كويز ريادة شابتر 3 #فارمسجي

26 Questions | Total Attempts: 2531

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كويز ريادة شابتر 3  #فارمسجي - Quiz

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Questions and Answers
  • 1. 
    An effective tool used to help assess ideas is the......
    • A. 

      Idea toolkit

    • B. 

      Idea dashboard

    • C. 

      Idea sketch pad

    • D. 

      Idea metric

  • 2. 
    Capital requirements, estimate earnings, and return on investment are three aspects of the financial feasibility analysis.
    • A. 

      True

    • B. 

      False

  • 3. 
    The purpose of a feasibility study is to determine whether a business idea is worth pursuing.
    • A. 

      True

    • B. 

      False

  • 4. 
    Which of the following is not a macro force that creates change in industries?
    • A. 

      Sociocultural

    • B. 

      Economic

    • C. 

      Technological

    • D. 

      Entry barriers

  • 5. 
    The Internet is an example of a ________ force.
    • A. 

      Economic

    • B. 

      Demographic

    • C. 

      Technological

    • D. 

      Sociocultural

  • 6. 
    Changing demographics create opportunities for entrepreneurs.
    • A. 

      True

    • B. 

      False

  • 7. 
    The strongest of the five forces in most industries is ________.
    • A. 

      Rivalry among companies competing in the industry

    • B. 

      Bargaining power of buyers

    • C. 

      Threat of new entrants to the industry

    • D. 

      Threat of substitute products or services

  • 8. 
    The primary purpose of the five forces matrix is to ________.
    • A. 

      Assign values to each of the five elements

    • B. 

      Provide a graphic

    • C. 

      List the five forces in rank order

    • D. 

      Assess the five forces as compared to a standard value

  • 9. 
    Capital required to compete in an industry determines ________
    • A. 

      Bargaining power of buyers

    • B. 

      Bargaining power of suppliers

    • C. 

      Threat of substitutes

    • D. 

      Threat of new entrants

  • 10. 
    Generally, an industry is more attractive when competitors are not similar in size or capability.
    • A. 

      True

    • B. 

      False

  • 11. 
    Generally, an industry is more attractive to new entrants when the advantages of economies of scale are present.
    • A. 

      True

    • B. 

      False

  • 12. 
    One of the cautions with a niche strategy is that niches change.
    • A. 

      True

    • B. 

      False

  • 13. 
    One form of primary research is ________.
    • A. 

      To review published articles

    • B. 

      Internet research

    • C. 

      Library research

    • D. 

      A focus group

  • 14. 
    Getting traffic counts at local competitor outlets is an example of ________ research.
    • A. 

      In-home

    • B. 

      Prototype

    • C. 

      Windshield

    • D. 

      Focus group

  • 15. 
    Secondary research includes customer surveys.
    • A. 

      True

    • B. 

      False

  • 16. 
    In designing customer surveys it is a good idea to keep them short.
    • A. 

      True

    • B. 

      False

  • 17. 
    Testing with prototypes is known as beta tests.
    • A. 

      True

    • B. 

      False

  • 18. 
    Time out of cash is relevant to ________ analysis.
    • A. 

      Strategic

    • B. 

      Business model

    • C. 

      Business plan

    • D. 

      Financial feasibility

  • 19. 
    The typical start-up in the United States needs a launch capital of ________.
    • A. 

      $10,000

    • B. 

      $80,000

    • C. 

      $100,000

    • D. 

      $50,000

  • 20. 
    ________ is the number of months the business can survive at its current rate of negative cash flow.
    • A. 

      Time out of cash

    • B. 

      Bleeding rate

    • C. 

      Survival time

    • D. 

      Life cycle

  • 21. 
    Having access to capital is called entrepreneurial readiness.
    • A. 

      True

    • B. 

      False

  • 22. 
    The Business Model Canvas has ________ elements.
    • A. 

      3

    • B. 

      5

    • C. 

      9

    • D. 

      6

  • 23. 
    Ideally, a focus group should have ________ members.
    • A. 

      2-3

    • B. 

      16-20

    • C. 

      8-12

    • D. 

      5-7

  • 24. 
    Using focus groups is an example of primary research.
    • A. 

      True

    • B. 

      False

  • 25. 
    A venture must produce an attractive rate of return relative to the level of risk it requires.
    • A. 

      True

    • B. 

      False

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