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Terms in this set (20)A ______________ is a quick description of your business that you use to explain it to potential investors. Business Pitch __________________ are the operating expenses that a business must pay regardless of how many sales are made. Fixed Operating Expenses ___________ is a potential group of customers, people, or businesses that are able and willing to purchase a particular product or service. The Market ___________ is an organized way to gather and understand information needed to make informed business decisions based on the potential customers and competitors that exist in the market. Market Research The amount of money that an entrepreneur earns when total costs are subtracted from total sales is called ______________. Profit What does a SWOT analysis evaluate? Strengths, Weaknesses, Opportunities, Threats Which of the following is NOT considered a risk of being an entrepreneur? Providing value to others What is the definition of an entrepreneur? An entrepreneur is someone who creates a business and potentially makes money and runs the business. Which of the following is NOT true about an entrepreneur? An entrepreneur's salary is evaluated based on his ability to complete the tasks assigned to him Which of the following are assests? Time/Car/Money Which of the following is NOT a true statement about business plans? They should never be revised Which of the following is an advantage of starting your own business? You have control over where and when you work What is the main difference between a personal characteristic and a skill? Skills can be learned while characteristics are inherent qualities Select ALL of the following that are skills: People Skills/Communication Skills/Business Skills What role do entrepreneurs play in economics? Entrepreneurs create the businesses that produce products that meet the wants and needs of consumers Which of the following ensures a good idea for a business is an actual business opportunity? The idea solves a unique need or want in the market that a group of customers is willing to buy. Which of the following should you NOT do when collecting and evaluating data on your market? Only look for data that supports your initial idea Which of the following is NOT a way that an entrepreneur could increase the contribution margin or profit of each unit sold? Decrease the monthly fixed expenses for the business Why is it important to use the information gathered from your market research on your target market segment to build your marketing plan? Marketing strategies should be designed to appeal to these potential customers Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas? Judge Each Idea as Realistic or Not Sets with similar termsModule 3 Planning and Building a Business59 terms gracestonee unit 343 terms madisonrenee77 Business & Entrepreneurship Final79 terms aiyanna_a 12 Week Benchmark Entrepreneurship I102 terms mjscantling Sets found in the same folder
Everfi Venture module 1, 2 and 3 Final quizes12 terms n_momoka44 module 234 terms rgfiguer venture module 29 terms Luis_Aguayo9 venture final module 3 test15 terms Answer3000 Verified questionsQUESTION A company is considering two mutually exclusive expansion plans. Plan A requires a $40 million expenditure on a large-scale integrated plant that would provide expected cash flows of$6.4 million per year for 20 years. Plan B requires a $12 million expenditure to build a somewhat less efficient, more labor-intensive plant with expected cash flows of$2.72 million per year for 20 years. The firm’s WACC is 10%. a. Calculate each project’s NPV and IRR. b. Graph the NPV profiles for Plan A and Plan B and approximate the crossover rate. c. Calculate the crossover rate where the two projects’ NPVs are equal. d. Why is NPV better than IRR for making capital budgeting decisions that add to shareholder value? Verified answer
QUESTION If a “typical” firm reports $20 million of retained earnings on its balance sheet, could its directors declare a$20 million cash dividend without having any qualms about what they were doing? Explain your answer. Verified answer QUESTION Assume that yields on U.S. Treasury securities were as follows: $$ \begin{matrix} \text{Term} & \text{Rate}\\ \text{6 monts} & \text{4.69 \\%}\\ \text{1 year} & \text{5.49}\\ \text{2 years} & \text{5.66}\\ \text{3 years} & \text{5.71}\\ \text{4 years} & \text{5.89}\\ \text{5 years} & \text{6.05}\\ \text{10 years} & \text{6.12}\\ \text{20 years} & \text{6.64}\\ \text{30 years} & \text{6.73}\\ \end{matrix} $$ a. Plot a yield curve based on these data. b. What type of yield curve is shown? c. What information does this graph tell you? d. Based on this yield curve, if you needed to borrow money for longer than 1 year, would it make sense for you to borrow short term and renew the loan or borrow long term? Explain. Verified answer QUESTION Brooks Sporting Inc. is prepared to report the following 2016 income statement (shown in thousands of dollars). $$ \begin{matrix} \text{Sales} & \text{\$ 15.300}\\ \text{Operating costs including depreciation} & \text{12.240}\\ \text{EBIT} & \text{\$ 30.60}\\ \text{Interest} & \text{330}\\ \text{EBT} & \text{\$ 2.730}\\ \text{Taxes (40\\%)} & \text{1.092}\\ \text{Net income} & \text{\$ 1.638}\\ \end{matrix} $$ Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 320,000 shares of common stock outstanding, and its stock trades at $37 per share. a. The company had a 25% dividend payout ratio in 2015. If Brooks wants to maintain this payout ratio in 2016, what will be its per-share dividend in 2016? b. If the company maintains this 25% payout ratio, what will be the current dividend yield on the company’s stock? c. The company reported net income of$1.35 million in 2015.Assume that the number of shares outstanding has remained constant.What was the company’s per-share dividend in 2015? d. As an alternative to maintaining the same dividend payout ratio, Brooks is considering maintaining the same per-share dividend in 2016 that it paid in 2015. If it chooses this policy, what will be the company’s dividend payout ratio in 2016? e. Assume that the company is interested in dramatically expanding its operations and that this expansion will require significant amounts of capital. The company would like to avoid transactions costs involved in issuing new equity. Given this scenario, would it make more sense for the company to maintain a constant dividend payout ratio or to maintain the same per-share dividend? Explain. Verified answer Other Quizlet setsEntrepreneurship Review30 terms kathob123 Business Ownership Midterm117 terms Katakidusa Review for Entrepreneurship Test20 terms sophiasippola MGMT 3013 Exam #3 In-Class Game30 terms lordsword Related questionsQUESTION Insurance Sales Corporation gives preferential treatment in hiring and promotion to the members of all protected classes. This treatment results in discrimination of members of the majority. This is: 2 answers QUESTION As the user moves from one stage to the next, they will be brought to the appropriate record. If a related record has not yet been specified, what options can the user take? 2 answers QUESTION Selling involves helping buyers identify problems, offering information about potential solutions, and providing after-sale service to ensure long-term satisfaction. The phrase often used to describe this is: 13 answers QUESTION Human resource management is the management function focused on maximizing the effectiveness of the workforce by recruiting world-class talent, promoting career development, and determining workforce strategies to boost organizational effectiveness. 11 answers Which of the following is a customer need that an entrepreneurship should consider?There are four main customer needs that an entrepreneur or small business must consider. These are price, quality, choice and convenience.
What is the term given to someone who identifies a business opportunity and who is willing to take risks?Definition of entrepreneur
: one who organizes, manages, and assumes the risks of a business or enterprise. Other Words from entrepreneur The Characteristics of an Entrepreneur Example Sentences Learn More About entrepreneur.
What is the definition of an entrepreneur Quizizz?An entrepreneur is someone who creates a business and potentially makes money and runs the business.
Which of the following ensures a good idea for an actual business opportunity to a particular business?Q. Which of the following ensures a good idea for a business is an actual business opportunity? The idea solves a unique need or want in the market that a group of customers is willing to buy.
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Is a potential group of customer people or business that are able and willing to purchase a particular product or service?
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