Business Questions… HELP

QUESTION 1

  Which of the
following entrepreneurs was one of the pioneers of the biotechnology industry?

Robert
Noyce,

Tim
Nerners-Lee

George
Gendron

Robert
Swanson

QUESTION 2

  Jim Clark, an IT
entrepreneur, became the first Internet billionaire because of his investment
in what company?

Yahoo! Inc.

Netscape Communications

Google Inc.

Microsoft Corp.

QUESTION 3

  In general, the most important
source of capital for a new entrepreneurial venture is which of the following?

Informal investors

Venture Capital

Banks

Profits from the venture

QUESTION 4

  What is the most
successful US airline???

 

  United
Airlines, Delta,  Continental Southwest 

 

QUESTION 5

  The highest average
TEA rates are found in???

 

 

  Middle East &
North Africa?

 

 

  European Union?

 

 

sub-Saharan Africa and Latin America/Caribbean?

 

 

  Asia Pacific/South
Asia?

QUESTION 6

  According to your
textbook, into why type of opportunity should a business idea translate???

 

  Realistic

  Easy to
implement 

 

  Attractive 

 

  Technologically
advanced 

 

 

 

QUESTION 7

  What does moving a
seed of an idea to a more concrete possibility require???

 

  Practical
thinking

 

  Market
research

  Input from others

 

  A
business plan

 

 

QUESTION 8

  Which of the
following most typified a ?cocktail entrepreneur????

 

  Fails to take
action

 

 

  Popular

  Productive

  Decisive 

 

 

QUESTION 9

  Which of the
following is not a part of IDEO?s product design steps???

Optimize
practicality

 

   

Multiply
stimuli

Gather
stimuli

Create
stimuli

QUESTION 10

  What is the only
action that the ?gather stimuli? stage requires of the entrepreneur???

 

· 
Ask

· 
Think

· 
Do
Nothing

· 
Observe

 

 

 

 

 

 

QUESTION 11

  An important
technique in brainstorming is to say:??

 

 

  ?Yes and???

 

 

  ?Yes, but???

 

 

  ?That won?t work
because???

 

 

  ?Nice!??

QUESTION 12

  What is the name of
the process that is the equivalent of brainstorming, but with a focus on
writing rather than verbal communication???

 

 

  Paper-writing?

 

 

  Brain-writing?

 

 

  Mute-storming?

 

 

  Paper-storming?

QUESTION 13

  In which stage is it
important to play devil?s advocate???

 

 

  Optimize
practicality?

 

 

  Multiply stimuli?

 

 

  Gather stimuli?

 

 

  Create stimuli?

QUESTION 14

  On what category of
customers should a startup business focus most of its attention???

 

 

  STA?

 

 

  PTA?

 

 

  TTA?

 

 

  An even share of
STA, PTA, and TTA?

QUESTION 15

  An understanding of
your STA helps you to:??

 

 

  Train your
employees?

 

 

  Find better
management?

 

 

  Develop a
penetration strategy?

 

 

  Make better growth
decisions?

 

QUESTION 16

  When analyzing an
opportunity which trends should you focus on???

 

 

  Present Micro
trends & Current Macro trends?

 

 

  Historical micro
trends?

 

 

  None of the above?

 

 

  None of the above?

  QUESTION 17

  Which of the
following is not a venture stage specifically enumerated in the chapter???

 

 

  Investigation?

 

 

  Launch?

 

 

  Growth?

 

 

  Operations?

 

QUESTION 18

  What is the
approximate number of baby boomers in the US???

 

 

  55 ? 60 million?

 

 

  60 ? 65 million?

 

 

  70 ? 75 million?

 

 

  75 ? 80 million?

 

QUESTION 19

  According to the
textbook, people of Hispanic descent will comprise 25 % of the US population by
what year???

 

 

 

2020

2030?

 

 

  2035?

 

 

  2040?

 

QUESTION 20

  To replace $70,000 of
forgone salary and benefits, an entrepreneur will need the new venture to
generate approximately how much in annual revenue???

 

 

  $70,000?

 

 

  $200,000?

 

 

  $400,000?

 

 

  $600,000?

 

QUESTION 21

  The graphical
depiction that highlights the diffusion of product acceptance over time is:??

 

 

  S-Curve?

 

 

  C-Curve?

 

 

  U-Curve?

 

 

  V-Curve?

 

QUESTION 22

  When starting a web
business, which measure of effectiveness matters most???

 

 

  The number of
?eyeballs? looking at your site?

 

 

  Profits?

 

 

  Click thru rates?

 

 

  Overhead expenses?

 

QUESTION 23

  Generally speaking,
what is the lowest level of total revenue in which a market becomes attractive
for new entrants???

 

 

  $15 million?

 

 

  $20 million?

 

 

  $25 million?

 

 

  $30 million?

 

QUESTION 24

  What is an example of
a relatively inelastic product???

 

 

  Burgers?

 

 

  Train tickets?

 

 

  Gasoline?

 

 

  DVD Discs?

QUESTION 25

  What is the
short-sighted thinking behind the penetration-pricing strategy???

 

 

  Pricing below
competitors will lead to higher market share?

 

 

  Gross margins
should be very high for a new product?

 

 

  Loyal customers
demand the lowest price?

 

 

  The simplest method
of selective prices saves time?

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