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WorksheetsOpportunity Recognition
Total questions: 11
Worksheet time: 6mins
Name
Class
Date
1.
Do most of the best enterprise opportunities end up the way they started?
a)
Yes
b)
No
2.
Do most radical innovations start in new, small or larger, established firms?
a)
Small
b)
Larger
3.
What is a business plan?
a)
An app that tells business owners what to do.
b)
A meeting in which business owners decide what to do.
c)
A document that details all aspects of a business.
4.
A business plan would be analogous to a ...
a)
compass
b)
a blueprint
c)
a how to manual
5.
Being opportunity focused means you never lose sight of:
a)
Competitive Advantages
b)
The Customer and the Marketplace
c)
The economic and funding Metrics of the Venture
6.
When considering a new opportunity, what should be the first consideration?
a)
The Financials
b)
The Product
c)
The Market
7.
What is a patent?
a)
Legal protection of written works, musical works, choreographed works.
b)
Legal protection of inventions, processes, machines
c)
Legal protection of words, symbols or combinations of these that represent a company
8.
What is copy write
a)
Legal protection of written works, musical works, choreographed works.
b)
Legal protection of inventions, processes, machines
c)
protection of words, symbols or combinations of these that represent a company
9.
What does a break-even analysis tell us?
a)
How much money you will receive when you take you your money out of an investment you have made
b)
The level of sales needed to cover costs
10.
How do you calculate return on investment?
a)
Gain minus investment (cost), divided by investment
b)
Fixed cost divided by selling price minus variable cost
11.
Joe invested $100 in his friend's new business. The business was successful within the first year. His friend paid him $200 for his share in the business. What is Joe's return on investment?
a)
200%
b)
25%
c)
50%
d)
100%
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