study guide-final exam-revised-1.doc

8/9/2019 study guide-final exam-revised-1.doc

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ENTR 206 Principles of EntrepreneurshipSecond Semester October 18, 2012- ebru!r" 22, 201#Stud" $uide ch!pters 10-1%

&h!pter 1%1' (ppro)im!tel" ho* m!n" people *ere honored !s (sho+! ello*s bet*een 181 !nd 200

(. (round 10,000/. Oer 1,000&. Ne!rl" #,000

. One u!rter of one percent of the *orld3s popul!tionE. (bout #0 per "e!r4(ns*er 5 /'

2' ho *!s the ori7in!l founder of (sho+!(. oh!nd!s $!ndhi/. ilt &h!mberl!in&. 9l!us Sch*!b. /ill r!"tonE. other Theres!

4(ns*er 5 '

#' hich of the follo*in7 feder!ll" t!)-e)empt or7!ni:!tions !re not reuired to ;le !n


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/. Receiin7 fundin7 from ! found!tion.&. Reco7ni:in7 !n opportunit"..


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&. Stoc+ options. ( m!r+et-leel bene;ts p!c+!7eE. ( seer!nce p!c+!7e.

4(ns*er 5 &'

1%' h!t is usu!ll" the e!siest step in soci!l entrepreneurship(. indin7 p!rtners/. ecidin7 the best form of or7!ni:!tion

&. &losin7 do*n the enterprise.


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21' h" did Rottenber7 reGect the best !dice of her chief ;n!nci!l oLcer(. None of the su77estions inspired trust./. None of the su77estions ensured the needed income.&. (ll of the ide!s reuired !ctin7 li+e ! for-pro;t comp!n".. The &O h!d ! poor b!c+7round for soci!l entrepreneurship.E. None of the su77estions ensured ;n!nci!l sust!in!bilit".

4(ns*er 5 ('

22' @o* did uh!mm!d Dunus ;rst st!rt the $r!meen /!n+(. (s ! found!tion-funded st!rtup./. (s ! rese!rch stud".&. (s !n !ltern!tie to his d!" Gob !s professor.. (s !n (sho+! ello*.E. (s ! 7oernment-funded st!rtup.

4(ns*er 5 /'

2#' hich of the follo*in7 entures th!t cre!te some soci!l !lue h!s the 7re!test reenues(. /en !nd Ferr"3s/. Ende!or&. Oce!n Spr!"

. The /od" ShopE. ondr!7Mn

4(ns*er 5 E'

2>' here !re "ou le!st li+el" to ;nd opportunities for soci!l entrepreneurship(. illennium eelopment $o!ls/. (sho+!&. St!nd!rd Poors. The orld /!n+E. Cnited N!tions speci!li:ed !7encies

4(ns*er 5 &'

2%' h!t str!te7" is most li+el" to le!d to 7ro*th for ! nonpro;t or7!ni:!tion(. ocusin7 on ! sin7le source of fundin7/. /uildin7 funds from ! combin!tion of pri!te support !nd found!tions&. iersi;c!tion of fundin7 sources. $oin7 to sc!le b" 7oin7 intern!tion!lE. &ombinin7 found!tion !nd 7oernment fundin7

4(ns*er 5 ('

&h!pter 1>1. h!t does entrepreneurship be7in *ith(' =e!dership.

/' ( lo!n.&' enture c!pit!l.' Opportunit".E' ( m!n!7ement te!m.4(ns*er 5 '

2. h!t is the le!st li+el" to le!d to ! f!ilure in 7ro*th m!n!7ement(' @!in7 limited time !nd resources to spend on or7!ni:!tion buildin7/' Spendin7 too much time on d!"-to-d!" oper!tions&' &h!sin7 m!n" opportunities' Spendin7 time on pl!nnin7E' Not h!in7 ! stron7 m!n!7ement te!m4(ns*er 5 '

#. h!t s+ills become incre!sin7l" import!nt !t l!ter st!7es of deelopment for ! comp!n"

ENTR 206 Principles of Entrepreneurship Stud" 7uide for ;n!l e)!m

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(' !r+etin7/' !n!7eri!l&' Technic!l' Entrepreneuri!lE' Opportunit" identi;c!tion4(ns*er 5 /'

