Essentials of Entrepreneurship Thinking Action Coursera Quiz Answer [💯Correct Answer]

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Week- 1: Review

1.
Question 1
The four pillars of entrepreneurship include (select 4):

1 point

• Independent Ventures
• Partnership Ventures
• Corporate Ventures
• Non-Profit Ventures
• Charitable Ventures
• Social Ventures
• Family Ventures

2.
Question 2
Entrepreneurs engage in the following two types of opportunity evaluation (select 2):

1 point

• Personal Evaluation
• Business Evaluation
• Risk Evaluation
• Feasibility Study
• Market Study

3.
Question 3
As we overcome ___________________, we begin to understand that an opportunity exists for someone (3rd person).

1 point

• Uncertainty
• Ignorance
• Fear
• Doubt

4.
Question 4
As we overcome ______________________, we begin to understand that an opportunity exists for ourselves (1st person).

1 point

• Uncertainty
• Ignorance
• Fear
• Doubt

Week- 2: Review

1.
Question 1
Which of the following financial statements MUST be in the feasibility study? (select 2)

1 point

• Cash Flow Statement
• Income Statement
• Balance Sheet
• Statement of Retained Earnings

2.
Question 2
The cash flow statement should use the following unit of time measurement:

1 point

• Annual
• Monthly
• Quarterly
• Weekly

3.
Question 3
Break Even is shown on which statement?

1 point

• Cash Flow Statement
• Income Statement
• Balance Sheet
• Statement of Retained Earnings

4.
Question 4
Financial projections are typically prepared for:

1 point

• 1 Year
• 3 Years
• 5 Years
• 10 Years

5.
Question 5
______________ shows when the investment of funds into the venture have been recuperated.

1 point

• Operating Break-Even
• Investment Break-Even
• Dividends
• Net Profit

6.
Question 6
______________ shows how much business must be generated on a monthly basis for a business to make neither a profit nor a loss.

1 point

• Operating Break-Even
• Investment Break-Even
• Dividends
• Net Profit

Week- 3: Review

1.
Question 1
Leadership primarily affects a change in ______________, while management primarily affects a change in _________________.

1 point

• Finance, Marketing
• Direction, Resources
• Vision, Goals
• Possibilities, Outcomes

2.
Question 2
The following are components of Marketing Strategy: (select 4)

1 point

• Segmentation
• Differentiation
• Price
• Targeting
• Promotion
• Positioning
• Place
• Service / Product

3.
Question 3
The following are components of Marketing Mix: (select 4)

1 point

• Segmentation
• Differentiation
• Price
• Targeting
• Promotion
• Positioning
• Place
• Service / Product

4.
Question 4
Human Resources must concern themselves with:

1 point

• Company Culture
• Evaluation
• Retention
• Compliance
• All of the above
• None of the above

5.
Question 5
To keep an eye on essential information entrepreneurs often use a:

1 point

• Dashboard
• Consultant
• Accountant
• Partner
• Smartphone App

Week- 4: Review

1.
Question 1
Among the first steps in formally starting a venture are:

1 point

• Choosing a name.
• Incorporation.
• Opening a bank account.
• Hiring employees.
• Hiring an accountant.

2.
Question 2
In some legal systems, the following legal structure can exist automatically the moment one conducts business:

1 point

• S-Corp
• L-Corp
• LLC
• LLP
• Sole Proprietorship

3.
Question 3
Starting a business properly requires a sizable investment in software.

1 point

• True
• False

4.
Question 4
You should spend a lot of money on your first website as first impressions are important.

1 point

• True
• False

5.
Question 5
It’s hard to know if your marketing money is well spent so you just have to follow your gut.

1 point

• True
• False

6.
Question 6
It’s important to be competitive in your online marketing, so it’s worth having a large SEM budget.

1 point

• True
• False

Conclusion

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