6. Entrepreneurship & Small Business Certification Study Guide

6. Entrepreneurship & Small Business Certification Study Guide

6th Grade

17 Qs

quiz-placeholder

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6. Entrepreneurship & Small Business Certification Study Guide

6. Entrepreneurship & Small Business Certification Study Guide

Assessment

Quiz

Other

6th Grade

Medium

Created by

Charlotte Bremseth

Used 13+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Product license is used for a new product, new technology or new invention.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trade Secrets must be registered with the government's Patent and Trademark office.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A trademark license protects names, logos or slogans.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Copyright is required for material in the public domain.

True

False

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

It varies from firm to firm, but most venture capital firms want to see 2 of the following before investing:

A scalable business model.

A profitable exit strategy.

several business associates.

That you have invested all of your own money.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You own a company that makes baseball bats. For each bat you know the following:

Labor cost: $20

Materials: $30

You want a 25% mark-up, how much do you charge for each bat?

$76

$65.50

$50

$62.50

Answer explanation

Add your costs:

20=30=50

then multiply by 1.25 - tis would be the cost (1) plus 25% (.25)

50x1.25 = $62.50

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are two characteristics of a lean canvas?

Lean Canvas focusses on the Key Metrics, Unique Value Proposition and finding solutions to the problem.

A Lean Canvas includes Financial Projections and a Detailed Market analysis.

A Lean Canvas is a highly test based long detailed document.

A lean Canvas is a quick, concise tool used to outline or update a Business Plan.

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