>. hich of the follo*in7 is not ! p!rt of the driin7 forces in the 7ro*th st!7es

(' =e!dership/' The opportunit" dom!in&' Resources !nd c!p!bilities' E)ecutionE' The entrepreneur4(ns*er 5 E'

%. h!t is NOT !n option !n entrepreneur must consider be"ond st!rtup(' =e!in7 the enture/' Sellin7 the enture&' !int!inin7 the enture' $ro*in7 the enture

E' (ll of them !re options4(ns*er 5 ('

6. (ccordin7 to the ch!pter, %0 of businesses st!rted tod!" *ill not e)ist in ho* m!n""e!rs(' 2/' #&' %' 6E' 84(ns*er 5 E'

A. h!t fr!ction of ;rms st!rted tod!", !ccordin7 to the ch!pter, *ill still be 7ro*in7 !ndpro;t!ble in ei7ht "e!rs(' 1Q%/' 1Q6&' 1QA' 1Q8E' 1Q4(ns*er 5 &'

8.


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10. h!t is the core of the 7ro*th model(' =e!dership/' Resources !nd c!p!bilities&' The opportunit" dom!in' The entrepreneurE' E)ecution4(ns*er 5 E'

11. ho or *h!t h!s the l!r7est imp!ct on ! ;rm3s 7ro*th potenti!l(' St!+eholders/' Cncert!int"&' Enironment!l conditions' Technolo7" ch!n7esE' &ompetitors4(ns*er 5 ('

12. h!t should !n entrepreneur focus on durin7 e!rl" 7ro*th(' E)p!nsion/' Str!te7"

&' Oper!tions' (ccountin7E' Net*or+in74(ns*er 5 /'

1#. The ch!pter *!rns th!t *hich of the follo*in7 c!n le!d to poor coordin!tion bet*eendiBerent !ctiities *ithin the comp!n"(' Oerdue collections/'


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4(ns*er 5 /'

1A. h!t does c!sh c"cle r!tio sho*(' Number of doll!rs !!il!ble to p!" "our short-term li!bilities./' @o* uic+l" "ou 7et "our recei!bles p!id.&' Time bet*een purch!se of supplies !nd collection of !ccounts recei!ble 7ener!ted in

the s!le of ! product.' @o* uic+l" "ou sell !nd repl!ce "our inentor" oer ! period.

E' e7ree to *hich ! comp!n" is usin7 borro*ed mone".4(ns*er 5 &'

18. ( positie c!sh conersion period me!ns th!t(' Dou h!e !n ineLcient recei!bles control s"stem/' Dou !re 7ettin7 c!sh in before "ou delier productsQserices&' Dou h!e ! er" eLcient recei!bles control s"stem' Dou !re receiin7 c!sh !fter "ou delier productsQsericesE' &ustomers p!" "ou before "ou proide them productsQserices4(ns*er 5 '

1. ( series of steps sho*in7 the !ctiities !nd entities th!t *e need to coordin!te in order for

the comp!n" to e)ecute its product or serice is c!lled(' &ustomer !lue delier"/' !lue ch!in&' STEP' &ustomer !lue propositionE' (ttributes model4(ns*er 5 /'

20. h!t do customers usu!ll" *!nt the comp!n" to do *ith its products(' To improe the products the" +no* best./' To introduce ne* products.&' To ch!n7e br!nd n!mes of e)istin7 products.' To produce products inside the countr".E' None of the !boe.4(ns*er 5 ('

21. hich of the follo*in7 is not ! source of ;n!ncin7 for e!rl" 7ro*th(' (n7el inestors/' ounder lo!ns&'


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4(ns*er 5 '

2>. h!t purpose should the bo!rd of directors sere !s ! comp!n" profession!li:es(' entorship./' Str!te7ic.&' Oper!tin7.' &redit lendin7.E' To represent suppliers.

