Exam 2: NR222 / NR 222 (Latest Update 2025
/ 2026) Health and Wellness | Review
Questions and Answers | 100% Correct |
Grade A. Chamberlain
1. **Serial Entrepreneurs ANS** Always new ideas Seeks greater
opportunities
2. **Buying a Franchise ANS** Turnkey operation Outsider gains access to
the market
3. **Poor financial understanding ANS** Not having a grasp of development
costs, burn rate, profitability, financing cost. Having too optimistic sales
projections
4. **Stanford Design School "Five Phases" Process ANS** Empathy • Define
• Ideate • Prototype • Test
1
, 5. **Advantages of Acquiring an Ongoing Venture ANS** Less fear about
successful future operation Purchasing at a good price Reduced time and
effort
6. **Lack of objective evaluation ANS** Falling in love with an idea Not
subjecting it to scrutiny/investigation
7. **New -Old Approach ANS** Old product/service in a new market
8. **Debt Financing ANS** Advantages - No relinquishment of ownership is
required - More borrowing allows for potentially greater return on equity Low
interest rates reduce the opportunity cost of borrowing
9. **Venture Capitalists ANS** Often former or current entrepreneurs
Usually professional money managers Seeking opportunities likely to return
10 times their investment in five years. Mainly invest in high-technology
companies Usually invest in later stages
10. **Product/Market Problems ANS** Poor timing Product design problems
Inappropriate distribution strategy Unclear business definition Overreliance
on one customer
2
/ 2026) Health and Wellness | Review
Questions and Answers | 100% Correct |
Grade A. Chamberlain
1. **Serial Entrepreneurs ANS** Always new ideas Seeks greater
opportunities
2. **Buying a Franchise ANS** Turnkey operation Outsider gains access to
the market
3. **Poor financial understanding ANS** Not having a grasp of development
costs, burn rate, profitability, financing cost. Having too optimistic sales
projections
4. **Stanford Design School "Five Phases" Process ANS** Empathy • Define
• Ideate • Prototype • Test
1
, 5. **Advantages of Acquiring an Ongoing Venture ANS** Less fear about
successful future operation Purchasing at a good price Reduced time and
effort
6. **Lack of objective evaluation ANS** Falling in love with an idea Not
subjecting it to scrutiny/investigation
7. **New -Old Approach ANS** Old product/service in a new market
8. **Debt Financing ANS** Advantages - No relinquishment of ownership is
required - More borrowing allows for potentially greater return on equity Low
interest rates reduce the opportunity cost of borrowing
9. **Venture Capitalists ANS** Often former or current entrepreneurs
Usually professional money managers Seeking opportunities likely to return
10 times their investment in five years. Mainly invest in high-technology
companies Usually invest in later stages
10. **Product/Market Problems ANS** Poor timing Product design problems
Inappropriate distribution strategy Unclear business definition Overreliance
on one customer
2
