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B & P E TENTA > B & E TENTA > Flashcards

B & E TENTA Flashcards

(Skapare: Josef Mara) Hej innan du utnyttjar dessa cards ha i åtanke: OBS läs GÄRNA hela beskrivningen/description. Jag har gjort detta med hjälp av Chat GPT, alltså tat fram alla svar. Jag är inte ansvarig för om några svar är fel utan det är ditt val hur du vill plugga.

1
Q

1 Which of the constellation forms the most completed venture team description?

A

Management team, Board of Directors, Lenders and Investors, Other Professionals (consultants), Board of Advisors, Key Employees, Founders

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2
Q

2 The most common reason for choosing to become an entrepreneur is according to the course

A

To be my own boss

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3
Q

3 What is correct regarding GEM and TEA

A

GEM, Global Entrepreneurship Monitor updates yearly the TEA, Total entrepreneurial activity in different countries

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4
Q

4 In which order would you ideally handle the development of the proposed business venture?

A

Idea => Opportunity => Feasibility analysis

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5
Q

5 Which of the following statements is true regarding Swedish legal foundations? (A sole…)

A

A sole proprietorship doesn’t require any minimum capital

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6
Q

6 What does incubation mean in an entrepreneurial context?

A

The stage of the creative process during which an entrepreneur considers the idea or thinks about a problem

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7
Q

7 What does preparation mean in the context of entrepreneurial creativity?

A

Bringing the background, experience and knowledge to recognize an opportunity

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8
Q

8 Intrapreneurship is

A

When units of a larger corporation encourage, allows and applies entrepreneurial conditions for the employees

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9
Q

9 What is correct about business model?

A

Business models are used to explain how an entrepreneurial initiative is adding value to customers and to the company

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10
Q

10 What is correct about disruptive business models

A

Disruptive business models are characterized by that they have impact on the way business is conducted over a whole industry

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11
Q

11 the difference between B2B and B2C is that

A

B2B regards business between companies and B2C regards business between a company and a private consumer

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12
Q

12 Which of the following statements regarding the five forces model is wrong? (not dev professor…)

A

The five forces model was developed by professor E Silverstein in the 1950’s

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13
Q

13 Which of the following competitive situations is the most obvious threat of substitute? (transport..)

A

Bicycle sales vs free public transportation

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14
Q

14 What is the difference between public and private corporations?

A

Both types of corporations are owned by shareholders, but only shares of a public corporation are traded at public stock markets

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15
Q

15 What is correct regarding the forces bargaining power of suppliers or bargaining power of buyers?

A

The strongest bargaining power relates to the combination of which of the parties is the largest and the number of alternative parties, i.e., the number of alternative buyers and sellers

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16
Q

16 Which of the following statements regarding Swedish legal forms of business organizations is NOT correct?
(not double…)

A

Private corporations must have a minimum share capital of 50000 kr

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17
Q

17 Which of the following are NOT listed as one of the four most suitable competencies for a founder of a start-up?
(level of edu…)

A

Finance know-how

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18
Q

18 The five forces model is primarily used for:

A

Understanding an industry’s structure and to determine industry profitability

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19
Q

19 The four forms of intellectual property are

A

Patent, Trademark, Copyright, Trade secret

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20
Q

20 Which are the main reasons for needing financing of a start-up?

A

Cash flow, Investments, Development

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21
Q

22 Which are the major advantages for becoming a franchisor?

A

Low cost, Income growth, Access to ideas

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22
Q

23 What is meant by a unicorn in the venture capital world?
(high value…)

A

A venture capital tech company valued at a billion US dollars or more

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23
Q

24 Which is correct?
(a board of…)

A

A board of directors in is always a legal requirement in a shareholders’ company

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24
Q

25 Which are according to the course the four most common day-to-day challenges of a growing firm?

A

Cash flow management, Price stability, Capital constraints, Quality control

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25
Q

26 Which of the following statements is correct? (Scope and Scale…)

A

Economy of scope is achieved by adding more product variation while economy of scale is achieved by producing more of the same product

