Important

Which of the following is NOT a primary stage in the entrepreneurial process?

• Idea Generation

• Market Saturation

• Opportunity Evaluation

• Resource Acquisition

Which of the following is an example of an intangible asset?

• Land

• Equipment

• Inventory

• Goodwill

What is the process of extracting useful patterns and information from large datasets called?

• Data Mining

• Data Warehousing

• Data Preprocessing

• Data Visualization

What is the term for a legal principle that requires similar cases to be decided similarly?

• Equity

• Stare decisis

• Mens rea

• Actus reus

What does the term "accrual basis accounting" mean?

• Recording transactions only when cash is received or paid

• Recording transactions as they occur, regardless of when cash is exchanged

• Recording transactions at the end of each accounting period

• Ignoring non-cash transactions in financial reporting

What is the term for the process of turning an idea into a viable business opportunity?

• Idea Inception

• Entrepreneurial Inception

• Business Ideation

• Opportunity Recognition

Which statistical technique is used to make predictions based on patterns identified in historical data?

• Hypothesis Testing

• Regression Analysis

• T-test

• ANOVA

Which of the following is NOT a component of the current ratio?

• Current Assets

• Current Liabilities

• Long-term Liabilities

• Inventory

What is the term for a formal written order issued by a court commanding someone to do or refrain from doing something?

• Warrant

• Subpoena

• Injunction

• Summons

What is bootstrapping in the context of entrepreneurship?

• Using specialized footwear for business meetings

• Forming strategic alliances with other startups

• Financing a business using personal savings and revenue

• Hiring a team of advisors to guide business decisions