Business & Finance Homework Help
1.A small startup with less than 100 employees, that is usually self-funded, focused on a positive cash flow, and
1.A small startup with less than 100 employees, that is usually self-funded, focused on a positive cash flow, and
based on the skills of the founder is known as a
Entrepreneurial startup
Incubator
Microloan program
Venture capital startup
2.When performing a skills analysis, you should examine:
education
hobbies
work experience
all of the above
3.What your business does better than other businesses in the industry is known as its ?
goal
competitive advantage
first-mover advantage
trend
4.A is a statement that defines a firm’s purpose and summarizes how and where a firm will compete.
competitive map
gap analysis
mission
position
5.Which statement is not true regarding business plans?
It is better to create the business plan using your own words rather than using a cookie-cutter business plan program
All business plans are the same length
Business plans are developed and used differently in all businesses
Business plans serve as a guide for the entrepreneur to follow
6.What your business does better than other businesses in the industry is known as its ?
goal
competitive advantage
first-mover advantage
trend
7.A is a statement that defines a firm’s purpose and summarizes how and where a firm will compete.
competitive map
gap analysis
mission
position
8.Which statement is not true regarding business plans?
It is better to create the business plan using your own words rather than using a cookie-cutter business plan program
All business plans are the same length
Business plans are developed and used differently in all businesses
Business plans serve as a guide for the entrepreneur to follow
9.A snapshot of a business at a point in time.
Income statement
Balance sheet
Cash Flow Statement
Profit and Loss Statement
10.An analytical tool used to organize information about direct competitors on all points of competition is known as a:
Competitive map
Gap analysis
Feasibility analysis
Skills analysis
11. are individuals or organizations that impact the success of a business:
stakeholders
incubators
shareholders
stockholders
12.This type of patent is for a new process, machine, article of manufacture, or composition of matter, or any new and useful improvement of those.