Entrepreneurship and Small Business V.2 - Domain 1 Lesson 2

A patent protects an __________ from being copied.

• Idea

• Invention

• Design

• Brand

Entrepreneurs often face financial risks when starting a business. True or False?

• True

• False

Entrepreneurs collaborate with others to solve problems. True or False?

• True

• False

What type of risk involves competition from similar businesses?

• Financial risk

• Political risk

• Environmental risk

• Competitive risk

Which viability factor involves building relationships with experienced professionals?

• Market Size

• Relationships

• Cash Flow Management

• Passion

Which viability factor analyzes the skills of employees?

• Market Size

• Relationships

• Management Skillset

• Passion

A business opportunity that obtains licenses to use a brand name is known as ________.

• Franchising

• Licensing

• Network Marketing

• Joint Ventures

Which section of a business plan determines if there is a large enough customer pool?

Which section of a business plan includes roles that have not yet been filled?

Which intellectual property law protects creative works such as art, literature, and music?

• Trademark

• Copyright

• Patent

• Trade Secret