Fixed costs for a business are easy to control.

Which of the following is a true statement about an IPO?

Which of the following are considered fixed costs?

Which of the following would not be considered an accounting transaction of the business?

If you pay $4,250 toward an outstanding amount owed, the effect on the accounting equation is ________.

The accounting equation may be expressed as ________.

Which of the following are considered assets? (Select all that apply.)

Which of the following is most likely to obtain large amounts of investments by the issuance of stock?

Which of the following occurs when customers pay for items before they are launched?

Which of the following is an early prototype that provides the basic product to help customers understand what it is about?

Using ________, measurements such as testing assumptions about the business, attributes the customers like, and retention rates can be collected.

An MVP is an early stage prototype.

Which of the following groups like to try new products as soon as they come out?

Adding features such as backup cameras, auxiliary cord adaptors, and Bluetooth connectivity to vehicles is an example of which type of pivot?

A(n) ________ follows the path of lean methodology.

Which of the following is the ending of a business due to lack of goal attainment?

What percentage of businesses generally survive to the five- or ten-year mark?

Which of the following are some of the financial factors that play a large role in startup failure?

How is a lean pitch different from a regular pitch?

What is a major purpose for using the business plan externally?

What is the purpose of the customer empathy map?

Which of the following is used to help determine whether to continue with the venture?

Why will a disruptive technology fail in most instances?

When creating the competitive analysis, you should keep the focus on the entrepreneur’s ideas and desires rather than the key elements of the customers.

The quality of the labor pool refers to which part of the feasibility analysis?

Coca-Cola’s brand-line extension with Cherry Coke and Coca-Cola with Lime is an example of ________.

Which of the following improve the performance of established products through characteristics that mainstream customers adopt?

How does an entrepreneur create a unique value proposition?

Which type of canvas is most typically used by entrepreneurs?

The executive summary should include a funding request.

Why is direct labor considered a variable cost?

The target market segment is known as a(n) ________.

The business plan should begin with an executive summary.

3-D printing is an example of what type of innovation?

Which of the following is the most common business model and involves one-sided actors?

When an existing business fundamentally changes their approach to the business, it is called ________.

Which of the following is an example of a capital improvement?

Tamara started a business selling fair trade clothing. Her business has recently expanded from her small town to several larger cities in the state. Which of these statements best describes how her banking needs have evolved?

A schedule of regularly planned maintenance that includes preventive repairs increases costs over the long term. 

Employees work for leaders because they are obligated to on the basis of assigned roles.

Business accelerators allow entrepreneurs to stay for long periods of time.

A web development company has its employees do most of the work of the business. This is called self-management.

An entrepreneur needs to purchase printer paper, ink, and other office supplies. These are included in capital expenses.

Which of the following is a characteristic of linear thinking?

Which of the following best describes a role of an advisory team?

Which of the following happens when entrepreneurs compare their business with an industry average or a market segment?

An entrepreneur who just starts doing business is automatically classified as the ________ business structure.

How is a joint venture different from a legal partnership?

Which business structure operates as a separate legal entity apart from the owners?

Which of the following is also referred to as business structure from a legal perspective?

Which entity determines if an organization is not-for-profit?

Which of the following is best if you want to manage the business yourself and protect your personal assets?

Your company has 85 shareholders, and the owners account for taxes on the business income on their personal income tax returns. The owners also have the privilege of limited liability. What type of business structure best describes your company

The entity selection directly affects ________.

Capital is required at every step of a business.

You source some of your raw materials from a supplier located in the UK. Which category of risk should you be most concerned about?

The Statement of cash flows is a mandatory financial statement

Which of the following is one of the advantages to bootstrap funding?

Which of the following is considered a liability?

Which of the following could be considered collateral for a loan? (Select all that apply)

Which of the following would create a taxable income event from a bartering system?

Program revenue is generated by the nonprofit's operations

Which factor of business failure can be avoided by using the build-measure-loop?

Which step, where outcomes are thoroughly reviewed, should be done at least once a month?

With innovation accounting, entrepreneurs should look first at financial measurements

Why have tech companies primarily used the lean startup method?

Which of the following is an easy and inexpensive way to increase sales of a new product?

Iterations are changes or additions to products

Which of the following is a new addition to the market or a novel change in an existing product or service?

The business model canvas has ______ key components

With the lean model canvas, which of the following is added?

Engineers at a paper manufacturer designed a workstation so that the machine operator did not have to repeatedly reach too far while performing his work. The engineers used ___ to plan the design of the workstation

According to the text, how should you present yourself to people who might be a part of your network?

Outsourcing work to contractors is a preferred method of getting sales work completed if the organization is under financial strain

Not-for-profits are formed to___

Most publicly traded companies go public when they first begin operations

What is meant by "operates as a separate legal entity?"

Why should entrepreneurs be careful when working with others on their business venture?

An IT company and a pharmaceutical company collaborate to develop a product to better assess patient status in the emergency room. Which formation is this an example of?