GMETRIX ENTREPRENEURSHIP AND SMALL
BUSINESS COMPREHENSIVE TEST 2026
SOLVED QUESTIONS
◉ The owner of a landscaping business has noticed that none of his
competitors are including ponds or other water features in the
gardens they create. The landscaper wants to determine the viability
of this business opportunity. What should this entrepreneur do first
before offering to design and build water features as part of his
landscaping business? Answer: The first thing the business owner
should do is determine if there is a demand for water features. The
best way to do that is ask the customers.
◉ Which two documents summarize the business plan of a company
Answer: Lean canvas and pitch deck
◉ For each statement about the components of business plans and
pitch decks select true or false Answer: True:
• Business plans are text-based documents
• A pitch deck is a visual slide presentation
• The goal of a business plan is to get investors buy-in
• The goal of a pitch deck is to get investors' attention
False:
, • Business plans are highly visual
• A typical pitch deck has between 20-100 slides
◉ Which three elements are required to have a trade secret?
Answer: • information that has economic value because it is not
generally known
• has value to others who cannot legitimately obtain the information
• and is subject to reasonable efforts to maintain at secrecy
◉ You need a photograph to use in a commercial presentation. You
decide to use a photo from creative Commons license and implement
the intellectual property guidelines for reusing the authors work.
Match each creative Commons license time to its useage guideline.
To answer drag each creative Commons type from the column on the
left to its description on the right Answer: Identifies it is a creative
Commons license: CC
Credit must be given to the creator: BY
Adaptations must be shared under the same terms: SA
Only non-commercial uses of the work are permitted: NC
No derivatives or adaptations of the work are permitted: ND
◉ What is a target market? Answer: Customers to whom a company
wants to sell its products and services.
BUSINESS COMPREHENSIVE TEST 2026
SOLVED QUESTIONS
◉ The owner of a landscaping business has noticed that none of his
competitors are including ponds or other water features in the
gardens they create. The landscaper wants to determine the viability
of this business opportunity. What should this entrepreneur do first
before offering to design and build water features as part of his
landscaping business? Answer: The first thing the business owner
should do is determine if there is a demand for water features. The
best way to do that is ask the customers.
◉ Which two documents summarize the business plan of a company
Answer: Lean canvas and pitch deck
◉ For each statement about the components of business plans and
pitch decks select true or false Answer: True:
• Business plans are text-based documents
• A pitch deck is a visual slide presentation
• The goal of a business plan is to get investors buy-in
• The goal of a pitch deck is to get investors' attention
False:
, • Business plans are highly visual
• A typical pitch deck has between 20-100 slides
◉ Which three elements are required to have a trade secret?
Answer: • information that has economic value because it is not
generally known
• has value to others who cannot legitimately obtain the information
• and is subject to reasonable efforts to maintain at secrecy
◉ You need a photograph to use in a commercial presentation. You
decide to use a photo from creative Commons license and implement
the intellectual property guidelines for reusing the authors work.
Match each creative Commons license time to its useage guideline.
To answer drag each creative Commons type from the column on the
left to its description on the right Answer: Identifies it is a creative
Commons license: CC
Credit must be given to the creator: BY
Adaptations must be shared under the same terms: SA
Only non-commercial uses of the work are permitted: NC
No derivatives or adaptations of the work are permitted: ND
◉ What is a target market? Answer: Customers to whom a company
wants to sell its products and services.
