Question 1

Developing new and delivering high-quality products or services that command higher prices and margins best describes strong

Accepted Answer

A) marketing practices 
B) financial practices 
C) operating practices 
D) management practices 
A) marketing practices 
B) financial practices 
C) operating practices 
D) management practices A

Question 2

Venture opportunity screening involves assessment of an idea's commercial potential to produce revenue growth,financial performance,and value.

Accepted Answer

A) True 
 B)False  True

Question 3

Mark Twain said:"Like I tell anybody,if you fail to plan,you're planning to fail."

Accepted Answer

A) True 
 B)False  False

Question 4

An entrepreneur may start a number of different types of businesses,including salary-replacement firms,lifestyle firms,and entrepreneurial firms or ventures.

Accepted Answer

A) True 
 B)False

Question 5

One way to describe asset intensity is the dollar investment in assets needed to generate a dollar in sales.

Accepted Answer

A) True 
 B)False

Question 6

Revenues minus the cost of goods sold is called

Accepted Answer

A) gross profit 
B) gross profit margin 
C) net profit 
D) net profit margin 
A) gross profit 
B) gross profit margin 
C) net profit 
D) net profit margin

Question 7

When composing the financial plans and projections section of a business plan,all of the following should be included except:

Accepted Answer

A) income statements and balance sheets 
B) statement of cash flows 
C) past and present dividend per share information 
D) breakeven analysis 
E) funding needs and sources 
A) income statements and balance sheets 
B) statement of cash flows 
C) past and present dividend per share information 
D) breakeven analysis 
E) funding needs and sources

Question 8

Dollar profit left after all expenses,including financing costs and taxes have been deducted from the firm's revenues is called

Accepted Answer

A) gross profit 
B) gross profit margin 
C) net profit 
D) net profit margin 
E) cost of goods sold 
A) gross profit 
B) gross profit margin 
C) net profit 
D) net profit margin 
E) cost of goods sold

Question 9

A sound business model should provide a plan to generate revenues,make profits,and produce free cash flows.

Accepted Answer

A) True 
 B)False

Question 10

A typical business plan includes all of the following except:

Accepted Answer

A) management team 
B) financial plans and projections 
C) risk and opportunities 
D) timeline and milestones 
E) initial public offering information 
A) management team 
B) financial plans and projections 
C) risk and opportunities 
D) timeline and milestones 
E) initial public offering information

Question 11

A sound business model includes a plan to:

Accepted Answer

A) generate revenues,make profits 
B) make profits,produce free cash flows 
C) produce free cash flows for the owners of the venture 
D) generate revenues,make profits,and produce free cash flows 
A) generate revenues,make profits 
B) make profits,produce free cash flows 
C) produce free cash flows for the owners of the venture 
D) generate revenues,make profits,and produce free cash flows

Question 12

Direct costs of producing a product or providing a service is called

Accepted Answer

A) gross profit 
B) gross profit margin 
C) net profit 
D) net profit margin 
E) cost of goods sold 
A) gross profit 
B) gross profit margin 
C) net profit 
D) net profit margin 
E) cost of goods sold

Question 13

A SWOT analysis should consider as potential strengths or weaknesses whether there are unfilled customer needs and the extent to which intellectual property rights exist.

Accepted Answer

A) True 
 B)False

Question 14

Best practices of high-growth,high-performance firms applied in the management practices area include "assembling a management team that is balanced in both functional area coverage and industry/market knowledge."

Accepted Answer

A) True 
 B)False

Question 15

Which one of the following is not a part of the VOS indicator?

Accepted Answer

A) industry/market considerations 
B) pricing/profitability considerations 
C) financial/harvest considerations 
D) management team considerations 
E) location/profitability considerations 
A) industry/market considerations 
B) pricing/profitability considerations 
C) financial/harvest considerations 
D) management team considerations 
E) location/profitability considerations

Question 16

A firm's option to abandon a venture is an example of a:

Accepted Answer

A) bootstrapping option 
B) financial option 
C) survival option 
D) real option 
A) bootstrapping option 
B) financial option 
C) survival option 
D) real option

Question 17

Determine the dollar amount of total assets for a venture with the following financial information: revenues = $500,000;net profit = $70,000;and asset turnover =2.00 times.

Accepted Answer

A) $100,000 
B) $250,000 
C) $375,000 
D) $500,000 
E) $650,000 
A) $100,000 
B) $250,000 
C) $375,000 
D) $500,000 
E) $650,000

Question 18

A "venture opportunity screening" is the same thing as preparing a business plan.

Accepted Answer

A) True 
 B)False

Question 19

Best practices of high-growth,high-performance firms applied in the financial practices area include "preparing detailed monthly financial plans for the next year and annual financial plans for the next five years.

