Business and Entrepreneurship Review

Front

The design thinking process is highly focused on using secondary research to develop solutions to problems. True or False

Back

False

Front

You have a cleaning company. You raised $10,000 from investors to get started. After three months, you have $7,450. What is your burn rate and current runway?

Back

$850 and about nine months of expenses covered.

Front

Who finds and invests resources to form the company and help it succeed?

Back

Founder

Front

A fixed cost has the same value each time it is incurred.

Back

True

Front

The design thinking process aims to develop a product based on the designer's needs.

Back

False

Front

Value engineering changes the purpose of the product.

Back

False

Front

Taking on business debt is a requirement for entrepreneurship.

Back

False

Front

A sole proprietorship protects the owner from personal liability.

Back

False

Front

Affiliate sales programs offer commissions to companies who sell their products.

Back

True

Front

This market segment describes statistical information about customers.

Back

Demographic