EEE 2023 Gajan Exam 1 Questions With
Correct Answers
Which |one |of |the |following |is |NOT |an |essential |quality |of |an |opportunity? |- |CORRECT |
ANSWER✔✔-It |is |profitable.
Which |one |of |the |following |is |NOT |a |social |trend |that |is |currently |affecting |how |individuals |
behave |and |set |up |priorities? |- |CORRECT |ANSWER✔✔-Passage |of |the |Affordable |Care |Act |
(Obamacare)
________ |in |the |marketplace |are |a |source |of |business |opportunities. |- |CORRECT |ANSWER✔✔-
Gaps
Elon |Musk, |the |founder |of |the |electric |car |company |Telsa |and |co-founder |of |the |solar |panel |
company |SolarCity |is |credited |with |having |a |"sixth |sense" |that |allows |him |to |see |opportunities
|that |others |miss. |This |sixth |sense |that |Elon |Musk |has |is |called |___________. |- |CORRECT |
ANSWER✔✔-entrepreneurial |alertness
John |and |Amy |both |work |in |the |billings |department |of |Acme |Corp. |The |nature |of |their |job |
involves |frequent |interaction |with |each |other |every |working |day. |the |tie |between |John |and |
Amy |is |an |example |of |a |_______ |relationship. |- |CORRECT |ANSWER✔✔-strong-tie
The |number |one |rule |for |a |brainstorming |session |is |that |________. |- |CORRECT |ANSWER✔✔-
no |criticism |is |allowed
A |popular |technique |used |in |classrooms |to |teach |brainstorming |is |called |the |______ |report. |- |
CORRECT |ANSWER✔✔-bug
,Intuit |(which |makes |Quicken |and |Turbo |Tax |products) |routinely |sends |teams |of |testers |to |the |
homes |and |businesses |of |its |users |to |see |how |its |products |are |working |and |to |see |insights |for |
new |product |ideas. |Intuit |uses |_______ |research. |- |CORRECT |ANSWER✔✔-day-in-the-life
The |term |window |of |opportunity |is |a |metaphor |describing |the |__________ |in |which |a |firm |
can |realistically |enter |a |new |market. |- |CORRECT |ANSWER✔✔-time |period
Which |of |the |following |relationships |is |more |likely |to |spark |a |new |idea? |- |CORRECT |
ANSWER✔✔-Weak-tie
________ |analysis |is |the |process |of |determining |whether |a |business |idea |is |viable. |- |CORRECT |
ANSWER✔✔-Feasibility
__________ |research |is |research |collected |by |the |person(s) |completing |the |analysis. |- |
CORRECT |ANSWER✔✔-Primary
________ |research |is |data |collected |that |has |already |been |collected, |generic. |- |CORRECT |
ANSWER✔✔-Secondary
A |____________ |test |involves |showing |a |preliminary |description |of |product |or |service |idea. |- |
CORRECT |ANSWER✔✔-Concept
__________ |bias |is |the |tendency |to |search |for |information |that |validates |one's |preceptions. |- |
CORRECT |ANSWER✔✔-Confirmation
PepsiCo, |Coca-Cola, |Dr. |Pepper, |and |Schweppes |are |a |group |of |firms |that |produce |carbonated |
beverages. |Together, |these |firms |constitute |a(n) |____________. |- |CORRECT |ANSWER✔✔-
industry
, Shelter |Pups |makes |eco-friendly |plush |animals. |The |company |aims |its |product |at |parents |who |
are |willing |to |pay |a |premium |for |super-safe. |environmentally |friendly, |educational |toys. |This |is |
Shelter |Pups' |________. |- |CORRECT |ANSWER✔✔-target |market
In |examining |resource |sufficiency, |the |focus |in |organizational |feasibility |analysis |is |on |
__________ |resources. |- |CORRECT |ANSWER✔✔-nonfinancial
The |most |important |issues |to |consider |in |financial |feasibility |analysis |are |____________, |
financial |performance |of |similar |businesses, |and |the |overall |financial |attractiveness |of |the |
proposed |venture. |- |CORRECT |ANSWER✔✔-total |start-up |cash |needed
Which |of |the |following |is |NOT |a |factor |against |which |a |start-up's |projected |rate |of |return |
should |be |weighted? |- |CORRECT |ANSWER✔✔-The |returns |require |by |the |venture |capital |firms
________ |is |a |template |entrepreneurial |firms |use |to |complete |a |feasibility |analysis. |- |CORRECT
|ANSWER✔✔-First |screen
Which |of |the |following |is |NOT |a |key |area |in |feasibility |analysis? |- |CORRECT |ANSWER✔✔-
Entrepreneurial |feasibility
When |you |do |research |by |conducting |focus |groups, |you |are |conducting |___________ |
research. |- |CORRECT |ANSWER✔✔-primary
A |preliminary |description |of |a |product |or |service |idea |is |called |a(n) |___________. |- |CORRECT |
ANSWER✔✔-concept |statement
"Click |here |to |buy |a |Maui |vacation" |is |an |example |of |a(n) |________ |page. |- |CORRECT |
ANSWER✔✔-landing
Correct Answers
Which |one |of |the |following |is |NOT |an |essential |quality |of |an |opportunity? |- |CORRECT |
ANSWER✔✔-It |is |profitable.