4(ns*er 5 /'

2%. (ccordin7 to the riin7 orces of $ro*th odel, opportunit" dom!in inter!cts *ith *hichof the follo*in7(' St!+eholders/' Enironment!l conditions&' Pro;t!bilit"' &oordin!tionE' Or7!ni:!tion!l c!p!bilities4(ns*er 5 E'

&h!pter 1#

1' ??????c!n be considered ! public use of !n inention, suLcient to !cti!te the one-"e!r period.(. !r+et testin7/. E)hibitions&. Cse b" the inentor himself . (ll of the !boeE. None of the !boe

4(NSER-'

2' The b!sic reuirement for ! utilit" p!tent is th!t the ?????? be diBerent in some *!" from *h!tc!me before.(. ide!/. !ppe!r!nce&. !lue. desi7nE. product br!ndin7

4(NSER-('

#' hich of the follo*in7 is not referred to !s intellectu!l propert" cre!tions of the mind(. inentions

/. liter!r" !nd !rtistic *or+s&. s"mbols, n!mes, !nd im!7es. desi7ns used in commerceE. bud7et for ! cert!in proGect

4(NSER-E'

>' hich one of the follo*in7 is *ithin the r!n7e of


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4(NSER-E'

%' The form of !ll p!tents cont!ins the s!me b!sic sections, includin7 ????????????.(. dr!*in7s sho*in7 !n embodiment of the inention/. ! *ritten description of the inention referrin7 to the dr!*in7s !+in to !n en7ineerin7

speci;c!tion&. one or more cl!imsh"brid le7!l !nd technic!l l!n7u!7e th!t Jc!pturesK the inention in

*ords

. !ll of the !boeE. none of the !boe4(NSER-'

6' The desi7n p!tent coers onl"??????.(. the !ppe!r!nce of the product/. the ide! of the product&. the underl"in7 concept of the product. the function!lit" of the productE. the r!rit" of the product

4(NSER-('

A' hich of the follo*in7 could NOT be protected !s ! common form of tr!dem!r+s(. $eometric sh!pes/. N!tur!l sh!pes&. &ombin!tions of sh!pes !nd colors. ords used descriptiel"E. &olors

4(NSER-'

8' People c!n est!blish *hich of the follo*in7 *ithout !n" form!l 7oernment!l procedure(. Ctilit" p!tent/. Techniue p!tent&. esi7n p!tent. Tr!dem!r+E. &op"ri7ht

4(NSER-'

' &op"ri7hts coer m!n" forms of *ritin7U ho*eer, the" *ill not coer *hich of the follo*in7(. /rochures/. Photo7r!phs&. ideo present!tions. (rchitectur!l desi7nsE. /iolo7ic!l m!teri!ls

4(NSER-E'

10' The term license t"pic!ll" refers to ! number of diBerent t"pes of contr!cts coerin7intellectu!l propert", includin7??????.(. !n !ssi7nment/. !n e)clusie us!7e !7reement&. ! none)clusie license. / !nd &E. (, /, !nd &.

4(NSER-E'

11' ?????? should be put in *ritin7 !nd si7ned before the business rel!tionship be7ins.(. Emplo"ment contr!cts/. &onsult!nt contr!cts&. &on;denti!l disclosure !7reements. (ll of the !boeE. None of the !boe


P!7e 9 of 23


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4(NSER-'

12' (t *h!t st!7e in ! business rel!tionship should "ou !s+ the other p!rt" to si7n !con;denti!lit" !7reement(. /efore ne7oti!tions be7in./. urin7 the ne7oti!tion process.&. hen the contr!cts !re e)ecuted.. (t the ;rst product shipment.

E. (n"time before the contr!ct e)pires or is rene7oti!ted. 4(NSER-('

1#' hich of the follo*in7 is not necess!ril" included in ! consult!nt contr!ct(. h" the consult!nt is hired./. h!t the consult!nt is e)pected to do&. h!t the consult!nt m!" be e)posed to in the *!" of comp!n" tr!de secrets !nd con;denti!l

!nd propriet!r" inform!tion.. h!t the consult!nt is e)pected to !ssi7n to the comp!n" in the *!" of inno!tions,

inentions, p!tents, !nd cop"ri7hts.E. h!t prior *or+ the consult!nt h!s done for competitors.

4(NSER-E'

1>' (n often oerloo+ed !re! in ! consult!nt contr!ct is ??????.(. The o*nership of notes/. The o*nership of memos&. !iled !enues of deelopment. (ll of the !boeE. None of the !boe

4(NSER-'

1%' (fter the C.S. P!tent !nd Tr!dem!r+ OLce e)!mines the !pplic!tion !nd determines th!t them!r+ could to be re7istered, the !pplic!nt must sho* !ctu!l use *ithin ho* m!n" months(. 1 month./. # months.&. 6 months.. 12 months.E. 2> months.

