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The principle of ____ means looking for the strengths or positive aspects of a problem
definition first.
a. Positive Reinforcement
b. Affirmative Judgment
c. Best Problem Definition
d. Attribute Identification
e. Evaluation Matrix
Common types of roadblocks to creativity are personal, relational, and environmental.
a. True
b. False
Failure at the rapid growth stage for an entrepreneur may be due to all of the following
except:
a. Uncontrolled growth
b. Lack of cash
c. Insufficient management expertise
d. Public offering of the company
e. Lack of delegation of control and accountability
A basic ownership interest in the company whereby holders share in both the successes
and the failures of the business and benefit through dividends is ____.
a. common stock
founder's stock
c. preferred stock
d. retained earnings
e. None of these choices
So that entrepreneurs do not have to incur the tremendous cost of purchasing equipment
for a manufacturing plant, they may ____.
a. acquire stakeholders
b. purchase suppliers
c. form a strategic alliance
d. downsize their operations
e. change their strategy
The market research process consists of seven steps.
a. True
b. False
Toward the end of the 1980s, researchers observed that young entrepreneurial ventures
were ____ much earlier than expected and at a much smaller size.
a. internationalizing
b. b. diversifying
c. creating jobs
d. restructuring
e. failing
The ____ method is probably the technique most commonly used to account for the
going-concern value of a business, but it has problems as well.
a. discounted cash flow
b. venture capital
c. comparables
d. multiple of earnings
e. real options
The ____ determines the present value of the projected cash flows and is, in reality, the
expected rate of return for the investor.
a. forecast period
b. discount rate
c. terminal value
d. book value
e. stable earnings history
POC tests involve field work with the customer.
a. True
b. False
VCs often want both equity and debt - equity because it gives them an ownership
interest in the business, debt because they will be repaid more quickly.
a. True
b. False
Intellectual-property rights are legal rights associated with patents, trademarks,
copyrights, and trade secrets.
a. True
b. False
Somewhere in the micro strategy process, the business is actually launched in a small,
controlled way.
a. True
b. False
The ____ has been called the Decade of Entrepreneurship.
a. 1950s
b. b. 1960s
c. 1970s
d. 1980s
e. 1990s
A highly focused executive summary and pitch presentation are best developed from a
completed business plan.
a. True
b. False
One of the biggest incentives for taking on the risk of a startup venture is the
opportunity to acquire a/an ____ stake and participate in the potential upside if the
startup is a success.
a. buy-sell
b. equity
c. investor
d. advisor
e. None of these choices
Building a POC prototype reduces the risk of failure and clarifies customer needs.
a. True
b. False
