Essentials of Entrepreneurship: Thinking & Action Coursera Quiz Answers
All Weeks Essentials of Entrepreneurship: Thinking & Action Coursera Quiz Answers
Success in business can be greatly enhanced with an understanding of key entrepreneurial characteristics and competencies solutions. This interactive course provides potential entrepreneurs with the knowledge of succeeding in an entrepreneurial opportunity.
Essentials of Entrepreneurship: Thinking & Action Week 1 Quiz Answers
Quiz 1: Review
Q1. The four pillars of entrepreneurship include (select 4):
- Independent Ventures
- Partnership Ventures
- Corporate Ventures
- Non-Profit Ventures
- Charitable Ventures
- Social Ventures
- Family Ventures
Q2. Entrepreneurs engage in the following two types of opportunity evaluation (select 2):
- Personal Evaluation
- Business Evaluation
- Risk Evaluation
- Feasibility Study
- Market Study
Q3. As we overcome ___________________, we begin to understand that an opportunity exists for someone (3rd person).
- Uncertainty
- Ignorance
- Fear
- Doubt
Q4. As we overcome ______________________, we begin to understand that an opportunity exists for ourselves (1st person).
- Uncertainty
- Ignorance
- Fear
- Doubt
Essentials of Entrepreneurship: Thinking & Action Week 2 Quiz Answers
Quiz 1: Review
Q1. Which of the following financial statements MUST be in the feasibility study? (select 2)
- Cash Flow Statement
- Income Statement
- Balance Sheet
- Statement of Retained Earnings
Q2. The cash flow statement should use the following unit of time measurement:
- Annual
- Monthly
- Quarterly
- Weekly
Q3. Break Even is shown on which statement?
- Cash Flow Statement
- Income Statement
- Balance Sheet
- Statement of Retained Earnings
Q4. Financial projections are typically prepared for:
- 1 Year
- 3 Years
- 5 Years
- 10 Years
Q5. ______________ shows when the investment of funds into the venture have been recuperated.
- Operating Break-Even
- Investment Break-Even
- Dividends
- Net Profit
Q6. ______________ shows how much business must be generated on a monthly basis for a business to make neither a profit nor a loss.
- Operating Break-Even
- Investment Break-Even
- Dividends
- Net Profit
Essentials of Entrepreneurship: Thinking & Action Week 3 Quiz Answers
Quiz 1: Review
Q1. Leadership primarily affects a change in ______________, while management primarily affects a change in _________________.
- Finance, Marketing
- Direction, Resources
- Vision, Goals
- Possibilities, Outcomes
Q2. The following are components of Marketing Strategy: (select 4)
- Segmentation
- Differentiation
- Price
- Targeting
- Promotion
- Positioning
- Place
- Service / Product
Q3. The following are components of Marketing Mix: (select 4)
- Segmentation
- Differentiation
- Price
- Targeting
- Promotion
- Positioning
- Place
- Service / Product
Q4. Human Resources must concern themselves with:
- Company Culture
- Evaluation
- Retention
- Compliance
- All of the above
- None of the above
Q5. To keep an eye on essential information entrepreneurs often use a:
- Dashboard
- Consultant
- Accountant
- Partner
- Smartphone App
Essentials of Entrepreneurship: Thinking & Action Week 4 Quiz Answers
Quiz 1: Review
Q1. Among the first steps in formally starting a venture are:
- Choosing a name.
- Incorporation.
- Opening a bank account.
- Hiring employees.
- Hiring an accountant.
Q2. In some legal systems, the following legal structure can exist automatically the moment one conducts business:
- S-Corp
- L-Corp
- LLC
- LLP
- Sole Proprietorship
Q3. Starting a business properly requires a sizable investment in software.
- True
- False
Q4. You should spend a lot of money on your first website as first impressions are important.
- True
- False
Q5. It’s hard to know if your marketing money is well spent so you just have to follow your gut.
- True
- False
Q6. It’s important to be competitive in your online marketing, so it’s worth having a large SEM budget.
- True
- False
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