Question 1

The definition of an entrepreneurial firm is:

Accepted Answer

A) survival,high growth 
B) high growth,high performance 
C) survival,average performance 
D) high,growth,average performance 
A) survival,high growth 
B) high growth,high performance 
C) survival,average performance 
D) high,growth,average performance B

Question 2

The VOS Indicator provides both qualitative and quantitative information about a venture's commercial potential.

Accepted Answer

A) True 
 B)False  True

Question 3

A venture with a low score on the VOS Indicator should always be abandoned.

Accepted Answer

A) True 
 B)False  False

Question 4

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 5

Ideas that are said to be "ahead of their time" are too early to become viable business opportunities for the inventor or innovator.

Accepted Answer

A) True 
 B)False

Question 6

Return on assets can be stated as which of the following?

Accepted Answer

A) net after-tax profit divided by total assets 
B) net profit margin times asset turnover 
C) net cash flow divided by total assets 
D) both a and b 
E) both a and c 
A) net after-tax profit divided by total assets 
B) net profit margin times asset turnover 
C) net cash flow divided by total assets 
D) both a and b 
E) both a and c

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

In the Kauffman Center study of best practices of high-growth,high-performance firms,which of the following practices was not included?

Accepted Answer

A) marketing practices 
B) financial practices 
C) management practices 
D) production/operations practices 
A) marketing practices 
B) financial practices 
C) management practices 
D) production/operations practices

Question 9

A VOS indicator stands for:

Accepted Answer

A) venture opportunity screening indicator 
B) viable opportunity statement indicator 
C) venture only success indicator 
D) viable assessment screening indicator 
A) venture opportunity screening indicator 
B) viable opportunity statement indicator 
C) venture only success indicator 
D) viable assessment screening indicator

Question 10

The free cash flows to equity of an entrepreneurial firm includes cash flows to:

Accepted Answer

A) venture investors 
B) creditors 
C) the entrepreneur 
D) a and b 
E) a and c
Fa,b,and c 
A) venture investors 
B) creditors 
C) the entrepreneur 
D) a and b 
E) a and c
Fa,b,and c

Question 11

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 12

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 13

The process of moving from entrepreneurial opportunities to new businesses,products,or services begins with ideas,then moves to the preparation of a business plan,and finally ends with a feasibility study.

Accepted Answer

A) True 
 B)False

Question 14

A sound business model is a plan to generate investor interest,make profits,and grow asset investments.

Accepted Answer

A) True 
 B)False

Question 15

The factor categories in a VOS indicator are:

Accepted Answer

A) industry/market considerations 
B) pricing/profitability considerations 
C) financial/harvest considerations 
D) management team considerations 
E) all of the above
F)a,b,and d 
A) industry/market considerations 
B) pricing/profitability considerations 
C) financial/harvest considerations 
D) management team considerations 
E) all of the above
F)a,b,and d

Question 16

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 17

When conducting a SWOT analysis,"unfilled customer needs" are examined in terms of:

Accepted Answer

A) strengths 
B) weaknesses 
C) opportunities 
D) threats 
E) a or b
F)c or d 
A) strengths 
B) weaknesses 
C) opportunities 
D) threats 
E) a or b
F)c or d

Question 18

Once conceptualized,a new idea should be examined for its business feasibility.

Accepted Answer

A) True 
 B)False

Question 19

A SWOT analysis does not focus on which of the following components or areas?

Accepted Answer

A) strengths 
B) weaknesses 
C) new ideas 
D) opportunities 
E) threats 
A) strengths 
B) weaknesses 
C) new ideas 
D) opportunities 
E) threats

Question 20

A well-designed entrepreneurial venture typically includes:

Accepted Answer

A) generating ideas 
B) analyzing the feasibility of ideas 
C) producing business models/plans 
D) only a and c above 
E) a,b,and c above 
A) generating ideas 
B) analyzing the feasibility of ideas 
C) producing business models/plans 
D) only a and c above 
E) a,b,and c above

The definition of an entrepreneurial firm is:

The VOS Indicator provides both qualitative and quantitative information about a venture's commercial potential.

A venture with a low score on the VOS Indicator should always be abandoned.

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

Ideas that are said to be "ahead of their time" are too early to become viable business opportunities for the inventor or innovator.

Return on assets can be stated as which of the following?

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

In the Kauffman Center study of best practices of high-growth,high-performance firms,which of the following practices was not included?

A VOS indicator stands for:

The free cash flows to equity of an entrepreneurial firm includes cash flows to:

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."

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

The process of moving from entrepreneurial opportunities to new businesses,products,or services begins with ideas,then moves to the preparation of a business plan,and finally ends with a feasibility study.

A sound business model is a plan to generate investor interest,make profits,and grow asset investments.

The factor categories in a VOS indicator are:

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

When conducting a SWOT analysis,"unfilled customer needs" are examined in terms of:

Once conceptualized,a new idea should be examined for its business feasibility.

A SWOT analysis does not focus on which of the following components or areas?

A well-designed entrepreneurial venture typically includes:

Introduction to Finance for Entrepreneurs

Organizing and Financing a New Venture

Preparing and Using Financial Statements

Evaluating Operating and Financial Performance

Managing Cash Flow

Types and Costs of Financial Capital

Securities Law Considerations When Obtaining Venture Financing

Projecting Financial Statements

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: Developing the Business Idea

The definition of an entrepreneurial firm is:

The VOS Indicator provides both qualitative and quantitative information about a venture's commercial potential.

A venture with a low score on the VOS Indicator should always be abandoned.

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

Ideas that are said to be "ahead of their time" are too early to become viable business opportunities for the inventor or innovator.

Return on assets can be stated as which of the following?

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

In the Kauffman Center study of best practices of high-growth,high-performance firms,which of the following practices was not included?

A VOS indicator stands for:

The free cash flows to equity of an entrepreneurial firm includes cash flows to:

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."

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

The process of moving from entrepreneurial opportunities to new businesses,products,or services begins with ideas,then moves to the preparation of a business plan,and finally ends with a feasibility study.

A sound business model is a plan to generate investor interest,make profits,and grow asset investments.

The factor categories in a VOS indicator are:

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

When conducting a SWOT analysis,"unfilled customer needs" are examined in terms of:

Once conceptualized,a new idea should be examined for its business feasibility.

A SWOT analysis does not focus on which of the following components or areas?

A well-designed entrepreneurial venture typically includes:

Introduction to Finance for Entrepreneurs

Organizing and Financing a New Venture

Preparing and Using Financial Statements

Evaluating Operating and Financial Performance

Managing Cash Flow

Types and Costs of Financial Capital

Securities Law Considerations When Obtaining Venture Financing

Projecting Financial Statements

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