of the Kickstarter site.

Accepted Answer

The product should be in line with the t

Question 18

What is the maximum time a person can spend trying to raise funds through Kickstarter?

Accepted Answer

A) 20 days 
B) 30 days 
C) 60 days 
D) up to a year 
A) 20 days 
B) 30 days 
C) 60 days 
D) up to a year

Question 19

Why is it important to talk to others who have used crowdfunding?

Accepted Answer

A) You will get a better idea of what to do and what to avoid in your campaign. 
B) You can engage them in your own campaign. 
C) You can gain valuable information about their product or service. 
D) It is a networking opportunity. 
A) You will get a better idea of what to do and what to avoid in your campaign. 
B) You can engage them in your own campaign. 
C) You can gain valuable information about their product or service. 
D) It is a networking opportunity.

Question 20

What unique way did international singer Verity Price use to engage her audience?

Accepted Answer

A) She told an emotional story of her start as a singer. 
B) She raised funds exclusively in other countries. 
C) She built relationships with her customers by allowing them to vote on the songs she should include in her album. 
D) She provided online scores to her album music. 
A) She told an emotional story of her start as a singer. 
B) She raised funds exclusively in other countries. 
C) She built relationships with her customers by allowing them to vote on the songs she should include in her album. 
D) She provided online scores to her album music.

Which of the following crowdfunding sites would be best if raising money for a civic project?

Crowdsourcing would be the fastest way of raising financial capital for your business.

In the patronage model, investors will contribute to your project with no expectation of direct return.

Why is networking an important penny-pinching strategy?

The site Crowdcube is unique for which of the following reasons?

Crowdfunding that gives backers the opportunity to become shareholders in a company is called ____________.

What should be done with the product concept in order to conduct a successful campaign?

What should be done by an entrepreneur who expects a successful crowdfunding campaign?

What is the characteristic of the investor model of crowdfunders?

What should entrepreneurs do in communicating about their product during a crowdfunding campaign?

Which of the following crowdfunding sites would be best if raising money for a science-related project?

Crowdsourcing refers to which of the following?

Imagine that you have started a company that provides training in real estate, focusing on house "flipping." You are emphasizing the training aspect in your business.Explain how you would use reward-based crowdfunding or crowdsourcing to quickly expand your audience reach.

Indiegogo is the largest global fundraising site in the world.

What country did the authors suggest for manufacturing in small amounts?

Which of the following would be considered an acceptable penny-pinching strategy?

Select a product that you might want to fund on Kickstarter.Explain the steps you would take to make sure that your campaign fulfills the requirements of the Kickstarter site.

What is the maximum time a person can spend trying to raise funds through Kickstarter?

Why is it important to talk to others who have used crowdfunding?

What unique way did international singer Verity Price use to engage her audience?

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

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Exam 12: Bootstrapping for Resources

Which of the following crowdfunding sites would be best if raising money for a civic project?

Crowdsourcing would be the fastest way of raising financial capital for your business.

In the patronage model, investors will contribute to your project with no expectation of direct return.

Why is networking an important penny-pinching strategy?

The site Crowdcube is unique for which of the following reasons?

Crowdfunding that gives backers the opportunity to become shareholders in a company is called ____________.

What should be done with the product concept in order to conduct a successful campaign?

What should be done by an entrepreneur who expects a successful crowdfunding campaign?

What is the characteristic of the investor model of crowdfunders?

What should entrepreneurs do in communicating about their product during a crowdfunding campaign?

Which of the following crowdfunding sites would be best if raising money for a science-related project?

Crowdsourcing refers to which of the following?

Imagine that you have started a company that provides training in real estate, focusing on house "flipping." You are emphasizing the training aspect in your business.Explain how you would use reward-based crowdfunding or crowdsourcing to quickly expand your audience reach.

Indiegogo is the largest global fundraising site in the world.

What country did the authors suggest for manufacturing in small amounts?

Which of the following would be considered an acceptable penny-pinching strategy?

Select a product that you might want to fund on Kickstarter.Explain the steps you would take to make sure that your campaign fulfills the requirements of the Kickstarter site.

What is the maximum time a person can spend trying to raise funds through Kickstarter?

Why is it important to talk to others who have used crowdfunding?

What unique way did international singer Verity Price use to engage her audience?

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Generating New Ideas

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

the Pitch Deck

Filters