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Worksheets

23-01/26-01

Total questions: 83

Worksheet time: 42mins

Name
Class
Date
1.

Different than anything else

a)

Target Market

b)

Pro Forma

c)

Differentiated Offering

d)

Marketing/Selling Strategies

2.

The intended group of customers you want to serve

a)

Target Market

b)

pro forma

c)

makerting/selling strategies

d)

launch plan

3.

A one-page financial projection that lists

your major revenue sources and expenses.

a)

pro forma

b)

marketing/selling strategies

c)

lauch plan

d)

accounting system

4.

how you intend to communicate to large numbers of customers, motivating them to learn more about your business.how you move specific customers to buy from you

a)

Marketing/selling strategies

b)

launch plan

c)

accounting system

d)

revenue

5.

A detailed To Do List of steps you’ll need to take to go from concept and funding all the way to business launch

a)

Launch Plan

b)

Expense

c)

Accounting System

d)

Revenue

6.

Software program to track financial information like budgets, expenditures, invoicing and payroll

a)

Expense

b)

Revenue

c)

Cost of Goods

d)

Accounting System

7.

Income

a)

Expense

b)

Revenue

c)

Cost of Goods

d)

Personnel Cost

8.

The cost required for an item or service. The outflow of money to another person or group to pay for an item or service.

a)

Expense

b)

Cost of Goods

c)

Personnel Cost

d)

Cost of Goods

9.

The cost that it takes to produce a product or service

a)

Cost of Goods

b)

Personnel Cost

c)

Marketing/Sales Cost

d)

Overhead Cost

10.

Money paid by an employer to an employee for work done during a period of time.

a)

Overhead Cost

b)

Marketing/Sales Cost

c)

Personnel Cost

d)

Capital

11.

The amount of money spent to sell product or services

a)

Credit

b)

Marketing/Sales Cost

c)

Overhead Cost

d)

Capital

12.

Cost of running the business that does not lead to the generation of profit

a)

Overhead Cost

b)

Credit

c)

Capital

d)

Venture

13.

The value of funds in accounts or tangible machinery/production equipment

a)

Venture

b)

Capital

c)

Premium

d)

Credit

14.

The trust that allows one party to provide money or resources to another party where that the second party does not reimburse the first party immediately.

a)

Venture

b)

Credit

c)

Premium

d)

Deductibles

15.

A risky or daring journey or undertaking

a)

Venture

b)

Premium

c)

Deductibles

d)

Business Concept

16.

The annual cost to you of your insurance.

a)

Premium

b)

Deductibles

c)

Business Concept

d)

Vision Description

17.

The amount you will pay before the insurance company

reimburses you for a loss.

a)

Deductibles

b)

Business Concept

c)

Vision Description

d)

Prospective Investors

18.

short, simple document that provides a clear summary of a proposed business venture.

a)

Business Concept

b)

Vision Description

c)

Prospective Investors

d)

Hockey Stick Projections

19.

Similar to an elevator speech, a concise, compelling description of the proposed venture.

a)

Seasonality

b)

Prospective Investors

c)

Vision Description

d)

Hockey Stick Projections

20.

A person or entity that may be interested in providing capital for your business venture

a)

Prospective Investors

b)

Seasonality

c)

Hockey Stick Projections

d)

Competitive Reactions

21.

a revenue growth line sort of looks like a hockey stick - flat at first, and then a straight line up.

a)

Expansion Markets

b)

Seasonality

c)

Hockey Stick Projections

d)

Competitive Reactions

22.

Product or services that experience regular and predictable changes that recur every calendar year

a)

Seasonality

b)

Expansion Markets

c)

Assumptions

d)

Competitive Reactions

23.

How your customers and competitors responding to your marketing and selling strategies

a)

Expansion Markets

b)

Competitive Reactions

c)

Seasonality

d)

Assumptions

24.

The ability to go beyond your customers into markets that have not been in your typical plan.

a)

Competitive Reactions

b)

Expansion Markets

c)

Assumptions

d)

Hockey Stick Projections

25.

An idea that is accepted as true or as certain to happen without proof.

a)

Assumptions

b)

Seasonality

c)

Expansion Markets

d)

Competitive Reactions

26.

