ENT 101 Final REVIEW EXAM
2QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ [LATEST 2026-
2027] 100% GUARANTEED PASS
Intellectual Property (IP) - What legal entity doesn't provide a barrier of protection against a
lawsuit? - CORRECT ANSWER-Sole Proprietorship
IP Includes - CORRECT ANSWER-• Patents
• Copyrights
• Trademarks
Invention - CORRECT ANSWER-The Discovery of a new technology, product, or service
Innovation - CORRECT ANSWER-The Combination of an invention (new or old) with insight
about a market need
The Confirmation Trap - CORRECT ANSWER-The tendency to see what we already believe and
discard evident to the contrary
Feature Creep Syndrome - CORRECT ANSWER-When entrepreneurs try to add another feature
in the hopes that the one missing feature will open
the magical door to more sales
, Fundamental Attribution Error - CORRECT ANSWER-People often attribute far more success and
far more failure to the individual than the individual
actually deserves
Prototype Test - CORRECT ANSWER-Transform virtual prototype into an inexpensive physical
prototype
Purpose of Virtual Prototype Test - CORRECT ANSWER-Deeper Validation, Initial Validation of
solution, Insights and surprises about actual solution
The Motivation Trap - CORRECT ANSWER-The alternative reality problem
Minimum Feature Set - CORRECT ANSWER-The smallest, most focused set of features that will
drive a customer purchase
Growing Markets - CORRECT ANSWER-Easier to compete and succeed in growing markets
Passive Income - CORRECT ANSWER-Income derived from rental property
Big Ideas - CORRECT ANSWER-Entrepreneurs Ideas fall into 2 categories: 1. Breakthrough Ideas
2. Better, Faster, Cheaper
Elevator Pitch - CORRECT ANSWER-Explaining your idea in 30 seconds
Hassle Test - CORRECT ANSWER-Helps you realize if you have nailed the pain
Fundamental Risks while Innovating - CORRECT ANSWER-Technology Risk, Market Risk
2QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ [LATEST 2026-
2027] 100% GUARANTEED PASS
Intellectual Property (IP) - What legal entity doesn't provide a barrier of protection against a
lawsuit? - CORRECT ANSWER-Sole Proprietorship
IP Includes - CORRECT ANSWER-• Patents
• Copyrights
• Trademarks
Invention - CORRECT ANSWER-The Discovery of a new technology, product, or service
Innovation - CORRECT ANSWER-The Combination of an invention (new or old) with insight
about a market need
The Confirmation Trap - CORRECT ANSWER-The tendency to see what we already believe and
discard evident to the contrary
Feature Creep Syndrome - CORRECT ANSWER-When entrepreneurs try to add another feature
in the hopes that the one missing feature will open
the magical door to more sales
, Fundamental Attribution Error - CORRECT ANSWER-People often attribute far more success and
far more failure to the individual than the individual
actually deserves
Prototype Test - CORRECT ANSWER-Transform virtual prototype into an inexpensive physical
prototype
Purpose of Virtual Prototype Test - CORRECT ANSWER-Deeper Validation, Initial Validation of
solution, Insights and surprises about actual solution
The Motivation Trap - CORRECT ANSWER-The alternative reality problem
Minimum Feature Set - CORRECT ANSWER-The smallest, most focused set of features that will
drive a customer purchase
Growing Markets - CORRECT ANSWER-Easier to compete and succeed in growing markets
Passive Income - CORRECT ANSWER-Income derived from rental property
Big Ideas - CORRECT ANSWER-Entrepreneurs Ideas fall into 2 categories: 1. Breakthrough Ideas
2. Better, Faster, Cheaper
Elevator Pitch - CORRECT ANSWER-Explaining your idea in 30 seconds
Hassle Test - CORRECT ANSWER-Helps you realize if you have nailed the pain
Fundamental Risks while Innovating - CORRECT ANSWER-Technology Risk, Market Risk
