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WorksheetsTechnopreneurship Final Exam
Total questions: 95
Worksheet time: 32mins
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business.
To help reduce the risk of business failure.
All of the above.
Complete the sentence: A business plan...
is useful once your business is operational but not much help during the startup phase
is not usually needed once the business is up and running
can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.
Which of the following is NOT a heading on a business plan?
The staff
The idea
Market research
Advertising campaign examples
Competitors
Which of the following would be interested in seeing the business plan of a new company?
Customers
Potential investors
The owners of the company
Banks/ potential lenders
Local council
A business plan would normally be updated:
Every day
A month after the business starts
Once a business adjusts its aims/objectives
Every so often
Never - It stays the same in its original form
Refers to what you are selling, including all of the features, advantages and benefits that your customers can get.
Price
Packaging
Promotion
Product
Refers to the staff and salespeople who work for your business, including yourself.
Positioning
Promotion
Place
People
This refers to where your products and services are seen, made, sold or distributed
Promotion
Place
Positioning
People
It may come in the form of a sole proprietorship, a partnership, or a corporation.
Roles and Responsibility
Form of the Business
Organizational Structure
Liability of the Owner
It refers to methods you can use to let potential customer know about your products and services.
Promotion
Packaging
Positioning
Price
It must be clearly defined in order to avoid misunderstanding and overlapping of functions.
Liability of the owner
Organizational Structure
Roles and Responsibilities
Form of the Business Organization
Which of the following is NOT the function of a Trademark?
It identifies one maker’s goods or services and distinguish them from those offered by others
It indicates that all goods or services offered under the mark come from a single producer, manufacturer, or “source”
It indicates that all goods or services offered under the mark are of consistent quality
It indicates the deficiency in the services of goods and services offered by them
Which of the following is NOT an Intellectual Property?
Land property documents
Patents
Geographical Indications
Copyrights
Identify the correct answer for the following: Duration of Utility patent & Design Patent
20 Years & 14 Years
14 Years & 20 Years
20 Years & 20 Years
10 Years & 14 Years
Identify the type of intellectual Property
Trademark
Copyrights
Trade secret
Patent
Identify the correct copyright notice from the following
2020 © Vardhaman College of Engineering
Vardhaman College of Engineering© 2020
© 2020 Vardhaman College of Engineering
Vardhaman College of Engineering 2020 ©
What is IP?
INDIVIDUAL PRODUCT
INTELLECTUAL PROPERTY
INTERNET PROTOCOL
INDUSTRIAL PRODUCT
You can patent your product brand. True/False?
TRUE
FALSE
Is it acceptable to use pictures from the internet in student assignments without the owner's acknowledgment?
YES
NO
Which is NOT in the intellectual property categories?
PATENT
TRADEMARKS
HUMAN RIGHTS
INDUSTRIAL DESIGN
This work can be registered under ............................... rights.
COPYRIGHT
PATENT
TRADEMARKS
INDUSTRIAL DESIGN
This logo can be registered under ............................... rights.
PATENT
COPYRIGHT
TRADEMARKS
INDUSTRIAL DESIGN
Can a company slogan like KFC be registered under intellectual property rights?
NO
YES, UNDER PATENT
YES, UNDER COPYRIGHT
YES, UNDER TRADEMARKS
Which intellectual property is represented by this symbol?
PATENT
COPYRIGHT
INDUSTRIAL DESIGN
TRADEMARKS
Which intellectual property is represented by this symbol?
PATENT
COPYRIGHT
INDUSTRIAL DESIGN
TRADEMARKS
Which intellectual property is represented by this symbol?
PATENT
COPYRIGHT
INDUSTRIAL DESIGN
TRADEMARKS
Which intellectual property is suitable to register your unique glass design?
PATENT
COPYRIGHT
INDUSTRIAL DESIGN
TRADEMARKS
Which of the following is NOT a basic requirement for a patent?
It must be extraordinarily creative
It must have utility
It must be novel
It must be not obvious to a person of ordinary skill in the field
Any idea or artistic creation that is recorded in some form, whether it’s hard copy or digital.
Creative Work
Copyright
Creative Commons
License
A kind of copyright that makes it easier for people to copy, share, and build on your creative work, as long as they give you credit for it.
Creative Work
Copyright
Creative Commons
License
A clear way to define the copyright of your creative work so people know how it can be used.
Creative Work
Copyright
Creative Commons
License
Stealing copyrighted work by downloading or copying it in order to keep, sell, or give it away without permission and without paying.
Plagiarize
Public Domain
Piracy
Fair Use
Creative work that’s not copyrighted and therefore free for you to use however you want.
Plagiarize
Public Domain
Piracy
Fair Use
Copying, “lifting,” or making slight changes to some or all of someone else’s work and saying you created it.
Plagiarize
Public Domain
Piracy
Fair Use
The ability to use a small amount of copyrighted work without permission, but only in certain ways and in specific situations (schoolwork and education, news reporting, criticizing or commenting on something, and comedy/parody).
Plagiarize
Public Domain
Piracy
Fair Use
Amy decided to ____________________ her paper for class by copying and pasting from Wikipedia and saying she wrote it.
Plagiarize
Copyright
Piracy
Fair Use
Robbie found a photo in the ____________________ that's no longer copyrighted, so he could use it however he wants.
