ENT 101- EXAM 1 QUESTIONS AND
VERIFIED CORRECT ANSWERS
GRADED A+ [LATEST 2026-2027] 100%
GUARANTEED PASS
Capital - CORRECT ANSWER-money or property owned or used in business
Voluntary exchange - CORRECT ANSWER-a transaction between two parties who agree to trade
money for a product or service
Opportunity cost - CORRECT ANSWER-the value of what must be given up in order to obtain
something else
diversification - CORRECT ANSWER-the addition of product or service offerings beyond a
business's core product or service
Exit strategies - CORRECT ANSWER-Acquisition, Earn-out, Debt/equity exchange, merge
Licensing - CORRECT ANSWER-renting your brand to increase sales
, replication strategy - CORRECT ANSWER-a way for a business to obtain money by letting others
copy its success formula for free
Harvesting - CORRECT ANSWER-the act of selling, taking public, or merging a company to yield
proceeds for the owners
Fair Market Value - CORRECT ANSWER-The price at which a property or business is valued by
the marketplace; the price it would fetch on the open market
Book Value - CORRECT ANSWER-the valuation of a company as assets minus liabilities
Harvesting options for exiting a business fall into five categories - CORRECT ANSWER-1. Increase
the free cash flow
2. Management buyout
3. Employee stock ownership plan
4. Merging or being acquired
5. Initial Public Offering
Nascent - CORRECT ANSWER-thinking about going into a business
Novice - CORRECT ANSWER-First experience
Experienced or Habitual - CORRECT ANSWER-- Serial: One business at a time
- Portfolio: Lots of businesses at one time
Trinity of Management - CORRECT ANSWER-Product, Marketing, Finance
VERIFIED CORRECT ANSWERS
GRADED A+ [LATEST 2026-2027] 100%
GUARANTEED PASS
Capital - CORRECT ANSWER-money or property owned or used in business
Voluntary exchange - CORRECT ANSWER-a transaction between two parties who agree to trade
money for a product or service
Opportunity cost - CORRECT ANSWER-the value of what must be given up in order to obtain
something else
diversification - CORRECT ANSWER-the addition of product or service offerings beyond a
business's core product or service
Exit strategies - CORRECT ANSWER-Acquisition, Earn-out, Debt/equity exchange, merge
Licensing - CORRECT ANSWER-renting your brand to increase sales
, replication strategy - CORRECT ANSWER-a way for a business to obtain money by letting others
copy its success formula for free
Harvesting - CORRECT ANSWER-the act of selling, taking public, or merging a company to yield
proceeds for the owners
Fair Market Value - CORRECT ANSWER-The price at which a property or business is valued by
the marketplace; the price it would fetch on the open market
Book Value - CORRECT ANSWER-the valuation of a company as assets minus liabilities
Harvesting options for exiting a business fall into five categories - CORRECT ANSWER-1. Increase
the free cash flow
2. Management buyout
3. Employee stock ownership plan
4. Merging or being acquired
5. Initial Public Offering
Nascent - CORRECT ANSWER-thinking about going into a business
Novice - CORRECT ANSWER-First experience
Experienced or Habitual - CORRECT ANSWER-- Serial: One business at a time
- Portfolio: Lots of businesses at one time
Trinity of Management - CORRECT ANSWER-Product, Marketing, Finance
