Business Questions... HELP

Nov 18th, 2014
DotaCN
Category:
Business & Finance
Price: $15 USD

Question description

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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