An activity or action that will maximize use and turn into a benefit.

a)

Exploit

b)

Spurious

c)

Verbose

d)

Clarify

27.

Misleading

a)

Verbose

b)

Spurious

c)

Clarify

d)

Discontinuous

28.

Wordy

a)

Discontinuous

b)

Clarify

c)

Verbose

d)

Primary Research

29.

To make a statement that is more understandable

a)

Primary Research

b)

Secondary Research

c)

Clarify

d)

Discontinuous

30.

Out of ordinary and breaking the routine

a)

Discontinuous

b)

Primary Research

c)

Secondary Research

d)

Experiential

31.

Gathering original data

a)

Experiential

b)

Secondary Research

c)

Primary Research

d)

Proprietary Results

32.

Finding information developed by others

a)

Proprietary Results

b)

Unscientific Responses

c)

Secondary Research

d)

Experiential

33.

Data obtained by providing an experience or an observation.

a)

Unscientific Responses

b)

Proprietary Results

c)

Experiential

d)

Skewing

34.

results available only to the owners of the data

a)

Bias

b)

Proprietary Results

c)

Unscientific Responses

d)

Skewing

35.

A non-representative sample of responses included in a survey

a)

Unscientific Responses

b)

Bias

c)

Skewing

d)

Intervention Bias

36.

A representation that is misleading or unfair.

a)

Focus Group

b)

Bias

c)

Skewing

d)

Intervention Bias

37.

representation that is in favor of or against an idea, person, or group.

a)

Bias

b)

Focus Group

c)

Intervention Bias

d)

Expert Panels

38.

Research data that misrepresents results because of the inappropriate way questions were asked.

a)

Intervention Bias

b)

Expert Panels

c)

Focus Group

d)

Marketing

39.

A demographically diverse group of people assembled to participate in a guided discussion about a particular product or service before it is launched

a)

Expert Panels

b)

Sales

c)

Focus Group

d)

Marketing

40.

A group of experts that have specialized knowledge

a)

Marketing

b)

Sales

c)

Expert Panels

d)

Advertising

41.

Analysis

a)

Advertising

b)

Intervention Bias

c)

Marketing

d)

Sales

42.

Engagement.

a)

Skewing

b)

Advertising

c)

Intervention Bias

d)

Sales

43.

Creativity

a)

Intervention Bias

b)

Proprietary Results

c)

Advertising

d)

Bias

44.

A separate section in your Pro Forma that allows you to make varying assumptions that will help you avoid introducing errors in calculation into the pro forma spreadsheet.

a)

Expenditures

b)

Sensitivity Analysis

c)

Material Impact

d)

Materiality

45.

A financial term that means "big enough to care about."

a)

Materiality

b)

Expenditures

c)

Material Impact

d)

Cumulative Cash Flow

46.

Insignificant changes that do not hurt the overall performance of a business.

a)

Burn cash

b)

Material Impact

c)

Cumulative Cash Flow

d)

Expenditures

47.

The action of spending funds.

a)

Nadir

b)

Cumulative Cash Flow

c)

Expenditures

d)

Burn cash

48.

Cash in and out of the business over a period of time.

a)

Cumulative Cash Flow

b)

Nadir

c)

Variable Cost

d)

Burn cash

49.

A venture spends much more money than it takes in as it establishes its operations,

a)

IT

b)

Nadir

c)

Burn cash

d)

Variable Cost

50.

The lowest point of cumulative cash flow

a)

Free Lance Consultants

b)

Nadir

c)

IT

d)

Variable Cost

51.

Cost that vary depending on the rise and fall of production

a)

Free Lance Consultants

b)

Variable Cost

c)

Free Lance Consultants

d)

IT

52.

Acronym for Information Technology

a)

IT

b)

“Pencils out”

c)

Free Lance Consultants

d)

Evocative

53.

A worker that works independently by selling work or services by the hour, day or job with no intent to pursue a permanent or long-term arrangement with a single employer

a)

Evocative

b)

Free Lance Consultants

c)

Feasible

d)

Pencils out”

54.

A phrase that means to add up or to make economic sense.

a)

Feasible

b)

“Pencils out”

c)

Evocative

d)

Unmet customer need

(unexpressed)

55.

Bringing about strong emotions or feelings

a)

Feasible

b)

Unmet customer need

(unexpressed)

c)

Evocative

d)

Defensible competitive advantage

56.

