ENT101 Exam Study Guide
. What portion of the business model canvas would supplier's be listed under.
A) Key Resources
B) Cost Structure
C) Key Partner's
D) Key Supplier's
E) Revenue Streams - Answer-C) Key Partner's
2. Which of the following is NOT one of the Five Roots of Opportunity:
A) Problems
B) Changes
C) Technological advances
D) Inventions
,E) Niche - Answer-E) Niche
1.) Key features of a working business plan include a mission statement, management and operations,
and an exit strategy (T/F) - Answer-True
2.) The 3 types of people in business Michael Gerbebr describes are the Entrepreneur, the Manager, and
the Mechanic (T/F) - Answer-False
3.) One common exit strategy considered by small businesses is selling the business to a larger
corporation (T/F) - Answer-True
4.) A cash flow statement explicitly states anticipated income and expenses (T/F) - Answer-False
1.) In Michael Gerber's "The E-Myth" , which of the following was NOT one of the personalities
described that were clashing inside of a small business owner?
A.) The Innovator
B.)The Entrepreneur
C.) The Judge
D.) The Technician
E.) None of the above - Answer-C. The Judge
2.)Which of the following is the name of the so called "Enlightenment Period" in Michael Gerber's "The
E-Myth"?
A.) The Communist Revolution
B.) The E-Myth Revolution
C.) The Industrial Revolution
, D.) The Small Business Revolution
E.) The Turn Key Revolution - Answer-E. The Turn Key Revolution
Using an established brand to promote different kinds of products is...
a) A replication strategy
b) Marketing
c) A brand
d) Line Extension
e) Licensing - Answer-D. Line Extension
There are five roots of opportunity. Which answer is NOT one of the five opportunities.
A) Problems
B) Suggestion
C) Inventions
D) Competitive Advantages
. What portion of the business model canvas would supplier's be listed under.
A) Key Resources
B) Cost Structure
C) Key Partner's
D) Key Supplier's
E) Revenue Streams - Answer-C) Key Partner's
2. Which of the following is NOT one of the Five Roots of Opportunity:
A) Problems
B) Changes
C) Technological advances
D) Inventions
,E) Niche - Answer-E) Niche
1.) Key features of a working business plan include a mission statement, management and operations,
and an exit strategy (T/F) - Answer-True
2.) The 3 types of people in business Michael Gerbebr describes are the Entrepreneur, the Manager, and
the Mechanic (T/F) - Answer-False
3.) One common exit strategy considered by small businesses is selling the business to a larger
corporation (T/F) - Answer-True
4.) A cash flow statement explicitly states anticipated income and expenses (T/F) - Answer-False
1.) In Michael Gerber's "The E-Myth" , which of the following was NOT one of the personalities
described that were clashing inside of a small business owner?
A.) The Innovator
B.)The Entrepreneur
C.) The Judge
D.) The Technician
E.) None of the above - Answer-C. The Judge
2.)Which of the following is the name of the so called "Enlightenment Period" in Michael Gerber's "The
E-Myth"?
A.) The Communist Revolution
B.) The E-Myth Revolution
C.) The Industrial Revolution
, D.) The Small Business Revolution
E.) The Turn Key Revolution - Answer-E. The Turn Key Revolution
Using an established brand to promote different kinds of products is...
a) A replication strategy
b) Marketing
c) A brand
d) Line Extension
e) Licensing - Answer-D. Line Extension
There are five roots of opportunity. Which answer is NOT one of the five opportunities.
A) Problems
B) Suggestion
C) Inventions
D) Competitive Advantages
