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Entrepreneurship Final Quiz

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Entrepreneurship Final Quiz

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Question 1 of 10

1. Question
Select the correct answer: What is a functional requirement?
- A story about how the user will use the product
- Characteristics about the background operation of the product or service
- Characteristics that solve particular problems for users
- The amount that the product will cost
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Question 2 of 10

2. Question
Select the correct answer: How many slides does a pitch deck usually contain?
- 5-10
- 10-15
- 15-20
- 20-25
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Question 3 of 10

3. Question
Select the correct answer: A value proposition…
- Tells customers why they should buy from you
- Forecasts profits for at least three years
- Shows how poorly the competition is doing
- All of the above
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Question 4 of 10

4. Question
True or False: The income statement shows what a company owns and owes as of a specific date.
- True
- False
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Question 5 of 10

5. Question
True or False: Everything that your business produces must be patented, trademarked, or copyrighted.
- True
- False
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Question 6 of 10

6. Question
Select the correct answer: Which of the following is not one of the six P’s of marketing?
- Product
- Price
- Promotion
- Packaging
- Place
- People
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Question 7 of 10

7. Question
Select the correct answer: A pictorial mark…
- Is a simple image or symbol that represents the brand
- Takes one or more letters from the company name and turns it into art
- Makes art out of the entire company name
- Combines unique lettering and a symbol
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Question 8 of 10

8. Question
Select the correct answer: What metrics should you track for your business?
- Customer satisfaction ratings
- Website conversion rate and/or store traffic rates
- Market reach
- All of the above
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Question 9 of 10

9. Question
True or False: Family and friends are the best source of funding for your business.
- True
- False
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Question 10 of 10

10. Question
True or False: A SWOT matrix is a useful analysis tool. Its acronym stands for Strengths, Weaknesses, Opportunities, and Threats.
- True
- False
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