Exam 2 Flashcards
Final
Which one of the following is true for business angels and venture capitalists?
A venture capitalist is typiclly in control of a pot of money from a group of investors wanting to make profit from the business deal, and an angel uses their won money
What is the difference between classified and comparative balance sheets?
Comparative is a broad fuzzy balance sheet and comparative is a clear more in-depth balance sheet
Which one of the following types of debt has a priority in terms of payoff when a business dissolves?
Which of the following IP security options protects the color and shape of the product?
Which of the following is true about trademarks?
Which of the following defines Innovation?
Which one of the following defines Invention?
Which one of the following is a business model canvas section?
Which one of the following is an aspect of novelty of business opportunities?
Which one of the following is true for sole proprietorships?
Which one of the following is true for difference between limited and general partnerships?
Which of the following is not a disadvantage of corporations
Which one of the following is true for trade secrets?
Which of the following is true for design patents?
Entrepreneurial profit is a function of?
Which one of the following is an example of recurring revenues?
Which one of the following defines indirect channels for the customer segment?
Which of the following is an innovation by itself?
Which one of the following is not the most general and overarching definition of a business opportunity?
Which one of the following is a business model canvas component?
Which one of the following is an example of first-round financing?
Which one of the following is true for business angels?
What is the definition of the secondary target audience for a business?
Who are earlyvangelists?
Which of the following is a component of value?
Which of the following is not a component of the value proposition canvas?
What is the difference between emotional and quantifiable impacts of a problem statement?
What is the importance of context of a problem statement for an entrepreneur?
Which of the following explains the difference between an elevator pitch and an investor pitch?
Which of the following is not a component of an elevator pitch?
Which of the following explains the MVP development process?
What does MVP stand for?
Minimum Viable Product
Which of the following explains the product-market fit?
What is the difference between debt and equity financing?
Which of the following is true for commercial and social entrepreneurs?
What are the three dimensions of novelty for a business opportunity?
What are the different types of customer jobs within the value proposition context?
Whic
What customer job would you prioritize when defining your value proposition and why?
What is the difference between a “small business idea” and an “entrepreneurial business idea”?
Novelty and Risk
What is the goal of the lean startup methodology?
What are at least 3 differences between commercial and social entrepreneurship?
What is the difference between the public and private side of the business model canvas?
What is the difference between debt and equity financing?
What is the benefit of debt financing?
What are the drawbacks of debt financing?
What is the benefit of equity financing?
What are the drawbacks of equity financing?