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26
Q

27 Which is correct the following growth strategies (according to the course literature)? (merger)

A

A “merger” is when firms make an agreement on equal terms to become one firm all together

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27
Q

28 Which of the following statements is not true? (efficiency through specialization)

A

The drive for to reach resource efficiency through specialization is mostly important for large countries free trade

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28
Q

29 Which of the following statements is not true? (blocs and trade)

A

Trade blocs and free trade areas increase trade restrictions

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29
Q

30 Which of the following statements is not true?(prefect competitions)

A

High profit levels will be reached under Prefect competitions

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30
Q

31 Which of the following statements is not true? (Definition GATT)

A

GATT is an acronym for General Acceptance of Trade and Tolls

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31
Q

32 Which of the following statements is not true? (effects of restricted trade)

A

A negative effect of free trade is that the amount of research and development decreases, due to the increased competition between firms and organizations.

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32
Q

33 Which of the following statements is true? (Agenda 2030)

A

The United Nation’s (UN) Agenda 2030 aim to eradicate poverty, stop climate change, and create peaceful and secure societies

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33
Q

34 Which of the following statements is true? (gender social norm)

A

The Gender Social Norm Index shows a very large percent of women and men worldwide have a gender social norm bias

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34
Q

35 Which of the following statements is true? (ISO 26000)

A

The standard “ISO 26000” helps businesses and organizations translate principles into effective actions and shares best practices relating to social responsibility, at a global level.

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35
Q

36 Which of the following statements is true? (Sustainability)

A

A good corporate sustainability report should have several quality attributes connected to Clarity, Business benefit connected to the sustainability work, social benefits achievements, Long-term sustainability goals and have enhanced Credibility

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36
Q

1 What is true regarding TEA (total early-stage entrepreneurial activity)?

A

It is the percentage of people18-64 years old acting as early entrepreneurs

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37
Q

2 What did you learn from the course regarding salary-substitute firm (SSF) and Entrepreneurial firm (EF)?

A

An SSF is a firm is in practice much like a conventional employment, e.g., one-person companies providing services in the construction industry

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38
Q

3 In which four parts was the course material and the course book divided into? (Which is also the logic thinking process to start and develop a new company)

A

1)Entrepreneur 2) Business idea and business plan 3) Start a company 4) Manage and grow

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39
Q

4 In which order would you ideally handle the development of the proposed business venture?

A

Idea => Opportunity => Feasibility analysis

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40
Q

5 What is true regarding opportunity and/or opportunity window?

A

An opportunity is a favorable set of circumstances that creates need for a new type of product or business

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41
Q

6 The three ways to identify opportunities are according to the course book….

A

1)Observing trends 2) Solving problems 3) Finding gaps in the marketplace

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42
Q

7 What is NOT correct about business models?

A

Business models contain information about the founders or owners of the company

43
Q

8 Which is true regarding business models?

A

Low-end market business model is an example of a disruptive business model

44
Q

9 Which parameter is NOT included in the Business Model CANVAS template

A

Competitors

45
Q

10 What is correct about disruptive business models

A

Disruptive business models are characterized by that they have impact on the way business is conducted over a whole industry

46
Q

11 The difference between B2B and B2C is that

A

B2B regards business between companies and B2C regards business between a company and a private consumer

47
Q

12 What is correct regarding “Industry” and “Market”

A

Truck operators is an industry and goods transport are a market

48
Q

13 What is meant by or characterizes the force “threat of rivalry among existing firms” as being one of the forces in the five forces model?

