DC Entrepreneurship Review Part 2

Your operational plan will be structured as a list of detailed steps.

• true

• false

Ideation is the formation of ideas or concepts.

• true

• false

Google and Facebook utilize a system of advertising that uses a person's ______________ to provide targeted advertising.

• phone number

• family history

• zip code

• eating habits

• interests and browsing habits

The Industrial Revolution caused which of the following changes?

• Famines became more common.

• More food began to be produced by hand.

• A decrease in the literacy rate.

• The population transition from farm to city.

• White-collar jobs began to proliferate.

The American Society for Training and Development found that when employees were presented with excellent training, what percent of employees planned to leave in a year?

• 33%

• 12%

• 22%

• 41%

• 18%

Which of the following is the sixth step in the typical process for selling a business?

• Determining who is buying the business

• Determining who is selling the business

• Drafting financial documents

• Doing a business valuation

• Drafting business transfer documents

Focus groups are what kind of market research?

• Purposeful

• Primary

• Tracking

• Secondary

• Incidental

Which of the following is not one of the four models of business ownership?

• Franchisor

• Partnership

• Corporation

• Cooperative

• Sole Proprietorship

Disruptive technology is an innovation that drastically alters thinking and behavior.

• true

• false

Which of the following is not a reason most people start up their own business?

• Ability to pursue their own passions

• Creative freedom

• Help people improve their lives

• Ability to be the boss

• Wants a rigid schedule