رياده فاينل
.
- 1.
The business model answers the question:
- A.
How would we proceed with this business idea?
- B.
How crowded is the industry?
- C.
How intense is the level of competition in industry?
Correct Answer
A. How would we proceed with this business idea? -
- 2.
For many entrepreneurs the easiest part of lunching businesse is:
- A.
Coming up with an idea for an new business concept or approach.
- B.
Coming up with an idea for an old business concept or approach.
- C.
Coming up with an idea for an new business concept only
- D.
Coming up with an idea for an old business concept only.
Correct Answer
A. Coming up with an idea for an new business concept or approach. -
- 3.
An idea assessment is the process of:
- A.
A-examining a need in the market
- B.
Developing a solution for that need
- C.
Determining the entrepreneurs ability to successfully turn the idea into a business
- D.
All of the above
Correct Answer
D. All of the above -
- 4.
The business modeling process includes:
- A.
Pivot business model until ready to expand
- B.
Test the product with prototype or minimal viable product
- C.
Test the value proposition with customer
- D.
Develop the business model canvas
- E.
All of the above
Correct Answer
E. All of the above -
- 5.
The business model answers the question :
- A.
Can this business generate adequate profits?
- B.
Is this industry a good home for my business?
- C.
How would we proceed with this idea?
- D.
All of the above
Correct Answer
C. How would we proceed with this idea? -
- 6.
The four major element to be included in the financial FA are :
- A.
Return on investment
- B.
Time out of cash
- C.
Estimated earnings (net income,profit)
- D.
Initial capital requirements
- E.
All of the above
Correct Answer
E. All of the above -
- 7.
In the 1970s and 1980s women begins entering the work face at much higher rates than had been the case previously ,this is example of:
- A.
Sociocultural
- B.
Technological
- C.
Demographic
- D.
Economic
Correct Answer
A. Sociocultural -
- 8.
One of the following doesn’t belong to the six macro forces :
- A.
Sociocultural
- B.
Technological
- C.
Demographic
- D.
Local
Correct Answer
D. Local -
- 9.
FA consist of.......interrelated components (elements):
- A.
4
- B.
2
- C.
5
- D.
3
Correct Answer
A. 4 -
- 10.
Some entrepreneurs create innovations recactivly in response to:
- A.
Customer feedback
- B.
Changing market conditions
- C.
(a+b)
Correct Answer
C. (a+b) -
- 11.
Some entrepreneurs stumble onto their ideas by accident ,but are clever enough to spote the business opportunity they offer.
- A.
True
- B.
False
Correct Answer
A. True -
- 12.
Entrepreneurship requires business owners to be:
- A.
Bold
- B.
Flexible
- C.
Wise
- D.
All of the above
Correct Answer
D. All of the above -
- 13.
The world trade organization estimates that between 2and 8percent of all goods traded globally are counterfeit.
- A.
True
- B.
False
Correct Answer
B. False -
- 14.
Your offering include any technologies or unique feature that will helpe differentiate it from competitors,this mean:
- A.
Value proposition
- B.
Core competency
- C.
Offering
- D.
All of the above
Correct Answer
B. Core competency -
- 15.
The strongest of the five forces is:
- A.
Rivalry among companies in the industry
- B.
Bargaining power of supplies
- C.
Threat of a new entrants
- D.
Non of the above
Correct Answer
A. Rivalry among companies in the industry -
- 16.
The broadest expression of the company’s purpose and defines the direction in which it will move:
- A.
Title bage and table of contents
- B.
Executive summary
- C.
Mission and vision statement
- D.
Non of the above
Correct Answer
C. Mission and vision statement -
- 17.
A person has invented some kind of invention and has a length of protection equals to 20 years. This belongs to:
- A.
Utility patent
- B.
Design patent
- C.
Trademark
- D.
Service mark
Correct Answer
A. Utility patent -
- 18.
The goal of brainstorming is to create a large quantity over quality for ideas.
- A.
True
- B.
False
Correct Answer
A. True -
- 19.
Which of the following is not a barrier to entry?
- A.
Capital requirements
- B.
Large number of buyers
- C.
Specialized knowledge
- D.
Access to distribution channels
Correct Answer
D. Access to distribution channels -
- 20.
________ are the broad, long-range attributes the small business seeks to accomplish; ______ are the more specific targets for performance.
- A.
Goals; objectives
- B.
Goals; strategies
- C.
Objectives; goals
- D.
Strategies; goals
Correct Answer
A. Goals; objectives -
- 21.
Every business is characterized by a set of controllable variables that determines the relative success (or lack of it) of market participants called ______.
- A.
Distinctive competencies
- B.
Key success factors
- C.
Competitive edge
Correct Answer
B. Key success factors -
- 22.
A good business model always starts with the customer
- A.
True
- B.
False
Correct Answer
A. True -
- 23.
A person has invented some kind of invention and has a length of protection equals to 14 years. This belongs to:
- A.
Utility patent
- B.
Design patent
- C.
Trademark
- D.
Service mark
Correct Answer
B. Design patent -
- 24.
A pin with a scanner , that means:
- A.
Utility patent
- B.
Design patent
- C.
Trademark
- D.
Service mark
Correct Answer
B. Design patent -
- 25.
The three "tests" associated with a business plan are ______.
- A.
Reality, competitive, and value
- B.
Competitive, profitability, and value
- C.
Value, reality, and profitability
- D.
Reality, value and litmus
Correct Answer
A. Reality, competitive, and value -
- 26.
A business plan should contain a title page with the company
- A.
Name
- B.
Logo
- C.
Address
- D.
All of the above
Correct Answer
D. All of the above -
- 27.
A good elevator pitch should be written is
- A.
Context
- B.
Benefits
- C.
Clincher
- D.
All of the above
Correct Answer
D. All of the above -
- 28.
Which of the following is not a barrier to entry?
- A.
Capital requirements
- B.
Large number of buyers
- C.
Specialized knowledge
- D.
Access to distribution channels
Correct Answer
D. Access to distribution channels -
- 29.
The mission statement should be limited to no more 25 words
- A.
True
- B.
False
Correct Answer
A. True -
- 30.
After reading the executives summary anyone should be able to understand the entire business concept
- A.
True
- B.
False
Correct Answer
A. True -
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Current Version
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Mar 16, 2022Quiz Edited by
ProProfs Editorial Team -
Dec 28, 2018Quiz Created by
Mohmmad.alsalem
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