كويز ريادة شابتر 3 #فارمسجي
.
- 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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