Entrepreneurship 3310 Final Exam
Questions With All Correct Answers
Rated A+ (2025\2026) Updated.
You should always validate the Solution before wasting time/money validating the market or the
problem - Answer True
A "Good" Idea commonality is that the idea has an acceptable cost-benefit; meaning the
benefits (profit) outweigh the costs. - Answer True
Essential things to validate include (pick all that apply) - Answer Market
Solution
Problem
The "Grind" CEO on Shark Tank had what result? - Answer A deal with Mark Cuban and
Barbara Cochran
One of the best places to take notes during a Networking event (as discussed in class) is? -
Answer On the back of the business card of the people you meet
Gasoline was the derivative/ byproduct of what?? - Answer A waste product from Kerosene
Video and Music are good examples of a fragmented market? - Answer True
Match the Men Who Built America with their industries, companies or products - Answer JP
Morgan: Banking
Rockefeller: Oil
Edison: Electric
Carnegie: Steel
The 5 C's of Opportunity Identification include which of the following: (pick all that apply) -
Answer Compensating Behaviors
Context
, Opportunity identification and evaluation is the most difficult task for an investor because all
investors have different: (Pick all that apply) - Answer Risk levels
Taste
Experience
Amounts of Capital
Ideation can be used for which of the following: - Answer Come up with a new idea for a
business
An Information Technology (IT) sales representative attending an IT conference to learn about
new technologies and interact with others is an example of: - Answer Networking
Which of the following demonstrates decision making from a circumstance contingent
perspective: - Answer A pet owner looking for a solution to the dog's flea problem verse a pet
owner looking for a solution to the dog about to have puppies (in labor)
A product or service that was used in an unintended way by a customer (consumer) is an
example of: - Answer Compensating Behavior
Skills required of a "good" networker include all but which of the following: - Answer
indifference
According to the "Competency Curve" a Major League baseball player's ability to hit a ball
makes them a what: - Answer Unconscious Competent
All of the following are "good" networking questions except which of the following: - Answer
Do you like your job at the company?
Entrepreneurs often display the following cognitive bias in decision environments except one of
the following: - Answer Belief in the law of large numbers
According to one of Professor Wilbur's mentors; If it is Worth Doing it is Worth Doing
__________? (fill in the blank) - Answer Wrong
According to the class where the article "We Need to Expand Our Definition of
Questions With All Correct Answers
Rated A+ (2025\2026) Updated.
You should always validate the Solution before wasting time/money validating the market or the
problem - Answer True
A "Good" Idea commonality is that the idea has an acceptable cost-benefit; meaning the
benefits (profit) outweigh the costs. - Answer True
Essential things to validate include (pick all that apply) - Answer Market
Solution
Problem
The "Grind" CEO on Shark Tank had what result? - Answer A deal with Mark Cuban and
Barbara Cochran
One of the best places to take notes during a Networking event (as discussed in class) is? -
Answer On the back of the business card of the people you meet
Gasoline was the derivative/ byproduct of what?? - Answer A waste product from Kerosene
Video and Music are good examples of a fragmented market? - Answer True
Match the Men Who Built America with their industries, companies or products - Answer JP
Morgan: Banking
Rockefeller: Oil
Edison: Electric
Carnegie: Steel
The 5 C's of Opportunity Identification include which of the following: (pick all that apply) -
Answer Compensating Behaviors
Context
, Opportunity identification and evaluation is the most difficult task for an investor because all
investors have different: (Pick all that apply) - Answer Risk levels
Taste
Experience
Amounts of Capital
Ideation can be used for which of the following: - Answer Come up with a new idea for a
business
An Information Technology (IT) sales representative attending an IT conference to learn about
new technologies and interact with others is an example of: - Answer Networking
Which of the following demonstrates decision making from a circumstance contingent
perspective: - Answer A pet owner looking for a solution to the dog's flea problem verse a pet
owner looking for a solution to the dog about to have puppies (in labor)
A product or service that was used in an unintended way by a customer (consumer) is an
example of: - Answer Compensating Behavior
Skills required of a "good" networker include all but which of the following: - Answer
indifference
According to the "Competency Curve" a Major League baseball player's ability to hit a ball
makes them a what: - Answer Unconscious Competent
All of the following are "good" networking questions except which of the following: - Answer
Do you like your job at the company?
Entrepreneurs often display the following cognitive bias in decision environments except one of
the following: - Answer Belief in the law of large numbers
According to one of Professor Wilbur's mentors; If it is Worth Doing it is Worth Doing
__________? (fill in the blank) - Answer Wrong
According to the class where the article "We Need to Expand Our Definition of