Accepted Answer

A) True 
 B)False

Question 20

A SWOT analysis focuses on strengths (S),worries (W),opportunities (O),and treats (T).

Accepted Answer

A) True 
 B)False

Developing new and delivering high-quality products or services that command higher prices and margins best describes strong

Venture opportunity screening involves assessment of an idea's commercial potential to produce revenue growth,financial performance,and value.

Mark Twain said:"Like I tell anybody,if you fail to plan,you're planning to fail."

An entrepreneur may start a number of different types of businesses,including salary-replacement firms,lifestyle firms,and entrepreneurial firms or ventures.

One way to describe asset intensity is the dollar investment in assets needed to generate a dollar in sales.

Revenues minus the cost of goods sold is called

When composing the financial plans and projections section of a business plan,all of the following should be included except:

Dollar profit left after all expenses,including financing costs and taxes have been deducted from the firm's revenues is called

A sound business model should provide a plan to generate revenues,make profits,and produce free cash flows.

A typical business plan includes all of the following except:

A sound business model includes a plan to:

Direct costs of producing a product or providing a service is called

A SWOT analysis should consider as potential strengths or weaknesses whether there are unfilled customer needs and the extent to which intellectual property rights exist.

Best practices of high-growth,high-performance firms applied in the management practices area include "assembling a management team that is balanced in both functional area coverage and industry/market knowledge."

Which one of the following is not a part of the VOS indicator?

A firm's option to abandon a venture is an example of a:

Determine the dollar amount of total assets for a venture with the following financial information: revenues = $500,000;net profit = $70,000;and asset turnover =2.00 times.

A "venture opportunity screening" is the same thing as preparing a business plan.

Best practices of high-growth,high-performance firms applied in the financial practices area include "preparing detailed monthly financial plans for the next year and annual financial plans for the next five years.

A SWOT analysis focuses on strengths (S),worries (W),opportunities (O),and treats (T).

Introduction and Overview

Organizing and Financing a New Venture

Measuring Financial Performance

Evaluating Financial Performance

Financial Planning:short Term and Long Term

Types and Costs of Financial Capital

Securities Law Considerations When Obtaining Venture Financing

Valuing Early-Stage Ventures

Venture Capital Valuation Methods

Professional Venture Capital

Other Financing Alternatives

Security Structures and Determining Enterprise Values

Harvesting the Business Venture Investment

Financially Troubled Ventures: Turnaround Opportunities

Filters

Exam 2: From the Idea to the Business Plan

Developing new and delivering high-quality products or services that command higher prices and margins best describes strong

Venture opportunity screening involves assessment of an idea's commercial potential to produce revenue growth,financial performance,and value.

Mark Twain said:"Like I tell anybody,if you fail to plan,you're planning to fail."

An entrepreneur may start a number of different types of businesses,including salary-replacement firms,lifestyle firms,and entrepreneurial firms or ventures.

One way to describe asset intensity is the dollar investment in assets needed to generate a dollar in sales.

Revenues minus the cost of goods sold is called

When composing the financial plans and projections section of a business plan,all of the following should be included except:

Dollar profit left after all expenses,including financing costs and taxes have been deducted from the firm's revenues is called

A sound business model should provide a plan to generate revenues,make profits,and produce free cash flows.

A typical business plan includes all of the following except:

A sound business model includes a plan to:

Direct costs of producing a product or providing a service is called

A SWOT analysis should consider as potential strengths or weaknesses whether there are unfilled customer needs and the extent to which intellectual property rights exist.

Best practices of high-growth,high-performance firms applied in the management practices area include "assembling a management team that is balanced in both functional area coverage and industry/market knowledge."

Which one of the following is not a part of the VOS indicator?

A firm's option to abandon a venture is an example of a:

Determine the dollar amount of total assets for a venture with the following financial information: revenues = $500,000;net profit = $70,000;and asset turnover =2.00 times.

A "venture opportunity screening" is the same thing as preparing a business plan.

Best practices of high-growth,high-performance firms applied in the financial practices area include "preparing detailed monthly financial plans for the next year and annual financial plans for the next five years.

A SWOT analysis focuses on strengths (S),worries (W),opportunities (O),and treats (T).

Introduction and Overview

Organizing and Financing a New Venture

Measuring Financial Performance

Evaluating Financial Performance

Financial Planning:short Term and Long Term

Types and Costs of Financial Capital

Securities Law Considerations When Obtaining Venture Financing

Valuing Early-Stage Ventures

Venture Capital Valuation Methods

Professional Venture Capital

Other Financing Alternatives

Security Structures and Determining Enterprise Values

Harvesting the Business Venture Investment

Financially Troubled Ventures: Turnaround Opportunities

Filters