
6. Entrepreneurship & Small Business Certification Study Guide
Authored by Charlotte Bremseth
Other
6th Grade
Used 13+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Product license is used for a new product, new technology or new invention.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade Secrets must be registered with the government's Patent and Trademark office.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A trademark license protects names, logos or slogans.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Copyright is required for material in the public domain.
True
False
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
It varies from firm to firm, but most venture capital firms want to see 2 of the following before investing:
A scalable business model.
A profitable exit strategy.
several business associates.
That you have invested all of your own money.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You own a company that makes baseball bats. For each bat you know the following:
Labor cost: $20
Materials: $30
You want a 25% mark-up, how much do you charge for each bat?
$76
$65.50
$50
$62.50
Answer explanation
Add your costs:
20=30=50
then multiply by 1.25 - tis would be the cost (1) plus 25% (.25)
50x1.25 = $62.50
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are two characteristics of a lean canvas?
Lean Canvas focusses on the Key Metrics, Unique Value Proposition and finding solutions to the problem.
A Lean Canvas includes Financial Projections and a Detailed Market analysis.
A Lean Canvas is a highly test based long detailed document.
A lean Canvas is a quick, concise tool used to outline or update a Business Plan.
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