Regarding an MVP, it is correct to say:
a. An MVP is always the preferred way to gauge customer interest in a product.
b. An MVP is an excellent way to gauge customer interest for all types of products.
c. Sometimes, an MVP will not give you the feedback you need.
d. An MVP is most valuable if your product concept adopts incremental innovation.
e. None of these choices is correct.
The book Diffusion of Innovations identifies the group of customers who tend to
purchase a product only if they absolutely have to as the ____.
a. adopters
b. early majority
c. late majority
d. laggards
e. innovators
____ purchase a product at a discount off list, sell it and handle collections, solving the
problem of cultural differences in transactions.
a. Brokers
b. Agents
c. ETCs
d. Intermediaries
e. Freight forwarders
____ are primarily interested in the company’s margins and cash flow projections.
a. Bankers/lenders
Suppliers/creditors
c. Customers/stakeholders
d. Investors
e. Strategic partners
The entrepreneurial team owns all or the majority of the stock in a ____.
a. publicly held company
b. privately owned corporation
c. governmental operation
d. sole proprietorship
e. strategic partnership
The new environment for business planning makes the case for the importance of a
feasibility study and ____ to prove the concept and enable the founding team to launch
the venture before completing the formal business plan.
a. micro strategies
b. marketing plan
c. POC
d. executive summary
e. prototype
A form of startup capital managed by professionals is ____.
a. corporate bonds
b. private venture capital
c. retained earnings
d. common stock
e. loans
“Digital Anonymity” means.
a. Indiscriminate sharing of personal information on social networks
b. b. NSA leaks
c. Use of Snapchat servers
d. An online experience that can be deleted and secure
e. None of these choices.
Production is managing the ____ of material and information from raw materials to
finished goods.
a. financing
b. inventory
c. outsourcing
d. flow
e. None of these choices
A ____ corporation is chartered in a state other than in the one in which it will do
business.
a. closely held
b. domestic
c. foreign
d. S-
e. C-
All of the following are types of nonprofit organizations except ____.
a. religious organizations
b. novelty shops
c. schools
d. museums
e. shelters
____ are more likely to make the mistake of putting structure on the organization before
its time.
a. Personal advisors
b. Founding teams
c. Startup teams
d. High-tech teams
e. Virtual teams
Age, income level, education, and buying habits are all components of the ____.
a. competitor profile
b. customer profile
c. supplier profile
d. industry profile
e. SurveyMonkey profile
A conflict of interest occurs when a person’s private or personal interests clash with
____.
a. professional obligations
professional ethics
c. personal ethics
d. corporate vision
e. social responsibility