4(NSER-&'

16'


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18' The bene;t of ! cop"ri7ht re7istr!tion is ???????.(. the re7istr!tion is e!s" to obt!in/. protection l!sts ! lon7 time&. the cost is lo*. !ll of the !boeE. none of the !boe

4(NSER-'

1' iBerent countries h!e diBerent conditions th!t entrepreneurs must meet to obt!in !n"p!tent protectionU the ;rst !nd most import!nt restriction is??????.(. the time limit/. the cost limit&. the term of protection limit. the subGect m!tter limitE. the !lue limit

4(NSER-('

20' here!s the Cnited St!tes !llo*s ! business one full "e!r to test m!r+et its ne* product,most other countries reuire th!t the p!tent !pplic!tion be ;led ??????.(. before !n" pri!te disclosure.

/. before !n" public disclosure.&. before !n" commerci!l promotion.. before !n" product test.E. before !n" production.

4(NSER-/'

21' /" ;lin7 ! speci!l P&T p!tent !pplic!tion in ! speci!ll" desi7n!ted P&T oLce *ithin one "e!rof C.S. ;lin7, !nd b" desi7n!tin7 cert!in countries, comp!nies c!n presere their ri7ht to ;le inthose countries *ithout further e)pense for ??? !fter the C.S. ;lin7 d!teU th!t *ill proide

??????for test m!r+etin7 the product.(. 1 or 10 months !nd !n !ddition!l 8 or 18 months/. 20 or #0 months !nd !n !ddition!l 8 or 18 months&. 2> or #6 months !nd !n !ddition!l 8 or 18 months. >0 or %0 months !nd !n !ddition!l 28 or #8 monthsE. %0 or 60 months !nd !n !ddition!l >8 or %8 months

4(NSER-/'

22' !n" licensees prefer !??????, bec!use the" *!nt ! cle!r pl!"in7 ;eld *ith no competitors inorder to m!)imi:e their reenue from the propert" !nd Gustif" the license cost.(. e)clusie license/. sub-e)clusie license&. none)clusie license. common license

E. prim!r" license 4(NSER-('

2#' =icensors 7ener!ll" see+ ?????? to ensure th!t the licensee *ill use its best eBorts to e)ploitthe propert" !nd m!)imi:e the licensors income.(. to !dd ! cl!use in *hich the licensee promises to use its Jbest eBortsK/. to compel cert!in !chieements b" the licensee&. to use the simpler !ppro!ch of ! minimum ro"!lt". !ll of the !boeE. none of the !boe

4(NSER-'

2>' h!t t"pe of cl!use eicts the licensee !nd returns control to the licenser in the eent of unmet 7o!ls


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(. ( competition cl!use./. ( non-competition cl!use.&. ( reerter cl!use.. ( con;denti!l disclosure cl!use.E. ( ro"!lt" cl!use.

4(NSER-&'

2%' hich of the follo*in7 is NOT included in the scope of p!tent protection for ne* computer

soft*!re(. The codin7 or routines/. The structure !nd or7!ni:!tion&. The user interf!ce !nd menus of the pro7r!m. The bro!d underl"in7 concept of !n !l7orithmE. The m!nner of *ritin7s

4(NSER-E'

&h!pter 12

1. h!t concept reuires th!t !n emplo"ee does not +no*in7l" t!+e !ction desi7ned to h!rmthe emplo"ers business

(' Re!son!ble protection

/' Emplo"ee3s obli7!tion&' ut" of lo"!lt"' &orpor!te t!ctE' $ener!ll" !ccepted protection principle4(ns*er 5 &'

2.


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%. h" !re restr!inin7 orders d!n7erous for ! st!rtup(' The" p!r!l":e the comp!n" until the court b!ttle is resoled

/' The" forbid the comp!n" to 7o public&'


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4(ns*er 5 &'

12. . (ll of the follo*in7 forms of le7!l entities must ;le !n !nnu!l report *ith the st!te7oernment in !ddition to their t!) return except

(' $ener!l p!rtnerships/' =imited li!bilit" comp!nies&' =imited p!rtnerships' &orpor!tionsE' =imited li!bilit" p!rtnerships4(ns*er 5 ('

1%. hich st!te is f!mous for its m!n!7ement-friendl" corpor!te l!*s(' Ohio

/' !ss!chusetts&' Ne* e)ico' &!liforni!E' el!*!re4(ns*er 5 E'

