Ent 101 final EXAM 2 QUESTIONS AND
VERIFIED CORRECT ANSWERS
GRADED A+ [LATEST 2026-2027] 100%
GUARANTEED PASS
margin - CORRECT ANSWER-how much of the price of your product is above your cost?
EBIDTA - CORRECT ANSWER-Earnings Before Interest, Depreciation, Taxes, and Amortization
-says how good a company is doing
- states net profit
business model - CORRECT ANSWER-how a company is going to make money
- pricing structure
business plan - CORRECT ANSWER-states how the business will work
executive summary - CORRECT ANSWER-relevant hypothesis of a business
- short business plan
elevator pitch - CORRECT ANSWER-30 second explanation of a business
Deck - CORRECT ANSWER-Collection of slides in a presentation
,Droppshipping - CORRECT ANSWER-buying a product and selling it for more,
- find a niche product
disruptive - CORRECT ANSWER-an idea that changes the way things are done
scale - CORRECT ANSWER-take something and make large numbers of transactions
prototype - CORRECT ANSWER-example of product that is going to be sold
MVP- minimum viable product
intellectual property - CORRECT ANSWER-what assets are protectable
market validation - CORRECT ANSWER-is there a customer for the product?
TAM - CORRECT ANSWER-total addressable market
-how much potential market is there?
what to look for in an idea - CORRECT ANSWER-is there a pain? can I bring Joy?
Willie hogan - luma bottle - CORRECT ANSWER-self cleaning hydro flask
how to know if a business idea is good for me - CORRECT ANSWER--specific/intense interest
-uniques experience or exposure
-unique skill or insight
, partners need to be - CORRECT ANSWER-different, communicate well, fit well
best innovations come from - CORRECT ANSWER-1 guy having all the creative control
being a dictator is good when - CORRECT ANSWER-the company is early and small but not as
the company expands
manage expectations - CORRECT ANSWER-if partnerships have different expectations it can be
very costly
- can be similar to a divorce
nepotism - CORRECT ANSWER-favoritism shown to family or friends by those in power,
especially in business or hiring practices
- very common in utah business
- try to not do it
when you hire someone that you can't fire - CORRECT ANSWER-you lost control of the company
things to know about entrepreneurship and me - CORRECT ANSWER-- is it for me?
am i ok with risk?
am I a paycheck person?
there is a difference between dangerous(fact) and scary(emotion)
Silent partner - CORRECT ANSWER-spouse or someone who has no direct relationship with a
company
- they gotta be on board for an idea
- gotta stick with them
VERIFIED CORRECT ANSWERS
GRADED A+ [LATEST 2026-2027] 100%
GUARANTEED PASS
margin - CORRECT ANSWER-how much of the price of your product is above your cost?
EBIDTA - CORRECT ANSWER-Earnings Before Interest, Depreciation, Taxes, and Amortization
-says how good a company is doing
- states net profit
business model - CORRECT ANSWER-how a company is going to make money
- pricing structure
business plan - CORRECT ANSWER-states how the business will work
executive summary - CORRECT ANSWER-relevant hypothesis of a business
- short business plan
elevator pitch - CORRECT ANSWER-30 second explanation of a business
Deck - CORRECT ANSWER-Collection of slides in a presentation
,Droppshipping - CORRECT ANSWER-buying a product and selling it for more,
- find a niche product
disruptive - CORRECT ANSWER-an idea that changes the way things are done
scale - CORRECT ANSWER-take something and make large numbers of transactions
prototype - CORRECT ANSWER-example of product that is going to be sold
MVP- minimum viable product
intellectual property - CORRECT ANSWER-what assets are protectable
market validation - CORRECT ANSWER-is there a customer for the product?
TAM - CORRECT ANSWER-total addressable market
-how much potential market is there?
what to look for in an idea - CORRECT ANSWER-is there a pain? can I bring Joy?
Willie hogan - luma bottle - CORRECT ANSWER-self cleaning hydro flask
how to know if a business idea is good for me - CORRECT ANSWER--specific/intense interest
-uniques experience or exposure
-unique skill or insight
, partners need to be - CORRECT ANSWER-different, communicate well, fit well
best innovations come from - CORRECT ANSWER-1 guy having all the creative control
being a dictator is good when - CORRECT ANSWER-the company is early and small but not as
the company expands
manage expectations - CORRECT ANSWER-if partnerships have different expectations it can be
very costly
- can be similar to a divorce
nepotism - CORRECT ANSWER-favoritism shown to family or friends by those in power,
especially in business or hiring practices
- very common in utah business
- try to not do it
when you hire someone that you can't fire - CORRECT ANSWER-you lost control of the company
things to know about entrepreneurship and me - CORRECT ANSWER-- is it for me?
am i ok with risk?
am I a paycheck person?
there is a difference between dangerous(fact) and scary(emotion)
Silent partner - CORRECT ANSWER-spouse or someone who has no direct relationship with a
company
- they gotta be on board for an idea
- gotta stick with them