A

Companies take extreme actions, e.g., they sell below cost, to hinder a new entrant to establish itself on the market

49
Q

14 Which of the following could be regarded as most clearly as a threat of substitute?

A

Quick electric kick bike service vs. JLT city bus service services

50
Q

15 What is correct regarding the forces bargaining power of suppliers or bargaining power of buyers?

A

The strongest bargaining power relates only to the number of alternative parties there are, i.e., the number of alternative buyers and sellers

51
Q

16 Which of the following statements regarding Swedish legal forms of business organizations is NOT correct?

A

Private corporations must have a minimum share capital of 50 000 kr

52
Q

17 Which is correct regarding new venture teams according to the course book?

A

The management team is a group of employees responsible for the daily operation of a company

53
Q

18 To shape new venture teams the course book proposes using a skills profile. It is primarily used to for….

A

Forming a suitable balance of competencies among the management team and key employees

54
Q

20 What is “burn rate” regarding a new company’s financial performance

A

it is the rate at which it needs to spend capital until it becomes profitable

55
Q

21 What is correct regarding external financing

A

Crowd funding means that customers are requested to add financing of the company with their purchases

56
Q

22 The four key forms of intellectual property are..

A

Patent, Trademark, Copyright, Trade secret

57
Q

23 What is a patent?

A

A grant from one or more federal governments giving the right to exclude others to use an invention

58
Q

24 What is correct regarding franchisor and franchisee

A

Advantages to be a franchisor are low cost and increased buying power

59
Q

25 Which of the following statements is correct?(patents)

A

Utility patents are granted for 20 years

60
Q

26 Which are the three major challenges with fast company growth

A

1)Too much stock/Not enough sales 2) Not enough delivery capacity 3) Cash flow / can’t pay the bills

61
Q

27 What is the critical volume?

A

The volume that is needed to make the company break even

62
Q

28 Which of the following statements is true?(Differences in input )

A

Differences in input factors (raw materials, labor, capital, knowledge) between countries are a driving force behind international trade

63
Q

29 Which of the following statements is true?(licensing)

A

Licensing allows firms to increase revenues and reduce investment costs risk in comparison to direct export as well as enhance learning and diffuse technologies

64
Q

30 Which of the following statements is not true?(Prefect competitions)

A

High profit levels will be reached under Prefect competitions

65
Q

32 Which of the following statements is true?(Swedish export)

A

International trade is growing twice as fast as commodity production

66
Q

33 Which of the following statements is not true?(agenda 2030)

A

Agenda 2030 was developed by the Brundtland Commission

67
Q

34 Which of the following statements is not true?(peace)

A

The Gender Social Norm Index shows a very large percent of women and men worldwide have a gender social norm bias

68
Q

35 Which of the following statements is not true?(triple bottom)

A

The Swan label is the Nordic region’s official eco-label and is commissioned by the government

69
Q

36 Which of the following statements is not true?(circular)

A

Circular economy is a concept, primarily, to enhance social responsibility into the business model

70
Q

1 What is the most common reason for people to become entrepreneurs according to the course material?

A

To be my own boss

71
Q

2 What did you learn from the course regarding salary-substitute firm (SSF) and Entrepreneurial firm (EF)?

A

An SSF is a firm is in practice much like a conventional employment, e.g., one-person companies providing services in the construction industry

72
Q

3 What characterizes an opportunity as in contrast to an entrepreneurial idea

A

An opportunity is characterized by that it is attractive, timely, durable and based on the supply of a product, service or business that adds value for a user or buyer

73
Q

4 In which order would you ideally handle the development of the proposed business venture?

A

Idea => Opportunity => Feasibility analysis

74
Q

5 Which of the following statements is true regarding Swedish legal foundations (proprietorship)

A

A sole proprietorship doesn’t require any minimum capital

75
Q

6 What is NOT true regarding a business plan? (legal requirement)

A

A business model is a legal requirement in public and private corporations

76
Q

7 What is correct about business models?

A

Business models are used to explain how an entrepreneurial initiative is adding value to customers and to the company

77
Q

8 Which parameter is NOT included in the Business Model CANVAS template

A

Balance sheet

78
Q

9 Which two types of disruptive business models are mentioned in the course book?

A

“New market disruption” and “Low-end market disruption”

79
Q

10 What is correct about disruptive business models

A

Disruptive business models are characterized by that they have impact on the way business is conducted over a whole industry

80
Q

11 What is correct regarding B2B and B2C

A

IKEA and ICA stores are practicing both B2B and B2C

81
Q

12 What is correct regarding “Industry” and “Market”

A

An industry is a group of companies with similar products and/or services

82
Q

13 What is meant by or characterizes the force “threat of rivalry among existing firms” as being one of the forces in the five forces model?

