All Pop Quizzes Ent 2113

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In a typical Venture Capital Fund structure, the Managment Fee is typically described as "2 and ___."

20

"Family Buisness" is synonymous with "Family Office."

False

The Lean LaunchPad Business Model Canvas is a guaranteed methodology for entrepreneurial success.

False

The Value Proposition in the Business Model Canvas consists of these two elements:

Pain and Solution Statement

Profits =

Revenues minus Expenses

We can learn a great deal by reading about those that have come before us...both positive AND negative.

True

The Four Areas of Focus on the Business Model Canvas for this course are:

Value Proposition, Customer Segments, Channels & Customer Relationships

In this course, we have focused upon the "upper right quadrant" of the Business Model Canvas. The four sections in this quadrant are __________________________________________.

Value Proposition, Customer Segments, Channels, and Customer Relationships

During the semester, we have regularly discussed the DJIA. The "DJIA" stands for the Dow Jones Institutional Average.

false

According to lectures, other sources of capital for the entrepreneur include:

friends and family, angels, self-funding

Customer Relationships as described by the Lean LaunchPad Business Model Canvas methodology can be remembered by the words ________, _________, and _________.

get, keep, grow

The Lean LaunchPad/Business Model Canvas Customer Relationships is best described by "Get, Keep, and ______" your customers.

grow

According to the Lean LaunchPad/Business Model Canvas methodology, the Customer Relationships section can best be described as Get, ________, and Grow your customers.

keep

The Value Proposition consists of the _______ Statements.

pain and solution

Failure in entrepreneurship is always seen as a negative.

false

It is quite easy for new ventures to secure debt financing. Therefore, many early stage companies use debt as their primary financing mechanism.

false

Most Venture Capital funds are structured as a Limited Partnership with a 20 year life.

false

Professor Bolen has regularly stated that entrepreneurship is an "easier" path than traditional employment.

false

According to the Lean LaunchPad/Business Model Canvas methodology, the Value Proposition by an entrepreneurial venture includes the Pain Statement and the _________ Statement.

solution

According to lectures, Venture Capital is simply one of several locations for an entrepreneur to seek capital.

true

Crowdfunding has now become, in a limited way, a mechanism for an entrepreneur to raise capital for their entity...not simply their project.

true

Entity Selection will impact the choices for financing that the entrepreneur can pursue.

true

Failure is whatever the entrepreneur believes is failure.

true

The Lean LaunchPad Business Model Canvas is Professor Bolen's preferred tool for entrepreneurs.

true

The Business Model Canvas provides the only framework from which an entrepreneur can structure a launch.

false

The Initial Public Offering or "IPO" of a corporation is a fairly straightforward mechanism requiring little outside assistance for the entrepreneur.

false

The Lean LaunchPad/Business Model Canvas methodology guaranties success for any entrepreneur that deploys it.

false

The Sole Proprietorship is the most complicated of business entities.

false

The legal entity that provides the greatest ease in raising third party capital is the Sole Proprietorship.

false

Under the Lean LaunchPad Business Model Canvas methodology, the three words that best describe Customer Relationships are: Get, Keep & Extend.

false

Utilizing the Value Proposition limits the entrepreneur in her ability to craft solutions.

false

The Income Statement is one of the Financial Statements that also include...

Balance Sheet and Cashflow Statement

The Guest Lecturer on Social Entrepreneurship was _____________.

Dr. Stella Seyb

All entrepreneurial ventures are high tech/high growth.

False

Brand/Status does not contribute value as defined by the Buisness Model Canvas.

False

According to Dr. Tom Lumpkin, "Being Entrepreneurial" includes _______

Innovativeness, Proactiveness, Autonomy, Risk Taking, and Competitive

Among the business entities discussed in this course, the one that offers the most flexibility for the entrepreneur is the ________________.

Limited Partnership

Entrepreneurship involves the intersection of at least two separate disciplines.

True

The Business Plan, the Venture Concept Statement and the Buisness Model Canvas are the three tools for entrepreneurs discussed in this course.

true

The two issues that are of most importance when choosing a business entity are liability and taxation.

true

Entrepreneurship is a guaranteed path to economic success.

False

The Income Statement includes the each of the following:

Revenues, Expenses & Profits

The US regulatory body that oversees the sale of a corporation's shares is the _______________.

SEC


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