16. (s c!n be le!rned from the ch!pter, ! redemption !7reement is the coen!nt, in *hich(' The business o*ns insur!nce policies on the o*ners !nd is obli7!ted to use the

proceeds to purch!se e!ch stoc+holder3s euit" upon his or her de!th./' E!ch o*ner is reuired to t!+e out insur!nce on the others !nd to bu" ! proportion!l

!mount of the dece!seds euit".&' /usiness !ssets, such !s inentor" or m!r+et!ble securities, eu!l to the !lue of

o*ner3s sh!re of the euit" in the comp!n" *ill be tr!nsferred to rel!ties upon his orher de!th.

'


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&' The emplo"er is responsible for !n" !ctions of the emplo"ee occurrin7 *ithin the scopeof hisQher emplo"ment

' The emplo"ee !l*!"s !ns*ers for the conseuences of hisQher crimin!l !ctions *ithouttr!nsferrin7 the responsibilit" to the emplo"er

E' Emplo"ees c!n be held crimin!ll" li!ble if the" contribute to the unl!*ful !ctions of !nemplo"er !nd should h!e re!son!bl" understood the conseuences.

4(ns*er 5 &'

18. (n emplo"er m!" not discrimin!te !7!inst !n"one for !n" of the follo*in7 ch!r!cteristics,e)cept for(' Reli7ion

/' (7e&' N!tion!l ori7in' Se)u!l orient!tionE' is!bilit"4(ns*er 5 '

1. h!t is the m!in !ttr!ction of !n emplo"ment !7reement for the emplo"ee(' Soci!l bene;ts

/' Protection !7!inst ;rin7 *ithout c!use

&' $u!r!nteed promotion on ! re7ul!r b!sis' e*er responsibilitiesE' @i7her *!7es4(ns*er 5 /'

20. ( t!)-friendl" form of stoc+ option is c!lled ! ??????? .(' pension/' incentie stoc+ option&' ph!ntom stoc+' municip!l stoc+ optionE' None of the !boe.

4(ns*er 5 /'

21. (ccordin7 to the ch!pter, *h!t t"pe of insur!nce should !n entrepreneur purch!se ;rst(' @e!lth insur!nce for emplo"ees.

/' 9e" person insur!nce.&' /usiness interruption insur!nce.' =i!bilit" insur!nce.E' Propert" insur!nce.4(ns*er 5 E'

22. h!t t"pe of insur!nce c!n ! t"pic!l st!rtup not !Bord(' @e!lth insur!nce for emplo"ees.

/' 9e" person insur!nce.&' /usiness interruption insur!nce.' =i!bilit" insur!nce.E' Propert" insur!nce.

4(ns*er 5 &'

2#. h!t t"pe of business c!n !l*!"s proide 7roup life, dis!bilit", !nd he!lth insur!ncepolicies t!)-free !nd deduct the costs of premiums

(' S corpor!tion/' P!rtnership&' & corpor!tion' ==&E' (ll of the !boe

4(ns*er 5 &'


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2>. hich of the follo*in7 criteri! must ! de!l meet in order for it to be eli7ible for intr!-st!tesecurities oBerin7 e)emption from re7istr!tion

(' /u"ers !nd oBerees of the securities h!e to be residents of one st!te/' The comp!n" must be incorpor!ted under the l!*s of th!t st!te&' The comp!n" oBerin7 the securities must h!e most of its !ssets in the s!me st!te' The comp!n" must do the most of its business in the s!me st!teE' (ll of the !boe.4(ns*er 5 E'

2%. h!t is the m!)imum doll!r !mount of ! securities oBerin7 for it to still u!lif" for pri!tepl!cement e)emption

(' H100,000/' H%00,000&' H1,000,000' H2,000,000E' H%,000,0004(ns*er 5 &'

&h!pter 11

26' hich of the follo*in7 is NOT one of the ie &s of credit(. &h!r!cter/. &!p!cit"&. &!pit!l. &oll!ter!lE. &ustomers

4(NSER-E'

2A' (lthou7h the opportunit" costs for !ccounts recei!ble m!" be uite l!r7e, the l!r7estcurrent !sset b!l!nces !re usu!ll" in??????.A. c!shB. !ccounts recei!bleC. inentoriesD. propert", pl!nt, !nd euipmentE. short-term inestments

4(NSER-&'

28' hich of the follo*in7 !ssets represents the most import!nt current !sset of m!n"m!nuf!cturin7 comp!nies.(. &!sh/. (ccounts recei!ble

&.


