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Technopreneurship

Showing 1-75 of 108 answers

_____________ is a new breed of entrepreneurship.
  • Technoprenuership Correct
206
_______________ is an entrepreneurial venture which is typically a newly emerged business that aims to meet a marketplace need by developing a viable business model around a product, service, process or a platform
  • Start-up Correct
46
A _____________ starts out with nothing but an ‘idea’.
  • Technopreneurship Correct
185
A ‘snapshot’ of a company’s assets, liabilities and capital at a particular point in time
  • Balance sheet Correct
195
A business going into administration,meaning that a business has gone bankrupt and its creditors can get in touch to try and claim any money they are owed.
  • Administration Correct
64
A clearly defined vision __________
  • Provides direction
  • Determines decisions
  • all of the above Correct
  • Motivates people
17
A legal entity with an existence and life separate from its owners, who therefore are not personally liable for its debts
  • sole proprietorship
  • partnership
  • franchise
  • limited liability company Correct
59
1
A quote of what interest paid on savings and investments would be. It is calculated by adding each interest payment to the original deposit, then working out the next interest payment, compounding the interest.
  • Annual equivalent rate (AER) Correct
124
A retailer or service provider advertising its goods or services via a third party in return for a commission on any sales.
  • Affiliate marketing Correct
37
A technopreneur constantly learns and improves, innovates and disrupts the workings of people, organizations and ______________.
  • Nation as a whole Correct
40
A written summary of an entrepreneur's proposed business venture, its operational and financial details, its marketing opportunities and strategy, and its managers' skills and abilities
  • Business Strategy
  • Marketing Strategy
  • Business Model
  • Business Plan Correct
118
1
According to study reports of Global Entrepreneurship Monitor (GEM), entrepreneurs are most likely to launchbusinesses when they are between the ages of 35 and 44
  • True Correct
  • False
17
According to study reports of Global Entrepreneurship Monitor (GEM), that men are twice as likely to start abusiness as women
  • True Correct
  • False
17
Advantages of economic scale are not present and the capital requirements to enter are low
  • Rivalry
  • New Entrants Correct
  • Buyers
  • Suppliers
22
1
Also known as an angel investor. An individual who provides capital for a business start-up in return for a stake in the company.
  • Business angel Correct
214
Amounts of money owed by your company to external suppliers.
  • Accounts payable Correct
172
An ___________ refers to the environment in which the business operates – including competitors, consumers, resources, government regulations, political, economic, cultural and social variables, all of which have an impact on the way a product is designed and used and the business entity is run.
  • Ecosystem Correct
181
An ______________ is a person who identifies an opportunity, converts it into a product or service, estimates earnings and profit and builds a successful business with it.
  • Entrepreneurship Correct
176
An official inspection of a company’s, or individual’s, accounts.
  • Audit Correct
230
An original, functional model of a new product that entrepreneurs can put into the hands of potential customers so they can see it, test it and use it
  • trial
  • research
  • questionnaire
  • prototype Correct
22
1
Any activity which is undertaken with an intention to earn profit is called __________
  • asset
  • business Correct
  • employment
  • credit
39
1
Building a start-up company with very little money, often relying on personal savings and pushing for the lowest possible operating costs, while implementing cost-saving systems such as fast inventory turnaround.
  • Bootstrapping Correct
42
Business to business
  • B2B Correct
153
Businesses are obligated to produce an annual set of accounts.
  • Accounts Correct
181
Choose a form of organization by evaluating _____
  • The ability to raise funds
  • The ease and cost of forming the business
  • Owner's liability for firm's debts
  • all of the choices Correct
45
1
Company's general business goalsand the company's immediate objectives
  • Business and Industry Profile Correct
  • Executive Summary
  • Business Strategy
  • Marketing Strategy
18
1
Description of production process, strategic raw materials, sources, costs
  • Description of Product or Service Correct
  • Business Strategy
  • Executive Summary
  • Business and Industry Profile
21
1
Entrepreneurs are paralyzed by the prospect of failure
  • True
  • False Correct
17
Entrepreneurs tend to exhibit __________
  • A high degree of commitment
  • Tolerance for ambiguity
  • Flexibility
  • All of the above Correct
44
2
Existing or anticipated profitability of the industry
  • Marketing Strategy
  • Business and Industry Profile Correct
  • Business Strategy
  • Executive Summary
27
1
Failure is a natural part of the creative process
  • True Correct
  • False
23
For a _____________, it is not as much about the money as it is about the affirmation that the ‘idea’ is a worthy one and that it works.
  • Technopreneurship Correct
43
Formed by people with similar interests, such as customers and suppliers
  • cooperatives Correct
  • franchises
  • joint venturesCost and complexity of formation
  • stockholders
16
1
He creates a product or solution that uses the heft and capability of technology to change the way something was traditionally done.
  • Technopreneurship Correct
211
He defies existing practices and systems and thinks of doing things differently.
