A startup business is looking for ways to get funded. Which type of funding funds a business through private investments during a set period of time?

Which two are benefits of using Angel investors to help start a business? (Choose two)

An operating budget is a projection of

__________ and expenses for a specified period such as a quarter or a year.

When must real estate loans through the Small Business Administration (SBA) be paid back?

One should separate_______________ costs from

one-time costs when starting a new business.

When must equipment and inventory loans through the Small Business Administration

(SBA) be paid back?

Which are eligibility requirements for a Small Business Administration (SBA) grant? Choose three answers.

Which two documents summarize the business plan of a company? (Choose two)

A lean canvas should only be ____________ page

long, discussing key information, without all the details one would see in a business plan.

Assumptions are challenged and ideas are created in the Ideate phase

An MVP is the most valuable

person on a project

The Empathize phase tests solutions to users' problems

In the Evolve process, the goal is to take the test results and work toward building an actual project

An executive summary should briefly explain everything in a business plan in ____________ pages.

Factors that aid in determining whether or not a business opportunity is viable include market size, _____________ manage of cash flow,

management skillsets, and passion.

When considering the reliability of the management for a business opportunity, what else should one consider at this time?

Which are two characteristics of direct distribution that differ from fulfillment centers?

(Choose two)

Which are two characteristics of fulfillment centers that differ from direct distribution?

(Choose two)

What are the two main types of distribution channels?

What do fulfillment centers do?

Which of these are characteristics of a successful entrepreneur mindset? (Choose two)

You are weighing possible risk in becoming an entrepreneur. Which situation is a risk of being an entrepreneur?

What is a primary benefit of starting a new business without purchasing a franchise or buying an existing business?

A rancher is preparing to retire. He is considering selling half of his land and giving the other half to his children. He hears that development for a ski resort was just approved on land adjacent to his property.

Which viable business opportunity does the retiring rancher foresee?

Which three components are characteristic of a Pitch Deck? (Choose three)

A Copyright is used to protect a company logo

A Patent is used to protect an original work, like music

You downloaded several of your favorite songs and used them in an ad to promote your product on social media sites. The ad was rejected because of the songs you chose. You are told that you violated Fair Use copyright.

Which three are factors used to evaluate Fair Use copyright? (Choose three)

Opportunities identified in a

SWOT

Analysis are not meant to be actionable

Strengths

identified in a

SWOT

Analysis are new actions a business should implement

In the context of interpreting market research, which of the following is an example of Primary Data?

• A local Taco Bell franchise

• A local Burger King franchise

• Walk-up Mexican Food stand

• Mobile Fish and Chips Truck

Which three marketing platforms are online marketing platforms? (Choose three)

You have opened a for-profit adult, brick-and-mortar technical school and you want to advertise it to potential students throughout your state.

Which marketing method would be most appropriate?

The owner of an organic pet food store would like to analyze the sales data to determine if the business is growing, declining or remaining flat.

The owner has the following data:

• Sales Revenue Last Year = $350,000

• Sales Revenue Current Year = $402,500

What is the sales growth percentage?

A local restaurant prides itself in having a high number of return customers. To build loyalty, the owner of the restaurant offers a free Prime Rib dinner (value $20) to any customer who purchases a meal during 10 previous visits.

Meals purchased are tracked by stamps on a

Loyalty Card.

At the end of a month, the owner decides to calculate the customer retention cost. The data is the following:

• Number of Customers at Start of Month = 100

• Number of Customers at End of Month = 120

• Number of New Customers = 40

• Value of Free Dinners Redeemed = $240

What was the Customer Retention Cost?

A company releasing new software is constructing its marketing mix. Which of these elements comprise the marketing mix? (Choose four)

Threats

identified in a

SWOT

Analysis are the most difficult element to mitigate

Strengths

identified in a

SWOT

Analysis are new actions a business should implement

Which is the primary characteristic of all physical and digital sales channels?

Which two types of Sales Channels sell primarily to other businesses? (Choose two)

Which tool is most useful in helping Customer Service support sales strategies?

Which of these are characteristics of a successful entrepreneur mindset? (Choose two)

You are weighing possible risk in becoming an entrepreneur. Which situation is a risk of being an entrepreneur?

What is a primary benefit of starting a new business without purchasing a franchise or buying an existing business?

A bakery has developed a new artisan bread.

