____ was not alone in asserting that the United States was rapidly and by necessity
becoming an entrepreneurial economy.
a. Steve Jobs
b. b. Peter Drucker
c. Mike Boyer
d. Marc Weinstein
e. Sam Goody
____ can be defined as the activity that transforms a set of requirements into a format
that brings all the elements into an integrated whole or system.
a. Product design
b. Feasibility analysis
c. Prototyping
d. Industry analysis
e. None of these choices
Business models are doomed to failure when the underlying logic about the future is
incorrect.
a. True
b. False
The historical peak for venture capital investment occurred in the year ____.
a. 1999
b. 2000
c. 2001
d. 2002
e. 2003
Today it is much easier than it used to be for a new venture to achieve total in-house
control of its value chain.
a. True
b. False
The most significant disadvantage of the sole proprietorship form of doing business is:
a. More difficult for the owner to raise capital
b. The owner has unlimited liability
c. The survival of the business depends on the owner
d. It may require getting a DBA
e. It cannot be used for high-growth ventures
When choosing people to serve on the board of directors, consider those who have all
of the following characteristics except ____.
a. important contacts in the industry
b. a personality compatible with the rest of the board
c. exploitive behavior
d. good problem-solving skills
e. honesty and integrity to engender a sense of mutual trust
In general, high-impact entrepreneurial ventures have three primary characteristics.
They are:
a. Innovative
b. b. Free-thinking
c. Value-creating
d. Growth-oriented
e. A, C, and D only
A board member with no direct connection to the business is a/an ____.
a. inside board member
b. personal advisor
c. partner
d. outside board member
e. insurance agent
Which of the following would not be considered a startup resource?
a. Feasibility analysis
b. Founding team
c. Independent contractors
d. Equipment
e. Equity
Briefly discuss the benefits of quality programs.
Is the idea creation process is similar to the problem solving process?
What is the “build-measure-lean” concept?
List the main types of risk adjustment factors that influence the discount rate.
Briefly discuss the important factors in composing the founding team.
Briefly discuss what a utility patent protects.
Discuss the activities that are involved in the creation process.
What are the components of the business plan?