  • Technopreneurship Correct
39
In General Partnerships,each partner can co-own assets and share profits
  • True Correct
  • False
39
1
In General Partnerships,each partner is individually liable for all debts and contracts of the partnership
  • True Correct
  • False
27
1
In Limited Partnerships,each partner is controlled by one or more general partners who have unlimited liability
  • True Correct
  • False
34
1
In Limited Partnerships,the dormant partners' do not participate actively in the firm's operations
  • True Correct
  • False
71
1
In Limited Partnerships,the dormant partners' liability is limited to their investment
  • True Correct
  • False
24
1
It involves a coming together of people who are intelligent, driven, creative, tech-savvy and passionate and have an appetite for calculated risk
  • Technopreneurship Correct
192
It involves developing a game plan to guide a company as it strives to accomplish its mission, goals , and objectives, and to keep it on its desired course
  • competitive advantage
  • franchise
  • strategic management
  • strategic plan Correct
58
3
It is a road map of the actions an entrepreneur draws up to achieve a company's mission, goals, and objectives
  • objectives
  • purpose
  • strategy Correct
  • goals
41
1
It is a written expression of how the company will reflect an entrepreneur's values, beliefs, and vision =E2=80=93 more than just =E2=80=9Cmaking money=E2=80=9D
  • goal
  • mission Correct
  • vision
  • objectives
31
It is called this because before people ventured to Australia, swans were assumed to only be white. No one had seen a black one until then
  • Black swan Correct
199
It is the result of an entrepreneur's dream of something that does not exist yet and the ability to paint a compelling picture of that dream for everyone to see
  • vision Correct
  • goal
  • mission
  • objectives
23
1
Money owed to your company by customers.
  • Accounts receivable Correct
44
Money spent to create future benefits. Answer 2
  • Capital expenditure (CAPEX) Correct
49
Most entrepreneurs turn to family members and friends for _________
  • capital Correct
  • love
  • support
  • motivation
39
1
Negative external factors that inhibit the firm's ability to accomplish its mission, goals, and objectives
  • threats Correct
  • opportunities
  • weaknesses
  • strengths
21
1
Negative internal factors that inhibit a company's ability to accomplish its mission, goals, and objectives
  • mission
  • strengths
  • vision
  • weaknesses Correct
42
1
Number of competitors is large or few (less than 5)
  • New Entrants
  • Suppliers
  • Buyers
  • Rivalry Correct
17
One characteristic of entrepreneurs that stands out is __________
  • hospitality
  • hard work
  • originality
  • Diversity Correct
17
1
One who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growthby identifying opportunities and assembling the necessary resources to capitalize on them
  • distributor
  • business owner
  • stakeholder
  • entrepreneur Correct
42
1
Overview of industry or market segment
  • Executive Summary
  • Business and Industry Profile Correct
  • Business Strategy
  • Marketing Strategy
30
1
Positive external factors the company can exploit toaccomplish its mission, goals, and objectives
  • threats
  • opportunities Correct
  • weaknesses
  • strengths
23
1
Positive internal factors a company can draw on toaccomplish its mission, goals, and objectives
  • mission
  • weaknesses
  • strengths Correct
  • vision
36
1
Property that has value owned by a company.
  • Assets Correct
48
Proving that a profitable market exists by showing customer interest and documenting market claims
  • Business Strategy
  • Business and Industry Profile
  • Executive Summary
  • Marketing strategy Correct
25
1
Quality _____ products are not readily available=20and the prices of which are not lower
  • suppliers
  • substitute Correct
  • buyers
  • Rivalry
19
Successful entrepreneurs learn to fail intelligently
  • True Correct
  • False
17
Technopreneurship begins with the customer experience and works backward to arrive at the technology to provide that _______________.
  • Customer experience Correct
225
Technopreneurship is an expensive exercise and Technopreneurs need to work without pay until their ideas become ______________
  • Commercially viable Correct
46
The aggregation of factors that sets a company apart from its competitors and gives it a unique position in the market that is superior to its competition
  • competitive advantage Correct
  • strategic management
  • strategic plan
  • franchise
33
1
The business organization in which a franchisor supplies the product concept to the franchisee, who sells the goods or services
  • joint ventures
  • franchises Correct
  • stockholders
  • cooperatives
30
1
The buying (offer) and selling (bid) price of shares, bonds or currency
  • Bid-offer spread Correct
60
The buying (offer) and selling (bid) price of shares, bonds or currency.
  • Bid-offer spread Correct
42
The combination of 2 or more firms to form a new company, which often takes a new corporate identity
  • Merger Correct
  • cooperatives
  • joint ventures
  • Acquisition
34
1
The company's business model and basis for competitive edge
  • Business and Industry Profil
  • Marketing Strategy
  • Business Strategy
  • Executive Summary Correct
26
2
The company's target markets and the benefits its product or service will provide
  • Marketing Strategy
  • Executive Summary Correct
  • Business Strategy
  • Business and Industry Profil
41
2
The idea needs to work for the greater common good – it doesn’t need to be a ______________.
  • Global blockbuster Correct
60
The movement of cash into and out of a business
  • Cash flow Correct
137
The point in time when you will have paid back all your debts, or when revenues exactly match expenses.
  • Break-even point Correct
45
The practice of gathering, organizing, and disseminating the collective wisdom and experience of a company's employees for the purpose of strengthening its competitive position
  • strategy
  • goals
  • objectives Correct
  • purpose
135
3
The process by which a person or business takes advantage of the difference in price of a share or a currency.
  • Arbitrage Correct
66
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