Select True or False: A viable business opportunity must have investors.

Select True or False: A viable business opportunity must have the potential to be profitable.

Select True or False: A business must make a profit its first year to be considered viable.

A business uses the cost-plus pricing method. The cost of goods sold (COGS) for a product is $5.00 and the markup is 40%. What is the selling price of the product?

Which three attributes are risks of being an entrepreneur? (Choose 3)

For each statement about value engineering, select True or False: Value engineering changes the purpose of the product.

For each statement about value engineering, select True or False: Value engineering adds features and functions to a product.

For each statement about value engineering, select True or False: Value engineering encourages use of materials that save money.

Which lean canvas component describes how a business idea solves customers’ problems in a better way than existing solutions?

What are the three benefits of using a partner distribution channel? (Choose 3)

You own a hot dog cart downtown. You sell each hotdog for $$2.50. You need to determine your monthly break-even point. Monthly expenses:$$ 600.00; Cost to produce each hot dog: $1. What is the break-even quantity?

In addition to pricing, which three elements comprise your marketing mix? (Choose 3)

Which two components are part of customer acquisition costs? (Choose 2)

Which two options are forms of employee compensation? (Choose 2)

For each statement about the design thinking process, select True or False: Ideation is the first step in the design thinking process.

For each statement about the design thinking process, select True or False: Customer empathy is understanding your customers’ problems.

For each statement about the design thinking process, select True or False: Defining is determining the solution to your customers’ problems.

For each statement about the design thinking process, select True or False: Prototyping is the process of creating a simplified version of your product.

You need money for a start-up company. You have a few potential ideas for your business. You are seeking mentorship and are willing to give up equity in your company. Which type of funding should you seek?

Select True or False: A sales presentation aims to obtain a sale.

Select True or False: Prospecting is following up with customers.

Select True or False: Overcoming customer objections occurs before the sales presentation.

Which two actions should you complete when conducting a competitive analysis? (Choose 2)

Which two elements are part of a marketing plan? (Choose 2)

What is the purpose of the executive summary in a business plan?

Which three products would be developed by digital production rather than physical production? (Choose 3)

You want to open a print shop that sells t-shirts and other products. Which two factors should you consider in deciding if your idea is a good business opportunity? (Choose 2)

You decide to open a coffee shop. You need to determine your monthly fixed cost and variable cost. Which two costs are fixed? (Choose 2)

Which type of sales channel sells products in bulk to various outlets for resale?

You manufacture race cars. How should you determine performance criteria for your product?

For each statement about a company's operating budget, select True or False: Managers classify operating expenses as either fixed or variable.

For each statement about a company's operating budget, select True or False: If a company has higher operating expenses compared to its competitors, that indicates they are more efficient at generating sales.

What are the qualities of an entrepreneurial mindset?

Before committing funds to start-up, a venture capital firm conducts a rigorous evaluation of the company's financial situation and business operations. What is the name of this process?

Which two types of information does an income statement provide? (Choose 2)

Which three elements are part of the product/market fit hypothesis? (Choose 3)

An investor bought $$10,000 worth of shares. One year later, the investor sold the shares for$$ 2,500. The investor earned an additional $500 in dividends over the one-year holding period. What is the investor's return on investment (ROI)?

For each statement about licensing materials, select True or False: Patent licensing is used for a new product or invention.

For each statement about licensing materials, select True or False: Trade secret licensing must be registered with the government.

For each statement about licensing materials, select True or False: Trademark licensing is used for brand names, logos, or slogans.

For each statement about licensing materials, select True or False: Copyright licensing is required for material in the public domain.

Which two answer options about customer retention spending are true? (Choose 2)

You have a cleaning company, you raised $$10,000 from investors to get started. After three months, you have$$ 7,450. What is your burn rate and current runway?

For each statement about business legal structures, select True or False: A non-profit organization is taxed.

For each statement about business legal structures, select True or False: A sole proprietorship protects the owner from personal liability.

For each statement about business legal structures, select True or False: An S corporation is suitable for international companies with at least 200 shareholders.

A small business builds an e-commerce platform to sell products to customers. What type of sales channel is this?

