Quiz 1 – Entrepreneurship - DE Steps 0-5

How many steps comprise the Disciplined Entrepreneurship Methodology?

• 12

• 24

• 34

• 20

What single necessary and sufficient condition must be met to have a business? In other words, you must have:

• incorporation documents

• a paying customer

• a customer

• investors

What is the first step of the Disciplined Entrepreneurship Methodology?

• incorporation

• primary market research

• fundraising

• market segmentation

Which is a defining characteristic of an entrepreneur?

• She takes risks.

• She is charismatic.

• She studied at a top university.

• She is wealthy.

What is a type of entrepreneurship or business that we did NOT discuss?

• IDE (Innovation Driven Entrepreneurship)

• SMEs (Small and Medium Sized Businesses)

• AIDE (Artificial Intelligence Driven Entrepreneurship)

• Franchising

What type of entrepreneurship does the Disciplined Entrepreneurship methodolgy focus on?

• IDE (Innovation Driven Entrepreneurship)

• SMEs (Small and Medium Sized Businesses)

• AIDE (Artificial Intelligence Driven Entrepreneurship)

• Franchising

Which is the correct formula for innovation?

• innovation = invention x commercialization

• invention = innovation x commercialization

• innovation = invention + commercialization

• innovation = invention / commercialization

Which best describes the growth for an IDE?

• logarithmic

• exponential

• constant

• negative

According to Disciplined Entrepreneurship, which best describes the growth for an SME?

• logarithmic

• exponential

• constant

• negative

Why are IDE’s often challenging to pursue?

• They lose significant money in the beginning.

• They require many investors.

• They take a long time to grow.

• The technology is difficult.