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#0' The m!7nitude of ! comp!n"s !ccounts recei!ble obiousl" depends upon ! numberof f!ctors, e)cept ?????????.(. the leel !nd the p!ttern of s!les/. the bre!+do*n bet*een c!sh !nd credit s!les&. the diBerence bet*een current !ssets !nd current li!bilities. the nomin!l credit terms oBeredE. the enforcement of credit terms

4(NSER-&'

#1' The b!sis of !ll recei!bles !nd collections is !ctu!l net s!les, *hich is eu!l to ??????.(. s!les minus !n" returns./. s!les plus !n" returns.&. s!les minus returns onl" if the" !re 0 d!"s l!te.. s!les plus returns onl" if the" !re 0 d!"s l!te.E. None of the !boe

4(NSER-('

#2' ethods of forec!stin7 enironment!l ch!n7e f!ll into t*o bro!d 7roups. One 7roup isprim!ril" concerned *ith forec!stin7 the future perform!nce of the econom" !s ! *holeUthe other 7roup is more concerned *ith forec!stin7 ?????? for indiidu!l industries !nd

products.(. s!les/. cost&. inentor". *e!ther p!tternsE. None of !boe

4(NSER-('

##' The rel!tie proportions of c!sh s!les !nd credit s!les m!+e !n import!nt diBerence to*hich of the follo*in7(. E)pected s!les./. E)pected cost.&. E)pected inentor".. E)pected c!sh o*s.E. E)pected !ccounts recei!ble.

4(NSER-'

#>' h!t economic f!ctor concernin7 the entrepreneur3s product is the most si7ni;c!nt forthe comp!n"3s credit polic"(. El!sticit" of dem!nd/. El!sticit" of suppl"&. !r7in of pro;t. !r7in of utilit"

E. None of !boe4(NSER-('

#%' hich of the follo*in7 is ! method of pursuin7 p!"ment from ! customer *hom theentrepreneur beliees !ble to p!"(. Refusin7 !n" further supplies, or suppl"in7 onl" for c!sh/. Thre!tenin7 le7!l !ction&. (ctu!ll" undert!+in7 le7!l proceedin7s, usin7 ! speci!li:ed collection !7enc". (ll of the !boeE. None of the !boe

4(NSER-'

#6'


18/23

(. !re lo*er th!n the cost./. e)ceed the cost.&. !re eu!l to the cost.. !re !t le!st >0 lo*er th!n the cost.E. None of the !boe.

4(NSER-/'

#A' ( method of reducin7 oerdue !ccounts !nd limitin7 b!d debts is settin7 limits to the

credit !llo*ed on??????.(. corpor!te bu"ers/. indiidu!l !ccounts&. hi7h-cost 7oods. lo*-cost 7oodsE. none of the !boe

4(NSER-/'

#8' h!t does ! tr!de-credit eBectiel" !mount to(. @i7her !ccounts p!"!ble./. @i7her trust !mon7 comp!nies in the s!me industr".&. ( lo!n to the entrepreneur3s *or+in7 c!pit!l.

. ebt s*!ps.E. None of the !boe

4(NSER-&'

#' hich of the follo*in7 is NOT ! *!" to use inentor" !s securit" for ! lo!n(. ( ch!ttel mort7!7e./. ( o!tin7 lien.&. ield *!rehousin7.. Public *!rehousin7.E. Outside proGect ;n!ncin7.

4(NSER-E'

>0' T"pic!ll", ! comp!n" c!n borro* *h!t percent of its !ccounts recei!ble3s f!ce !lue if it h!s ! 7ood credit r!tin7 !nd its customers h!e e)cellent credit r!tin7s.(. 1% to 2%/. 2% to %0&. %0 to A%. A% to 0E. 0to 100

4(NSER-'

>1' /!n+s !nd ;n!nce comp!nies usu!ll" lend ??????, in *ritin7 ! o!tin7 lien.(. onl" ! sm!ll fr!ction of the inentor"3s boo+ !lue

/. onl" ! sm!ll fr!ction of the inentor"s m!r+et !lue&. the tot!l !mount !s the inentor"3s boo+ !lue. ! sm!ll fr!ction of the s!les of the l!st "e!rE. ! l!r7e fr!ction of the s!les of the l!st "e!r

4(NSER-/'

>2' hich of the follo*in7 is not suit!ble for usin7 ;eld *!rehousin7(. Especi!ll" bul+" inentor"./. Especi!ll" !lu!ble inentor".&. Structur!l steel. (n inentor" of chemic!lsE. None of the !boe.

