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• Which alternative is not one of the common myths about entrepreneurs, according to the course book? Select one alternative: Entrepreneurs should be young and energetic
• Four primary characteristics of successful entrepreneurs are put forward in the course book. Which alternative is not one of the four characteristics? Execution intelligence
• There are positive effects of entrepreneurship and entrepreneurial firms. Which alternative is not correct? Select one alternative: Schumpeter argues that creativity will decrease consumer demand and lower economic activity, new products and new technologies will not emerge.
• The course book describes three general approaches entrepreneurs use to identify opportunities. Which alternative is correct? Select one alternative: Observing trends, solving a problem, finding gaps in the market.
• For an individual the creative process can be broken into five stages. Which is the finale stage? Select one alternative: Elaboration, the stage which the details are worked out and the idea is transformed into something of value.
• What does Leapfrogging is encouraged to mean in a formal brainstorming session? Select one alternative: This means using one idea as a means of jumping forward quickly to other ideas.
• Feasibility analysis is the process of determining if a business idea is viable. Which statement is correct regarding feasibility analysis? Select one alternative: Feasibility analysis has 4 key areas it assesses: the product/service, the industry/target, the organization and the financials.
• Feasibility analysis can be divided into four essential parts. Which alternative belongs to the Organizational part?Select one alternative: Prowess and sufficiency
• Which alternative is not a characteristic of an attractive industry Select one alternative: Are rather late in their life cycle
• Which statement about what a business model is, is not correct? Select one alternative: A Business model does not explain how the business will be funded.
• A firm's revenue streams describe the ways in which it makes money. Which alternative is not mentioned as a common revenue stream, in the course book? Select one alternative: Stock free sales
• The five force model has five stated forces to consider. Which alternative is connected to the threat of rivalry among existing firms, according to the course book?Select one alternative: Number and balance of competitors
• The course book describes five different industry types. Which alternative is not described correctly? Select one alternative: A declining industry is an industry that is experiencing significant global international sales
• The first step in a competitive analysis is to determine who the competitors are. Which alternative describes the three general types of competitors a business will face, according to the course book?Select one alternative: Direct competitors, indirect competitors, future competitors
• The course book lists some of the reed flags that are raised when certain aspects of a business plan are insufficient or miss the mark. Which alternative is not one of the mentioned raised red flags, Select one alternative: Highlighted the start-up costs
• The course book gives an example of a suggested full business plan outline. Under which part do the concept of Product, Price, Promotion and Distribution belong to? Select one alternative: The marketing plan
• The course book discusses three specific steps that an entrepreneurial start-up can take to build a strong ethical culture. Which alternative do not belong to the three specific steps?Select one alternative: Avoiding legal disputes to avoid misunderstandings or simple lack of knowledge of the law
• To govern employees' behavior beyond a code of conduct is important. Which alternative i govern employees' behavior? Select one alternative: Established policies
• Most entrepreneurial firms have four primary financial objectives. Which alternative is not one of the main objectives?Select one alternative: The historical financial statement
• Which financial statement takes into account the depreciation made? Select one alternative: The income and the balance sheet
• Which alternative is correct regarding the financial statements Select one alternative: All financial statements are connected to each other
• Consider a company that sells computers at a Price of 12 000 and that they sell 100 units. The company's total variable cost is 300 000 and the total fixed costs is 600 000 for selling the computers. What is the company's sales margin on the computer? Select one alternative: 75%
• Consider a company that sells computers at a Price of 12 000 and that they sell 100 units. The company's total variable cost is 300 000 and the total fixed costs is 600 000 for selling the computers. What is the company's break-even volume? Select one alternative: 67 units
• What is a new-venture team, according to the course book? Select one alternative: It is the group of founders, key employees and advisers that move a new venture from an idea to a fully functioning firm
• Which statement explain correct the concept of Liability of newness? Select one alternative: It refers to the fact that companies often falter because of not being able to adjust quickly enough to their new roles
• If a new venture is organized as a corporation, it is legally required to have a board of directors. The course book brings up that the board of directors has three formal responsibilities. Which alternative is not one of the three formal responsibilities? Select one alternative: Fund the corporations need of capital
• The course book brings up three challenges to why new ventures need funding. Which challenge is connected to that inventory must be purchased and employees must be paid before sales can be made? Select one alternative: Cash flow challenges
• The course book mention bootstrapping as a source of funding. Which alternative describes bootstrapping, according to the course book? Select one alternative: It is a way to avoid the need for external financing through creativity, ingenuity and cost-cutting.
• What type of funding is peer-to-peer lenders, vendor credit and factoring? Select one alternative: Sources of debt financing
• According to the course book there are three rules of thumb that entrepreneurs should follow when asking friends and family members for money. Which alternative is not correct as one of the three thumb of rules? Select one alternative: No ownership shall be offered to family and friends, only factoring

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