Which two actions help start-up companies achieve product/market fit? (Choose 2)

For third party sellers, what are two marketing benefits of selling products on a marketplace? (Choose 2)

You own a business that manufactures sandals. For each sandal, you determine the following: Labor $$20; Materials$$ 30; Desired markup 25%. What should your selling price be?

You need to present a summary of your income statement to potential investors. According to the information in the Income Statement shown, what is your operating income?

Select True or False: One objective of entrepreneurship is to make a profit.

Select True or False: Taking on business debt is a requirement for entrepreneurship.

Select True or False: An entrepreneur is a person who assumes the responsibilities and risks of starting a business.

You own a business that manufactures pool chairs. For each pool chair, you determine the following: Labor $$40; Materials$$ 100; Desired markup 40%. What should your selling price be?

Select the appropriate column for each statement: SEO Marketing — Customer retention cost or customer acquisition cost?

Select the appropriate column for each statement: Affiliate programs — Customer retention cost or customer acquisition cost?

Select the appropriate column for each statement: Training programs — Customer retention cost or customer acquisition cost?

For each statement about pursuing a personal business opportunity versus a franchise opportunity, select True or False: For a franchise opportunity, you will receive ongoing support from larger companies.

Value engineering encourages use of materials that save money. Select True or False.

You own an ecommerce website where customers can purchase the jewelry that you make. Which type of sales channel are you using?

What is a risk of being an entrepreneur?

Patent licensing is used for a new product or invention. Select True or False.

Trade secret licensing must be registered with the government. Select True or False.

Which two marketing platforms are examples of owned media? (Choose 2)

Which two criteria are required for obtaining venture capital funding? (Choose 2)

Which two actions should you complete when conducting a competitive analysis? (Choose 2)

You have a small business. Your first year financials are as follows: Start up costs 60{,}800 $$; Gross Sales$$ \ $$65{,}800$$ ; Total Expenses 28{,}500 $$; Income Taxes$$ \ $$6{,}370$$ . What is the return on investment (ROI) for your business?

Which two items are examples of fixed cost for a business? (Choose 2)

Your company has decided to invest in a new technology because sales have begun to slow down. In which stage of the business cycle is your company?

Your company receives notice that the rent will increase next year. Which budget would include the increase?

Which type of Entrepreneurship specifically focuses on solving problems in communities?

Which two actions help startup companies achieve product Market fit? (Choose 2)

It is important for both digital and physical products to have equality Control process. Select True or False.

Government regulation should be considered when determining quality control standards. Select True or False.

The Quality Control process ensures that customers receive a consistent product or service. Select True or False.

Which expenses are considered startup costs?

Which two sources are examples of secondary market research? (Choose 2)

Fixed costs ____ on the monthly changes in business revenue.

Variable costs ____ on the changes in the amount of goods and services produced or sold.

Select True or False: To be an effective minimum variable product users must be able to complete the court tasks about the product.

Select True or False: Feedback from users of a minimum variable product can be include additional features and improvements.

Select True or False: When creating a minimum viable product it is necessary to consider the key metrics and indicators that will be used to measure success.

What are the characteristics of an entrepreneurial mindset?

Which two elements are part of a lean business model canvas (choose 2).

Select True or False: A viable business opportunity must have investors.

Select True or False: A viable business opportunity must have the potential to be profitable.

Select True or False: A business must make a profit it's first year to be considered viable.

You are trying to minimize startup cost for your company; which option would be the most inexpensive marketing method?

Which answer options are supply chain members? (choose 3)

Which two actions are important ways to determine the viability of a business opportunity (choose 2).

You have purchased new sales offer for your company; your employees can call the software company if they have a question about it. Which type of service is this?

Which key sections are found in a cash flow statement? (choose all that apply)

What is the risk of being an entrepreneur?

Your company is an e-commerce company selling dog food and toys using a direct to Consumer fulfillment model; which two tasks should your company handle internally as part of the distribution module? (choose 2)

Who is responsible for the initial creation of a startup company's Vision Direction and purpose?

Your company wants to sell shirts with the local college logo; what type of agreement would you allow your company to sell them?

You making self designer necklaces; the financial information for one necklace is that follows. Sales price for each necklace $$$$ 180 $$. Cost to produce one necklace$$ $$134.50$$ . What is the return on investment for one necklace Roi.

Which situation would need a business to update security procedures?

Which part of a business plan explains the logistics of your business?