Business Questions... HELP

QUESTION 1 Which of thefollowing entrepreneurs was one of the pioneers of the biotechnology industry?RobertNoyce,TimNerners-LeeGeorgeGendronRobertSwansonQUESTION 2 Jim Clark, an ITentrepreneur, became the first Internet billionaire because of his investmentin what company?Yahoo! Inc.Netscape CommunicationsGoogle Inc.Microsoft Corp.QUESTION 3 In general, the most importantsource of capital for a new entrepreneurial venture is which of the following?Informal investorsVenture CapitalBanksProfits from the ventureQUESTION 4 What is the mostsuccessful US airline?  UnitedAirlines, Delta, Continental Southwest  QUESTION 5 The highest averageTEA rates are found in?   Middle East &North Africa   European Union  sub-Saharan Africa and Latin America/Caribbean   Asia Pacific/SouthAsiaQUESTION 6 According to yourtextbook, into why type of opportunity should a business idea translate?  Realistic Easy toimplement   Attractive   Technologicallyadvanced    QUESTION 7 What does moving aseed of an idea to a more concrete possibility require?  Practicalthinking  Marketresearch Input from others  Abusiness plan  QUESTION 8 Which of thefollowing most typified a cocktail entrepreneur?  Fails to takeaction   Popular Productive Decisive   QUESTION 9 Which of thefollowing is not a part of IDEOs product design steps?Optimizepracticality  MultiplystimuliGatherstimuliCreatestimuliQUESTION 10 What is the onlyaction that the gather stimuli stage requires of the entrepreneur? AskThinkDoNothingObserve      QUESTION 11 An importanttechnique in brainstorming is to say:   Yes and   Yes, but   That wont workbecause   Nice!QUESTION 12 What is the name ofthe process that is the equivalent of brainstorming, but with a focus onwriting rather than verbal communication?   Paper-writing   Brain-writing   Mute-storming   Paper-stormingQUESTION 13 In which stage is itimportant to play devils advocate?   Optimizepracticality   Multiply stimuli   Gather stimuli   Create stimuliQUESTION 14 On what category ofcustomers should a startup business focus most of its attention?   STA   PTA   TTA   An even share ofSTA, PTA, and TTAQUESTION 15 An understanding ofyour STA helps you to:   Train youremployees   Find bettermanagement   Develop apenetration strategy   Make better growthdecisions QUESTION 16 When analyzing anopportunity which trends should you focus on?   Present Microtrends & Current Macro trends   Historical microtrends   None of the above   None of the above QUESTION 17 Which of thefollowing is not a venture stage specifically enumerated in the chapter?   Investigation   Launch   Growth   Operations QUESTION 18 What is theapproximate number of baby boomers in the US?   55  60 million   60  65 million   70  75 million   75  80 million QUESTION 19 According to thetextbook, people of Hispanic descent will comprise 25 % of the US population bywhat year?   20202030   2035   2040 QUESTION 20 To replace $70,000 offorgone salary and benefits, an entrepreneur will need the new venture togenerate approximately how much in annual revenue?   $70,000   $200,000   $400,000   $600,000 QUESTION 21 The graphicaldepiction that highlights the diffusion of product acceptance over time is:   S-Curve   C-Curve   U-Curve   V-Curve QUESTION 22 When starting a webbusiness, which measure of effectiveness matters most?   The number ofeyeballs looking at your site   Profits   Click thru rates   Overhead expenses QUESTION 23 Generally speaking,what is the lowest level of total revenue in which a market becomes attractivefor new entrants?   $15 million   $20 million   $25 million   $30 million QUESTION 24 What is an example ofa relatively inelastic product?   Burgers   Train tickets   Gasoline   DVD DiscsQUESTION 25 What is theshort-sighted thinking behind the penetration-pricing strategy?   Pricing belowcompetitors will lead to higher market share   Gross marginsshould be very high for a new product   Loyal customersdemand the lowest price   The simplest methodof selective prices saves time