Which |one |of |the |following |is |NOT |a |social |trend |that |is |currently |affecting |how |individuals |
behave |and |set |up |priorities? |- |CORRECT |ANSWER✔✔-Passage |of |the |Affordable |Care |Act |
(Obamacare)
________ |in |the |marketplace |are |a |source |of |business |opportunities. |- |CORRECT |ANSWER✔✔-
Gaps
Elon |Musk, |the |founder |of |the |electric |car |company |Telsa |and |co-founder |of |the |solar |panel |
company |SolarCity |is |credited |with |having |a |"sixth |sense" |that |allows |him |to |see |opportunities
|that |others |miss. |This |sixth |sense |that |Elon |Musk |has |is |called |___________. |- |CORRECT |
ANSWER✔✔-entrepreneurial |alertness
John |and |Amy |both |work |in |the |billings |department |of |Acme |Corp. |The |nature |of |their |job |
involves |frequent |interaction |with |each |other |every |working |day. |the |tie |between |John |and |
Amy |is |an |example |of |a |_______ |relationship. |- |CORRECT |ANSWER✔✔-strong-tie
The |number |one |rule |for |a |brainstorming |session |is |that |________. |- |CORRECT |ANSWER✔✔-
no |criticism |is |allowed
A |popular |technique |used |in |classrooms |to |teach |brainstorming |is |called |the |______ |report. |- |
CORRECT |ANSWER✔✔-bug
,Intuit |(which |makes |Quicken |and |Turbo |Tax |products) |routinely |sends |teams |of |testers |to |the |
homes |and |businesses |of |its |users |to |see |how |its |products |are |working |and |to |see |insights |for |
new |product |ideas. |Intuit |uses |_______ |research. |- |CORRECT |ANSWER✔✔-day-in-the-life
The |term |window |of |opportunity |is |a |metaphor |describing |the |__________ |in |which |a |firm |
can |realistically |enter |a |new |market. |- |CORRECT |ANSWER✔✔-time |period
Which |of |the |following |relationships |is |more |likely |to |spark |a |new |idea? |- |CORRECT |
ANSWER✔✔-Weak-tie
________ |analysis |is |the |process |of |determining |whether |a |business |idea |is |viable. |- |CORRECT |
ANSWER✔✔-Feasibility
__________ |research |is |research |collected |by |the |person(s) |completing |the |analysis. |- |
CORRECT |ANSWER✔✔-Primary
________ |research |is |data |collected |that |has |already |been |collected, |generic. |- |CORRECT |
ANSWER✔✔-Secondary
A |____________ |test |involves |showing |a |preliminary |description |of |product |or |service |idea. |- |
CORRECT |ANSWER✔✔-Concept
__________ |bias |is |the |tendency |to |search |for |information |that |validates |one's |preceptions. |- |
CORRECT |ANSWER✔✔-Confirmation
PepsiCo, |Coca-Cola, |Dr. |Pepper, |and |Schweppes |are |a |group |of |firms |that |produce |carbonated |
beverages. |Together, |these |firms |constitute |a(n) |____________. |- |CORRECT |ANSWER✔✔-
industry
, Shelter |Pups |makes |eco-friendly |plush |animals. |The |company |aims |its |product |at |parents |who |
are |willing |to |pay |a |premium |for |super-safe. |environmentally |friendly, |educational |toys. |This |is |
Shelter |Pups' |________. |- |CORRECT |ANSWER✔✔-target |market
In |examining |resource |sufficiency, |the |focus |in |organizational |feasibility |analysis |is |on |
__________ |resources. |- |CORRECT |ANSWER✔✔-nonfinancial
The |most |important |issues |to |consider |in |financial |feasibility |analysis |are |____________, |
financial |performance |of |similar |businesses, |and |the |overall |financial |attractiveness |of |the |
proposed |venture. |- |CORRECT |ANSWER✔✔-total |start-up |cash |needed
Which |of |the |following |is |NOT |a |factor |against |which |a |start-up's |projected |rate |of |return |
should |be |weighted? |- |CORRECT |ANSWER✔✔-The |returns |require |by |the |venture |capital |firms
________ |is |a |template |entrepreneurial |firms |use |to |complete |a |feasibility |analysis. |- |CORRECT
|ANSWER✔✔-First |screen
Which |of |the |following |is |NOT |a |key |area |in |feasibility |analysis? |- |CORRECT |ANSWER✔✔-
Entrepreneurial |feasibility
When |you |do |research |by |conducting |focus |groups, |you |are |conducting |___________ |
research. |- |CORRECT |ANSWER✔✔-primary
A |preliminary |description |of |a |product |or |service |idea |is |called |a(n) |___________. |- |CORRECT |
ANSWER✔✔-concept |statement
"Click |here |to |buy |a |Maui |vacation" |is |an |example |of |a(n) |________ |page. |- |CORRECT |
ANSWER✔✔-landing
