EEE Actual Questions and Correct Answers

EEE Actual Questions and Correct Answers



Q1
Market analysis
Answer: definition of overall market




Q2
Bottoms up approach
Answer: How do i get my first then second and so on to build it up




Q3
Top down
Answer: Sets realistic expectations Doesnt say how you get there




Q4
Most investors look for an
Answer: exit strategy




Q5
Diwight Eisenhower
Answer: "Plans are worthless planning is everything"




Q6
Training programs
Answer: teach business ethics to help employees deal with ethical dilemmas and
improve ethical conduct




Q7
Ethical dilemma
Answer: situation involves doing something beneficial for one's self or business but
maybe an unethical conflict of values

, Q8
Founders Agreement
Answer: written dc that deals with how a company is agreed to be formed structured
and how decisions are made ownership status and responsibility of owners




Q9
Operating agreement
Answer: Details of how the company is run included everything from founders'
agreement how to buy out a founder and more




Q10
Nature of prospective business
Answer: Nature of prospective business




Q11
Identity and proposed titles of the founders
Answer: Identity and proposed titles of the founders




Q12
Partial list to include in a founder's agreement
Answer: identification of any intellectual property signed over to the business




Q13
Nondisclosure agreement (NDA)
Answer: cannot disclose company's trade secrets




Q14
Noncompete agreement
Answer: prevents an individual from competing against a former employer for a
specific period of time