A

Companies take extreme actions, e.g., they sell below cost, to hinder a new entrant to establish itself on the market

83
Q

14 Which of the following could be regarded as most clearly as a threat of substitute=?

A

Leasing car vs buy a car

84
Q

15 What is correct regarding the forces bargaining power of suppliers or bargaining power of buyers?

A

Bargaining power of suppliers grows when there are fewer and bigger suppliers and many small customers

85
Q

16 What is meant by double taxation of a company’s profits?

A

Both profit and share dividend payments to shareholders are subject to taxation

86
Q

17 Which are the five forces in the five forces model?

A

1)Threat of substitutes 2) Threat of new entrants 3) Rivalry among existing firms 4) Bargaining power from suppliers 5) Bargaining power from buyers

87
Q

18 The five forces model is primarily used for:

A

Understanding an industry’s structure and to determine industry profitability

88
Q

19 What is indirect competition?

A

Indirect competition is when companies offer different solutions to satisfy the same customer need

89
Q

20 Which are the correct abbreviations of Chief Officers in a company?

A

CFO = Chief Financial Officer, CTO = Chief Technology Officer

90
Q

21 What is correct regarding founders of a entrepreneurial venture according to the course book?

A

Experts disagree whether sole or multiple founders are most successful

91
Q

23 What is correct regarding internal or external growth strategies?

A

Typical external growth strategies are mergers and acquisitions, strategic alliances, and franchising.

92
Q

24 What is correct regarding venture teams?

A

A board of directors is always a legal requirement in a shareholders’ company

93
Q

25 EPO, USPTO and PRV are

A

Abbreviations of three different authorities for patent registrations

94
Q

26 Which of the following statements is correct?(Economy of scale)

A

Economy of scope is achieved by adding more product variation while economy of scale is achieved by producing more of the same product

95
Q

27 Which is correct the following growth strategies (according to the course literature)?

A

A “merger” is when firms make an agreement on equal terms to become one firm all together

96
Q

28 What is correct regarding franchisor and franchisee

A

Advantages to be a franchisor are low cost and increased buying power

97
Q

29 Which of the following statements is true?(Differences in input)

A

Differences in input factors (raw materials, labor, capital, knowledge) between countries are a driving force behind international trade

98
Q

30 Which of the following statements is true?(Organizations related to GATT)

A

Organizations such as the International Monetary Fund (IMF) and the World Bank (IBRD) are related to GATT

99
Q

31 Which of the following statements is true?(TRIPS)

A

TRIPS is a multilateral agreement on intellectual property, which provides protection for patents, copyrights and trademarks

100
Q

32 Which of the following statements is true?(Exporting )

A

Exporting requires relatively low investments and involves a relatively small risk for a company.

101
Q

33 Which of the following statements is true?(Agenda 2030)

A

The United Nation (UN) Agenda 2030 consists of 17 global goals that can be grouped after their connection to the Society, the Economy, the Biosphere and the Joint responsibility for achieve all goals

102
Q

34 Which of the following statements is true?(global biodiversity)

A

The Living Planet Index is a measure of the state of global biodiversity.

103
Q

35 Which of the following statements is true?(Companies obligation)

A

Companies have an obligation to do what is right, just, and fair, and to avoid harm.

104
Q

36 Which of the following statements is true? (trade-off sustainability)

A

In principle, there can be a trade-off or a win-win between a company’s sustainability performance and financial performance.

B & P E TENTA (1 decks)

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