4(NSER-E'

>#' hich of the follo*in7 is NOT ! f!ctor th!t inuences the interest borro*ers p!"


P!7e 18 of 23


19/23

(. the doll!r !mount of the lo!n/. the len7th of time inoled&. the nomin!l r!te of interest. the rep!"ment loc!tionE. the method used to c!lcul!te the interest

4(NSER-'

>>' The b!n+ discount method is common in ??????.

(. short-term business lo!ns/. lon7-term business lo!ns&. ;n!ncin7 from customer prep!"ments. coll!ter!l !ppr!is!lE. insur!nce

4(NSER-('

&h!pter 10

1. The eu!tion for the !lue of ! comp!n" *ith the e!rnin7s c!pit!li:!tion method is(' &omp!n" !lue V $ross Reenue W /oo+ !lue

/' &omp!n" !lue V Net


20/23

/' #%&' >0' %0E' 6%4(ns*er 5 '

6. (ccordin7 to the $E stud", h!lf of !ll inform!l inestors !re e)pectin7 their mone" to bereturned *ithin ho* m!n" "e!rs

(' 1 "e!r/' 2 "e!rs&' # "e!rs' > "e!rsE' % "e!rs4(ns*er 5 /'

A. @o* much do business !n7els inest !nnu!ll" in the CS(' H% - 6 billion

/' H10 - 1% billion&' H1% - 20 billion' H20 - #0 billion

E' H%0 - 60 billion4(ns*er 5 &'

8. hich of the follo*in7 t"pes of !n7els is usu!ll" ! p!ssie inestor(' Profession!l

/' Entrepreneuri!l&' &orpor!te' icrom!n!7ementE' Enthusi!st4(ns*er 5 E'

. The le!st desir!ble *!" for enture c!pit!list to h!rest !n inestment is('


21/23

(' Seen times their inestment in ;e "e!rs/' our times their inestment in three "e!rs&' ie times their inestment in t*o "e!rs' Ten times their inestment in seen "e!rsE' ie times their inestment in ;e "e!rs

4(ns*er 5 ('

1#. h!t !re the most !ttr!ctie comp!nies th!t 7o public usu!ll" b!c+ed *ith

(' (n7el c!pit!l./' enture c!pit!l.&' Positie c!sh o*.'


22/23

1. The period *hen the prior sh!reholders !re not permitted to sell !n" of their stoc+ isc!lled

(' =oc+up period/' /loc+in7 period&' =imited period' /!nnin7 periodE' None of the !boe

4(ns*er 5 ('

20. h!t is the under*riter3s st!nd!rd commission for t!+in7 ! comp!n" public(' Z1.%/' Z#&' Z%' ZAE' Z10

4(ns*er 5 '

21. or the entrepreneur !d!ncin7 throu7h the


23/23

!. Essa" ! has four #uestions. Business $lan

a. What is the purpose of a %usiness plan&

%. What is included in the %usiness plan&

c. 'i(e a short summar" of the %usiness plan "ou wor)ed on for this class.

d. What did "ou learn a%out entrepreneurship as a result of doing the %usiness plan&

Su77ested !ns*er The /usiness Pl!nnin7 Process

• The most import!nt !spect of *ritin7 the business pl!n is the le!rnin7 th!t 7oes on !s "ou identif""our concept !nd then rese!rch the concept, the industr", the competitors, !nd customers.

• The process undert!+en in deelopin7 ! ti7ht, *ell *ritten stor" is !lso er" import!nt.

• The pl!n must est!blish !n opportunit" *orth e)ploitin7 !nd det!il ho* to !ccomplish it.

• The business pl!nnin7 process r!ises critic!l uestions !bout the fe!sibilit" of the enture.

• The 7re!t bene;t of the business pl!nnin7 process is th!t it !llo*s the entrepreneur to !rticul!te thebusiness opportunit" to !rious st!+eholders in the most eBectie m!nner.

T@E P=(NN

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