ENT 201 EXAM WITH 100% CORRECT
ANSWERS
The quality that enables people to work hard a sustain interest in the long term is called
- Answer- Endurance
How much return does a typical angel investor look to receive? - Answer- between 20
and 40 percent
What qualifies someone as an accredited investor - Answer- annual income of more
than $200,000 or have a net worth of more than $1 million
Advantages of convertible debt - Answer- Convertible bondholders receive only a fixed,
limited income until conversion.
Blank is a short term loan that can be turned to equity when future financing is issued -
Answer- Convertible Note
A changing direction in result to a small failure is called - Answer- Pivot
It can take up to _______ hours to write business plan - Answer- 200 hours
What is an important benefit of experimentation - Answer- learn and answer questions
related to the feasibility and viability of your venture
The phase of design thinking associated with experimentation is - Answer- Prototyping
Which is the smallest market size and number - Answer- Serviceable Available Market
(SAM)
Which of the following best describes the process of market sizing - Answer- Define
your segment of the market, Conduct a top-down analysis. Conduct a bottom-up
analysis.
In the technology adoption life cycle which two groups represents the largest part of the
customer base - Answer- Early Majority and Late Majority
The degree to which we share norms values and beliefs and other describes which of
the following dimensions of social capital - Answer- Cognitive Dimension
, Which of the following are the 3 dimension of social capital - Answer- the structural
dimension, the relational dimension, and the cognitive dimension
What % of communication is non verbal ? - Answer- 80%
Which percent of communication is communicated with words? - Answer- 20%
How much time do you have to make an impression during pitch? - Answer- 7 seconds
What is entrepreneurial marketing how is it different than regular marketing? - Answer-
a set of processes adopted by entrepreneurs based on new and unconventional
marketing practices in order to gain traction in competitive markets. Traditional
Marketing ( Big cash investments, Focus of products, Goal is to maximize profits)
Entrepreneurial Marketing (Invest time, creativity, commitment, Focus on customer, goal
is to meet customer needs)
The process of creating name, symbol, design is known as ? - Answer- Branding
what is 4 P's - Answer- Price, Place, Promotion, Product
Which has the longest durability for patent ? - Answer- Utility Patent
How many people are no longer ceo after 3 years? - Answer-
Venture capitals look for how many times their original return? - Answer- 10 X their
original investment
An entrepreneur is asking for 1 million for 30 percent what is the post money valuation
of the company? - Answer- 3.3 Million
Minority business angels account for what percentage of total angles? - Answer- Less
than 13%
In general entrepreneur may raise what amount through the 3 f's friends, family,fools -
Answer- Between $1,000 - $100,000
What is equity financing - Answer- The sale of shares of stock in exchange for cash is:
Projects with spelling mistakes are how much less likely to be successful than projects
with out - Answer- 13%
Crowdfunding model the _________ is everything - Answer- Video Pitch
What happens on Kickstarter if the funds are not reached - Answer- You get nothing
ANSWERS
The quality that enables people to work hard a sustain interest in the long term is called
- Answer- Endurance
How much return does a typical angel investor look to receive? - Answer- between 20
and 40 percent
What qualifies someone as an accredited investor - Answer- annual income of more
than $200,000 or have a net worth of more than $1 million
Advantages of convertible debt - Answer- Convertible bondholders receive only a fixed,
limited income until conversion.
Blank is a short term loan that can be turned to equity when future financing is issued -
Answer- Convertible Note
A changing direction in result to a small failure is called - Answer- Pivot
It can take up to _______ hours to write business plan - Answer- 200 hours
What is an important benefit of experimentation - Answer- learn and answer questions
related to the feasibility and viability of your venture
The phase of design thinking associated with experimentation is - Answer- Prototyping
Which is the smallest market size and number - Answer- Serviceable Available Market
(SAM)
Which of the following best describes the process of market sizing - Answer- Define
your segment of the market, Conduct a top-down analysis. Conduct a bottom-up
analysis.
In the technology adoption life cycle which two groups represents the largest part of the
customer base - Answer- Early Majority and Late Majority
The degree to which we share norms values and beliefs and other describes which of
the following dimensions of social capital - Answer- Cognitive Dimension
, Which of the following are the 3 dimension of social capital - Answer- the structural
dimension, the relational dimension, and the cognitive dimension
What % of communication is non verbal ? - Answer- 80%
Which percent of communication is communicated with words? - Answer- 20%
How much time do you have to make an impression during pitch? - Answer- 7 seconds
What is entrepreneurial marketing how is it different than regular marketing? - Answer-
a set of processes adopted by entrepreneurs based on new and unconventional
marketing practices in order to gain traction in competitive markets. Traditional
Marketing ( Big cash investments, Focus of products, Goal is to maximize profits)
Entrepreneurial Marketing (Invest time, creativity, commitment, Focus on customer, goal
is to meet customer needs)
The process of creating name, symbol, design is known as ? - Answer- Branding
what is 4 P's - Answer- Price, Place, Promotion, Product
Which has the longest durability for patent ? - Answer- Utility Patent
How many people are no longer ceo after 3 years? - Answer-
Venture capitals look for how many times their original return? - Answer- 10 X their
original investment
An entrepreneur is asking for 1 million for 30 percent what is the post money valuation
of the company? - Answer- 3.3 Million
Minority business angels account for what percentage of total angles? - Answer- Less
than 13%
In general entrepreneur may raise what amount through the 3 f's friends, family,fools -
Answer- Between $1,000 - $100,000
What is equity financing - Answer- The sale of shares of stock in exchange for cash is:
Projects with spelling mistakes are how much less likely to be successful than projects
with out - Answer- 13%
Crowdfunding model the _________ is everything - Answer- Video Pitch
What happens on Kickstarter if the funds are not reached - Answer- You get nothing
