GB 370 Final Exam Questions with Detailed
Verified Answers (100% Correct Answers) /Already
Graded A+
Quiz: What general area does the practice of accounting cover?
Ans: a. All of the above.
Quiz: What is the first step in the Entrepreneurship process?
Ans: a. Identify the idea
Quiz: The ability to learn faster from customers is the essential competitive
advantage that startups must process? (T or F)
Ans: a. True
Quiz: Respondents to surveys are most likely to make accurate predictions
about the next three to six months. (T or F)
Ans: False
Quiz: ____ involves groups of individuals that share a common interest or
passion.
Ans: a. team
Quiz: The cost of market research is the only reason people do not engage in it.
Ans: a. False
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,Quiz: In which of the following types of business do the wonders pay double
tax?
Ans: a. Corporation
Quiz: You and your friend have a new business idea that you think has
potential. What section do you put stuff member responsibility in?
Ans: Operations and management plan
Quiz: Segments, channels, and relationships are canvas definitions for
customers...
Ans: a. Employee Relations
Quiz: Which of the following is NOT associated with Nichecraft?
Ans: a. Ensure you have as many products that can reach as many
people as possible.
Quiz: Targeting teenagers is a specific enough target market for your niche.
Ans: a. False
Quiz: What does B2B stand for?
Ans: business to business
Quiz: Which of the following sentences is false?
Ans: An organization should only serve one customer segment.
Quiz: Which structure of business would you choose if you wanted a simple
business with the easiest tax requirements?
© 2025 Get it right Stuvia US All rights reserved
, Ans: Sole Proprietorship
Quiz: Which of the following is not a step to take when pursuing opportunity
with regards to resources currently controlled?
Ans: Hire Employees
Quiz: ____ is perhaps the most important decision when starting a business
because of its relation to taxes, personal liability, and ability to...
Ans: Legal Structure
Quiz: In the market strategies section of a business plan, once you have
defined the market and established the sales goals, what are the three
strategies that used to be outlined to reach these goals?
Ans: Price, Distribution, Sales
Quiz: What is the fastest growing segment of small business enterprise?
Ans: Services
Quiz: What type of economy required interactions between employees and
customers?
Ans: Service based
Quiz: Which is not a step in practicing "Nichecraft"?
Ans: None of the above
Quiz: Which of the following is NOT one of the nine business model Building
Blocks explained in the Business Model Canvas reading?
© 2025 Get it right Stuvia US All rights reserved
Verified Answers (100% Correct Answers) /Already
Graded A+
Quiz: What general area does the practice of accounting cover?
Ans: a. All of the above.
Quiz: What is the first step in the Entrepreneurship process?
Ans: a. Identify the idea
Quiz: The ability to learn faster from customers is the essential competitive
advantage that startups must process? (T or F)
Ans: a. True
Quiz: Respondents to surveys are most likely to make accurate predictions
about the next three to six months. (T or F)
Ans: False
Quiz: ____ involves groups of individuals that share a common interest or
passion.
Ans: a. team
Quiz: The cost of market research is the only reason people do not engage in it.
Ans: a. False
© 2025 Get it right Stuvia US All rights reserved
,Quiz: In which of the following types of business do the wonders pay double
tax?
Ans: a. Corporation
Quiz: You and your friend have a new business idea that you think has
potential. What section do you put stuff member responsibility in?
Ans: Operations and management plan
Quiz: Segments, channels, and relationships are canvas definitions for
customers...
Ans: a. Employee Relations
Quiz: Which of the following is NOT associated with Nichecraft?
Ans: a. Ensure you have as many products that can reach as many
people as possible.
Quiz: Targeting teenagers is a specific enough target market for your niche.
Ans: a. False
Quiz: What does B2B stand for?
Ans: business to business
Quiz: Which of the following sentences is false?
Ans: An organization should only serve one customer segment.
Quiz: Which structure of business would you choose if you wanted a simple
business with the easiest tax requirements?
© 2025 Get it right Stuvia US All rights reserved
, Ans: Sole Proprietorship
Quiz: Which of the following is not a step to take when pursuing opportunity
with regards to resources currently controlled?
Ans: Hire Employees
Quiz: ____ is perhaps the most important decision when starting a business
because of its relation to taxes, personal liability, and ability to...
Ans: Legal Structure
Quiz: In the market strategies section of a business plan, once you have
defined the market and established the sales goals, what are the three
strategies that used to be outlined to reach these goals?
Ans: Price, Distribution, Sales
Quiz: What is the fastest growing segment of small business enterprise?
Ans: Services
Quiz: What type of economy required interactions between employees and
customers?
Ans: Service based
Quiz: Which is not a step in practicing "Nichecraft"?
Ans: None of the above
Quiz: Which of the following is NOT one of the nine business model Building
Blocks explained in the Business Model Canvas reading?
© 2025 Get it right Stuvia US All rights reserved