The staff are giving away taste samples to customers as they enter the store.

What are two criteria the bakery can use to determine the quality of their new product?

(Choose two)

You have an idea for a new service. Market research suggests the service is needed to solve a problem and will be enthusiastically embraced by customers.

What is one of the first steps you must do before offering a new service?

You run a small lawncare service and are deciding whether to build your own website or have a website design company build the site.

What type of analysis is needed to make the best decision possible?

A new product tester at a company reads that all testing must be done in adherence with OSHA regulations? Which two aspects of business operations fall under OSHA? (Choose two)

Which are two characteristics of fulfillment centers that differ from direct distribution?

(Choose two)

A barber charges $20.00 per haircut. The total cost for running his home-based business is $4,000.00 per month, which includes his salary of $3,000 per month. The minimum number of haircuts he must do to cover all of these expenses and his salary is 200 per month.

The barber wants to increase his salary to $4,000 per month, making his total monthly expenses $5,000. What is the minimum price he must charge for each of the 200 haircuts so he can cover this increased salary?

Which expense is a variable cost?

You have a handyman services business. You have the following financial information for the month:

• Initial cash balance: $1,500

• Projected revenue based on existing clients:

$2,500

• Gas: $100

• Equipment maintenance fees: $300

• Truck payment: $400

• Payroll: $3,000

• Insurance: $120

What is your projected ending cash balance for the month?

Which two are benefits of using Angel investors to help start a business? (Choose two)

Trade Secrets are confidential information which may be sold or

licensed

A Trademark protects a brand name

Change part of a business model.

Make attempts to scale a

business.

Turn a

business over to a family member.

A DI wants to analyze market reactions to the new music selections played at his dance last weekend. he advertises his weekly dances using social media and email. Which would be the most effective way to gather reactions from those who attended the dance?

which element of a marketing plan provides a synopsis of details to be outlined later in the plan

which two ways can Customer Service and support affect sales (choose two)

A toy company wants to create a product/market ht hypothesis for a new toy. Which element of the hypothesis for a new toy. Which element of the hypothesis involves writing a statement explaining what the new toy does and how it is different from the competition?

what is an effective way to measure your teaching performance during an online course?

what is one of the first steps you must do before creating a product prototype?

You create a new type of electric shaver that is lightweight, portable, and holds a longer charge.

You want to use value engineering to improve the shaver. Which action is an example of value engineering?

Which are two characteristics of direct distribution that differ from fulfiliment centers? (Choose two)

A nail salon pays $2500 in rent per month and each nail technicians get paid $20 per client visit. Supplies cost $500 per month. At 150 client visits per month, how much does the salon have to mark up each visit, percentage-wise, for to break even at the of the month.

You are examining the year-end balance sheet for your business.

According to the information in the Balance Sheet, what is your equity in the business?

Balance Sheet for year ending December 31

Assets

Cash: $10.000

Inventory. $2.000

Equipment: $5.000

Total Assets: $17,000

Liabilities

Credit card balance: $2.500

Long-term debt: SO

Unearned revenues: $3,500

Total Liabilities: $6.000

You operate a small insurance office with a partner.

Which expense is a fixed cost?

You recently started a small affiliate marketing service. Last month, you spent $1.000 on a Pay-Per-Click (PPG) online advertising carpaign that resulted in 51,200 n sales

What was last month's Return on Investment (ROl) for your affiliate marketing service?

Which two costs should be included when calculating start-up costs for a business? (Choose two)

A startup business is looking for ways to get funded. Which type of funding funds a business through private investments during a set period of time?

You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not Which legal structure should you set up for your business?

select all that apply of the business life cycle in the correct order

select all that apply of the design thinking process to its corresponding description

successful entrepreneurs have mindsets that typically possess which three characteristics? (choose 3)

Which is one of the greatest benefits of being an entrepreneur?

which three characteristics help identify a business opportunity ( choose three )

The owner of a landscaping business has noticed that none of his competitors are including ponds or other water features in the gardens they create. The landscaper wants to determine the viability of this business opportunity.

What should this entrepreneur do FIRST betore offenng to design and build water features as part of his landscaping business?

Which three elements are required to have a Trade Secret? (Choose three)

A cooking company wants to identify a target market for a new, Al-enabled toaster oven. Which types of behaviors are analyzed when defining a target market? (Choose two)