Creative Work
Public Domain
Creative Commons
Fair Use
Alex had an idea for a poem in his head for the longest time, but once he finally wrote it down it instantly had a ____________________.
Creative Commons
Public Domain
Copyright
Creative Work
Eric uses a program where he "rips" movies and "burns" them to DVDs, which he then sells to friends. What Eric is doing is called ____________________.
Plagiarize
Downloading
Piracy
Fair Use
Because Zoe used a small amount of a movie in a remix video she made that pokes fun at the main character, she could say it's _______________.
Creative Work
Public Domain
Creative Commons
Fair Use
When Dwayne used a kind of copyright to make it easy for others to copy and share his video, he was using ____________________.
Creative Commons
Public Domain
Copyright
Fair Use
Books, movies, music, websites, games, and pieces of art are all examples of ____________________.
Creative Commons
Copyright
Creative Work
License
Match the type of intellectual property with the correct definition.
A protected name or symbol that uniquely identifies the products/services of a company.
Copyright
Patents
Trademarks
Creative Commons
To copyright your work you must display the copyright symbol (©), your name and the year of creation.
True
False
Which of the following is an acceptable reason for refusal to register a trademark?
The trademark is contrary to accepted standards of morality
The trademark contains an object or animal that is present in another registered trademark
The trademark contains a word that is in common usage
The trademark contains the colours of a sovereign country’s flag
Which of the following is NOT a basis from which to challenge an intellectual
property right?
The intellectual property right was registered by
someone who has since changed their name
The intellectual property right relates to a written
work registered by an author dead 70 years
The renewal fee on the intellectual property right
was not paid after the initial ten-year period expired
The intellectual property was never valid because
the essential requirements for registration weren’t met
Each of the following is a form of intellectual property EXCEPT
a patent on a business process
a website design
the recipe for apple pie that has been passed down through your family for several generations
the name of the website "Google"
_____ is a grant from the federal government conferring the rights to exclude others from making, selling, or using an invention for a certain term
Term limit
Patent
Trademark
Monopoly
All of the following are protected by trademarks EXCEPT
Logos such as the Apple on Apple’s product
A video of a play created and performed by a college drama class
Number and letter combinations like 3M
Unique product shapes as long as they have no bearing on the product function, such as the famous curved bottle of Coca Cola
Although intellectual property has no value in the marketplace, it is important to company because it is the result of human imagination and inventiveness
True
False
Utility patent, the most common type of patent, have terms of 20 years from the date of application
True
False
Scandalous matter, such as profane language used by very creative stand-up comedians can be protected by trademark
True
False
The title of textbooks for each of your classes is excluded from copyright protection
True
False
The term “Intellectual Property Rights” covers
Copyrights
Know-how
Trade dress
All of the above
Purpose of Financial Statement Analysis for investors
analyzing and checking the allocation of relevant resources of the enterprise
analyzing the profitability, operational capacity, investment returns and risks
analyzing the solvency of enterprises
analyzing the structure (various ratios or indicators) and the trend
Common size analysis is also known as ———————— analysis
Vertical Analysis
Horizontal Analysis
The financial statements of a business enterprise include:
_________________
Balance sheet
Statement of Profit and loss
Cash flow statement
All the above
Financial analysis is used only by the creditors.
True
False
State whether each of the following is True or False :
Statement of profit and loss account shows the operating performance of an enterprise for a period of time.
False
True
Revenue from operation is not taken as100 in preparing common -size statement of profit and loss.
True
False
1. It refers to monetary value of resources sacrificed or foregone to achieve a specific objective.
A. Investment
B. Financial Analysis
C. Cost
3. It refers to the opportunity cost of making a specific investment.
A. CVP Analysis
B. Capital
C. Cost of capital
4. Are cost that varies in total in relation to the volume of activity but remain constant as per unis basis within a relevant range.
A. Variable Costs
B. Fixed Costs
C. Sunk Costs
5. Are past expenses or investments that have no salvage value.
A.Out-of - pocket costs
B. Sunk costs
C. Avoidable costs
10. It is the process of evaluating businesses, projects, budgets and other finance-related transactions to determine their performance and suitability.
A. Financial Analyst
B. Finacial Analysis
C. Business Research and Development
The ethical entrepreneur looks for opportunities to engage the business as a whole and does not necessarily align them to the community and its needs.
True
False
Maybe
The ethical entrepreneur does not challenge growth and renews the commitment to ethical practices.
False
True
The ethical entrepreneur thinks and talks about the ethical values that matter at any given opportunity.
True
False
Not every situation can be anticipated, but the ethical entrepreneur must always keep a close door policy so that new and uncommon ethical issues can be worked out as they arise
True
False
The ethically made entrepreneur should be naively aware of the inevitable and unavoidable tensions in the business world, and anticipate these tensions not with fear, but with resilience, and so be able to put in place, a reasonable action plan that helps the entire team to deal with these tensions before the situations are actually encountered.
True
False
The ethical entrepreneur ought to seek out favourable opportunities to make his or her ethical commitment bona fide.
True
False
Entrepreneurs must first recognize that there are ethical dilemmas surrounding them within the culture of entrepreneurship.
True
False
