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____ represent(s) how the startup uses its cash to cover its overhead before it generates
a positive cash flow from operations.
a. Monthly burn rate
b. Contribution margin
c. Financial metrics
d. Bootstrapping
e. Process map
Closing the door, shutting off the phone, and turning off email to prepare to do some
creative thinking are all examples of how you can ____.
a. effectively solve problems
b. minimize distractions
c. develop a creative culture
d. design physical settings that inspire people to be creative
e. All of these choices
The economic base of a region or community is simply the major source of income for
the area.
a. True
b. False
In a/an ____, all partners assume unlimited personal liability and responsibility for the
management of the business.
a. limited partnerships
b. general partnership
c. ostensible authority
d. sole proprietorship
e. LLC
The board is headed by the chairperson, who, in a new, private venture, is typically the
lead entrepreneur.
a. True
b. False
The primary means of protecting a written work is a:
a. trademark
b. copyright
c. trade secret
d. patent
e. None of these choices
An antidilution provision ensures that the selling of stock at a later date will increase
the economic value of the venture capitalist's investment.
a. True
b. False
The ____ lays out the amount of investment the VC firm is willing to consider and the
conditions under which it is willing to consider making that investment.
a. common stock
b. negotiation deal
c. term sheet
d. antidilution provision
e. None of these choices
Which of the following is not an independent contractor you would expect to find on an
entrepreneur's extended team?
a. Consultants
PEOs
c. Manufacturing support
d. Sales support
e. Board of advisors
When one or more people agree to assume unlimited personal liability and
responsibility for management of the business, a ____ exists.
a. secret partnership
b. general partnership
c. silent partnership
d. joint venture
e. LLC
