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ETRE 320 > Exam 2 > Flashcards

Exam 2 Flashcards

Final

1
Q

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

A

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

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2
Q

What is the difference between classified and comparative balance sheets?

A

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

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3
Q

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

A
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4
Q

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

A
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5
Q

Which of the following is true about trademarks?

A
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6
Q

Which of the following defines Innovation?

A
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7
Q

Which one of the following defines Invention?

A
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8
Q

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

A
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9
Q

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

A
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10
Q

Which one of the following is true for sole proprietorships?

A
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11
Q

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

A
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12
Q

Which of the following is not a disadvantage of corporations

A
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13
Q

Which one of the following is true for trade secrets?

A
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14
Q

Which of the following is true for design patents?

A
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15
Q

Entrepreneurial profit is a function of?

A
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16
Q

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

A
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17
Q

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

A
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18
Q

Which of the following is an innovation by itself?

A
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19
Q

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

A
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20
Q

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

A
21
Q

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

A
22
Q

Which one of the following is true for business angels?

A
23
Q

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

A
24
Q

Who are earlyvangelists?

A
25
Q

Which of the following is a component of value?

A
26
Q

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

A
27
Q

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

A
28
Q

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

A
29
Q

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

A
30
Q

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

A
31
Q

Which of the following explains the MVP development process?

A
32
Q

What does MVP stand for?

A

Minimum Viable Product

33
Q

Which of the following explains the product-market fit?

A
34
Q

What is the difference between debt and equity financing?

A
35
Q

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

A
36
Q
A
37
Q

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

A
38
Q

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

A

Whic

39
Q

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

A
40
Q

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

A

Novelty and Risk

41
Q

What is the goal of the lean startup methodology?

A
42
Q

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

A
43
Q

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

A
44
Q

What is the difference between debt and equity financing?

A
45
Q

What is the benefit of debt financing?

A
46
Q

What are the drawbacks of debt financing?

A
47
Q

What is the benefit of equity financing?

A
48
Q

What are the drawbacks of equity financing?

A

ETRE 320 (2 decks)

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