All Weeks Essentials of Entrepreneurship: Thinking & Action Coursera Quiz Answers
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
