ENT 2113 QUIZZES QUESTIONS WITH
CORRECT ANSWERS
The Four Areas of Focus on the Business Model Canvas for this course are: - Answer-
Value Proposition, Customer Segments, Channels & Customer Relationships
The Sole Proprietorship is the most complicated of business entities. - Answer- false
Among the business entities discussed in this course, the one that offers the most
flexibility for the entrepreneur is the ________________. - Answer- Limited Partnership
The two issues that are of most importance when choosing a business entity are liability
and taxation. - Answer- true
Entity Selection will impact the choices for financing that the entrepreneur can pursue. -
Answer- true
The Initial Public Offering or "IPO" of a corporation is a fairly straightforward mechanism
requiring little outside assistance for the entrepreneur. - Answer- false
The US regulatory body that oversees the sale of a corporation's shares is the
_______________. - Answer- SEC
In this course, we have focused upon the "upper right quadrant" of the Business Model
Canvas. The four sections in this quadrant are
__________________________________________. - Answer- Value Proposition,
Customer Segments, Channels, and Customer Relationships
During the semester, we have regularly discussed the DJIA. The "DJIA" stands for the
Dow Jones Institutional Average. - Answer- false
Professor Bolen has regularly stated that entrepreneurship is an "easier" path than
traditional employment. - Answer- false
Failure in entrepreneurship is always seen as a negative. - Answer- false
Crowdfunding has now become, in a limited way, a mechanism for an entrepreneur to
raise capital for their entity...not simply their project. - Answer- true
CORRECT ANSWERS
The Four Areas of Focus on the Business Model Canvas for this course are: - Answer-
Value Proposition, Customer Segments, Channels & Customer Relationships
The Sole Proprietorship is the most complicated of business entities. - Answer- false
Among the business entities discussed in this course, the one that offers the most
flexibility for the entrepreneur is the ________________. - Answer- Limited Partnership
The two issues that are of most importance when choosing a business entity are liability
and taxation. - Answer- true
Entity Selection will impact the choices for financing that the entrepreneur can pursue. -
Answer- true
The Initial Public Offering or "IPO" of a corporation is a fairly straightforward mechanism
requiring little outside assistance for the entrepreneur. - Answer- false
The US regulatory body that oversees the sale of a corporation's shares is the
_______________. - Answer- SEC
In this course, we have focused upon the "upper right quadrant" of the Business Model
Canvas. The four sections in this quadrant are
__________________________________________. - Answer- Value Proposition,
Customer Segments, Channels, and Customer Relationships
During the semester, we have regularly discussed the DJIA. The "DJIA" stands for the
Dow Jones Institutional Average. - Answer- false
Professor Bolen has regularly stated that entrepreneurship is an "easier" path than
traditional employment. - Answer- false
Failure in entrepreneurship is always seen as a negative. - Answer- false
Crowdfunding has now become, in a limited way, a mechanism for an entrepreneur to
raise capital for their entity...not simply their project. - Answer- true