Possible to do easily or conveniently

a)

Feasible

b)

Defensible competitive advantage

c)

Unmet customer need

(unexpressed)

d)

Attractive Return on Capital

57.

An advantage you have and can sustain over your competition

a)

Defensible competitive advantage

b)

Proprietary

c)

Attractive Return on Capital

d)

Intellectual property

58.

The expectation of money earned based on amount of investment

a)

Intellectual property

b)

Attractive Return on Capital

c)

Proprietary

d)

Proprietary

59.

Owner of information, knowledge, patent, copyright, trademark

a)

Intellectual property

b)

Proprietary

c)

Tenacious talent

d)

Intellectual property

60.

A work or invention that is the result of creativity

a)

Tenacious talent

b)

Contingency

c)

Intellectual property

d)

Human Capital

61.

Every investor invests in people. Investors always evaluate the quality of the human capital

a)

Human Capital

b)

Tenacity

c)

Tenacious talent

d)

Contingency

62.

A team of talented, driven individuals led by a

proven-effective business leader.

a)

Stamina

b)

Human Capital

c)

Contingency

d)

Tenacity

63.

A future event or circumstance that is possible that cannot be predicted with certainty.

a)

Contingency

b)

Tenacity

c)

Stamina

d)

Risk

64.

The quality or fact of being able to endure and continue with determination

a)

Business risk

b)

Tenacity

c)

Stamina

d)

Risk

65.

The ability to sustain prolonged physical or mental effort

a)

Business risk

b)

Risk

c)

Stamina

d)

Market risk

66.

A situation involving exposure to danger."

a)

Risk

b)

Business risk

c)

Reputational risk

d)

Market risk

67.

Risks associated with the success of a single venture.

a)

Business risk

b)

Market risk

c)

Reputational risk

d)

Financial risk

68.

Risks in a market sector that impact all competitors in that sector

a)

Political risk

b)

Market risk

c)

Reputational risk

d)

Financial risk

69.

Risks associated with the reputation and good standing of a venture

a)

Reputational risk

b)

Political risk

c)

Regulatory risk

d)

Financial risk

70.

Risks associated with the financial standing / performance of a venture

a)

Regulatory risk

b)

Mitigation strategies

c)

Financial risk

d)

Political risk

71.

Risks associated due to government passing laws or regulations that could impact the ability to operate.

a)

Regulatory risk

b)

Financial equity

c)

Sweat equity

d)

Mitigation strategies

72.

An action plan for implementing to identify, prioritize and implement actions to reduce risks.

a)

Sweat equity

b)

Mitigation strategies

c)

Financial equity

d)

Value proposition

73.

Funds contributed by owner.

a)

Financial equity

b)

Value proposition

c)

Sweat equity

d)

Start up

74.

When an entrepreneur or small business leader work long hours for little or no pay to make a new venture succeed

a)

Acquisition

b)

Sweat equity

c)

Value proposition

d)

Start up

75.

A value proposition that they believe delivers benefits in excess of the costs required to offer their product or service.

a)

Value proposition

b)

Start up

c)

Acquisition

d)

Franchise

76.

An existing business purchased from its owner

a)

Acquisition

b)

Franchise

c)

Start up

d)

Franchisee

77.

An existing business purchased from its owner.

a)

Franchisee

b)

Acquisition

c)

Franchise

d)

Franchisor

78.

A proven business concept, an established brand, and all types of management support

a)

Royalties

b)

Franchise

c)

Franchisee

d)

Franchisor

79.

The person purchasing a franchise

a)

Franchisee

b)

Joint venture

c)

Franchisor

d)

Royalties

80.

The person or entity offering the sale of a franchise.

a)

Franchisor

b)

Franchise

c)

Royalties

d)

Joint venture

81.

Money owed to a Franchisor per contract agreement.

a)

Joint venture

b)

Royalties

c)

Economy of Expression

d)

Value proposition

82.

A new business launched by two existing businesses.

a)

Joint venture

b)

Defensible competitive advantage

c)

Economy of Expression

d)

Proprietary

83.

Maximum efficiency in representing information.

a)

Franchise

b)

Economy of Expression

c)

Joint venture

d)

Royalties