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FREE AND STUDY GAMES ABOUT ENTREP 3 EXAM
QUESTIONS
Actual Qs and Ans Expert-Verified Explanation
This Exam contains:
-Guarantee passing score -99 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation
Question 1: Least likely source of the money that gets a new venture started
Answer:
Bank Line of Credit Question 2: When Kalen's site takes an order for a Mattel toy, he transmits the order to Mattel, and the product is shipped by Mattel to the customer in a Kalen's Kidstuff box. This is called:
Answer:
Drop Shipping
Question 3: Three Reasons Start-Ups Need Funding
Answer:
1.) Cash Flow Challenges 2.) Capital Investments 3.) Lengthy Product Development Cycles Question 4: T/F Patent protection has a long history; it was mentioned in the U.S. Constitution.
Answer:
TRUE
Question 5: AdWords
Answer:
Allows advertisers to buy keywords on the Google Home Page.Triggers text-based ads to the side (and sometimes above) search results when the keyword is used.Question 6: Which type of patent would be applicable to something like Amazon.com's one-click ordering system or Priceline.com "name-your-own-price" model of purchasing travel and accommodations?
Answer:
Business method patent.Question 7: T/F It is generally believed that new ventures started by a team have an advantage over those started by an individual.
Answer:
TRUE Question 8: Assume a firm's marketing VP leaves to become the marketing VP of a rival firm, and creates a marketing plan for the new firm that is virtually identical to one he was working on at the old firm. The old firm could argue that this is a ________.
Answer:
trade secret dispute
Question 9: Most boards of directors meet ___ to ___times a year.
Answer:
3-4 Question 10: A mid-size Lexus might only cost 15% more to produce than other mid-sized cars but is priced significantly higher than other mid-sized cars. What is the pricing method used for Lexus?
Answer:
Value-based pricing.Question 11: The Eddie Bauer Ford Explorer SUV, and Crest Plus Scope Toothpaste, are
examples of which of the following:
Answer:
Cobranding
Question 12: NOT a common source of debt financing for a new venture?
Answer:
Corporate Bonds Question 13: A company that has made the decision to manufacture a product in a foreign country and establish a permanent presence
Answer:
Wholly Owned Subsidiary Question 14: A contractor from one country builds a facility in another country, trains the personnel that will operate the facility, and turns over the keys to the project when it is completed and ready to operate.
Answer:
Turnkey Project
Question 15: AdSense
Answer:
Allows advertisers to buy ads that will be shown on other Web sites instead of Google's Home Page.Google selects sites of interest to the advertiser's customers.
Question 16: Link Joint Venture
Answer:
In a link joint venture, the position of the parties is not symmetrical, and the objectives of the partners may diverge. For example, many of the joint ventures between food companies provide one partner access to distribution channels and the other partn
Question 17: Plant Patent
Answer:
20 Years; Any new varieties of plants that can be reproduced asexually Question 18: Video game manufacturer spends substantial amount to develop new game. after development, per-unit cost of duplicating and distributing the game is very low, ->profit margin increases as more and more copies are sold. This is an example of ________.
Answer:
Executing a Scalable Business Model
Question 19: T/F 2 kinds of services r part of a firm's administrative framework and are important to its growth: entrepreneurial services facilitate the profitable execution of new opportunities and management services generate new market, product, and service ideas.
Answer:
FALSE Question 20: As financing and funding are difficult for new ventures, the following are creative
ways that start-ups can use to obtain financial resources EXCEPT:
Answer:
an initial public offering.
Question 21: Scale Joint Venture
Answer:
In a scale joint venture, the partners collaborate at a single point in the value chain to gain economies of scale in production or distribution. This type of joint venture can be a good vehicle for developing new products or services.
Question 22: NOT a common source of equity funding for startups
Answer:
Banks Question 23: International expansion is a common form of growth for entrepreneurial firms because outside of the U.S. the percent of the world's population and percent of its total purchasing power are, respectively ________.
Answer:
95% and 67%
Question 24: New Venture Team
Answer:
group of founders, key employees, and advisers that move a venture from an idea to a fully functioning firm.
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