Entrepreneurship Final Exam - Spring 2025

Entrepreneurship Final Exam - Spring 2025

26 Qs

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Entrepreneurship Final Exam - Spring 2025

Entrepreneurship Final Exam - Spring 2025

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Haley Hardwick

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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the primary characteristics of an entrepreneur?

Someone who only focuses on financial gains
An individual who manages existing businesses
A person who initiates and runs a business while accepting various types of risks
Someone who works exclusively in technology startups

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the context of entrepreneurial skills, which combination represents both hard and soft skills?

Financial planning and public speaking
Team building and accounting
Business analytics and inventory management
Marketing strategy and business planning

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market segmentation approach would be most appropriate for a business targeting corporate clients with specialized software solutions?

Niche market targeting individual consumers
B2B market with focus on enterprise solutions
Global market without specific segmentation
Emerging market focus

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In developing the marketing strategy for the senior citizen smartwatch, what is the most appropriate approach for the introduction stage?

Organize demonstration sessions in community centers with conservative inventory
Launch with aggressive pricing and high inventory levels
Focus primarily on online marketing channels
Stock large quantities to prevent potential stockouts

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement best describes the key distinction between equity and debt financing?

Equity financing requires monthly payments while debt financing is paid annually
Debt financing involves giving up company ownership while equity financing maintains full control
Equity financing involves selling ownership stakes without repayment obligations, while debt financing requires interest payments
Both financing methods require giving up equal amounts of business control

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In addition to providing capital, what valuable resource do venture capitalists typically offer?

Guaranteed customer contracts
Free office space and equipment
Employee training programs
Strategic guidance and network access

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does understanding direct versus indirect costs impact business management?

It only affects tax calculations
It helps in accurate expense tracking and profitability management
It's solely important for inventory management
It exclusively impacts employee compensation

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