Exam 2

Question 1

Which one of the following is true for business angels and venture capitalists?

Answer 1

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

Question 2

What is the difference between classified and comparative balance sheets?

Answer 2

Comparative is a broad fuzzy balance sheet and comparative is a clear more in-depth balance sheet

Question 3

Which one of the following types of debt has a priority in terms of payoff when a business dissolves?

Question 4

Which of the following IP security options protects the color and shape of the product?

Question 5

Which of the following is true about trademarks?

Question 6

Which of the following defines Innovation?

Question 7

Which one of the following defines Invention?

Question 8

Which one of the following is a business model canvas section?

Question 9

Which one of the following is an aspect of novelty of business opportunities?

Question 10

Which one of the following is true for sole proprietorships?

Question 11

Which one of the following is true for difference between limited and general partnerships?

Question 12

Which of the following is not a disadvantage of corporations

Question 13

Which one of the following is true for trade secrets?

Question 14

Which of the following is true for design patents?

Question 15

Entrepreneurial profit is a function of?

Question 16

Which one of the following is an example of recurring revenues?

Question 17

Which one of the following defines indirect channels for the customer segment?

Question 18

Which of the following is an innovation by itself?

Question 19

Which one of the following is not the most general and overarching definition of a business opportunity?

Question 20

Which one of the following is a business model canvas component?

Question 21

Which one of the following is an example of first-round financing?

Question 22

Which one of the following is true for business angels?

Question 23

What is the definition of the secondary target audience for a business?

Question 24

Who are earlyvangelists?

Question 25

Which of the following is a component of value?

Question 26

Which of the following is not a component of the value proposition canvas?

Question 27

What is the difference between emotional and quantifiable impacts of a problem statement?

Question 28

What is the importance of context of a problem statement for an entrepreneur?

Question 29

Which of the following explains the difference between an elevator pitch and an investor pitch?

Question 30

Which of the following is not a component of an elevator pitch?

Question 31

Which of the following explains the MVP development process?

Question 32

What does MVP stand for?

Answer 32

Minimum Viable Product

Question 33

Which of the following explains the product-market fit?

Question 34

What is the difference between debt and equity financing?

Question 35

Which of the following is true for commercial and social entrepreneurs?

Question 37

What are the three dimensions of novelty for a business opportunity?

Question 38

What are the different types of customer jobs within the value proposition context?

Answer 38

Whic

Question 39

What customer job would you prioritize when defining your value proposition and why?

Question 40

What is the difference between a "small business idea" and an "entrepreneurial business idea"?

Answer 40

Novelty and Risk

Question 41

What is the goal of the lean startup methodology?

Question 42

What are at least 3 differences between commercial and social entrepreneurship?

Question 43

What is the difference between the public and private side of the business model canvas?

Question 44

What is the difference between debt and equity financing?

Question 45

What is the benefit of debt financing?

Question 46

What are the drawbacks of debt financing?

Question 47

What is the benefit of equity financing?

Question 48

What are the drawbacks of equity financing?