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.

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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
Essentials of Entrepreneurship: Thinking & Action Coursera Course Review:

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