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Question

Which of the constellations below forms the most completed venture team description?

Answer 1

Management team, Board of Directors, Founders, Board of Accountants, Financial Officers

Answer 2

Management team, Board of Accountants, Lenders and Investors, Other Professionals (consultants), Lawyer, Accountant, Founders

Answer 3

Management team, Board of Directors, Lenders and Investors, Other Professionals (consultants), Board of Advisors, Key Employees, Founders

Answer 4

Management team, Board of Directors, Accountants Investors, Other Professionals (consultants), Key Employees, Founders

Answer 5

To be my own boss

Answer 6

To be independant

Answer 7

To become rich(er)

Answer 8

Develope own ideas

Answer 9

GEM, Global Entrepreneurship Monitor updates yearly the TEA, Total entrepreneurial activity in different countries

Answer 10

GEM and TEA are two different indexes, Global Entrepreneurial Monitor Index and Total Early stage Entrepreneurial Activity

Answer 11

GEM, Global Entrepreneurship Monitor updates yearly the TEA, Total Early stage Entrepreneurial Activity in different countries

Answer 12

TEA, Transnational Entrepreneurial Activity monitors the GEM, Global Entrepreneurial Monitoring Index

Answer 13

Idea => Feasability analysis => Opportunity

Answer 14

Idea => Opportunity => Feasability analysis

Answer 15

Opportunity => Idea => Feasability analysis

Answer 16

Feasability analysis => Idea => Opportunity

Answer 17

A sole proprietorship requires a capital of minimum 25 000 kr

Answer 18

A public corporation requires a minimum capital of 25 000 kr

Answer 19

A sole proprietorship doesn't require any minimum capital

Answer 20

A private corporation requires a minimum capital of 500 000 SEK

Answer 21

Flash of recognition when the solution to a problem is seen

Answer 22

The stage of the creative process during which an entrepreneur considers the idea or thinks about a problem

Answer 23

Bringing the background, experience and knowledge to recognize an opportunity

Answer 24

The planning stage of the implementation of a business after that an idea has been processed

Answer 25

The stage of the creative process when an idea is analyzed for its viability

Answer 26

The stage of the creative process during which an entrepreneur considers the idea or thinks about a problem

Answer 27

Flash of recognition when the solution to a problem is seen

Answer 28

Bringing the background, experience and knowledge to recognize an opportunity

Answer 29

Entrepreneurial initiatives within a larger exits the company and is continued independently

Answer 30

When units of a larger corporation encourages, allows and applies entrepreneurial conditions for the employees

Answer 31

When two or more entrepreneurial firms interact

Answer 32

An entrepreneurial firm is adopted by and integrated in to a larger corporation

Answer 33

Business models explains how an entrepreneurial initiative will be financed

Answer 34

Business models contains information about the founders and owners of company

Answer 35

A business model is consisting of a marketing plan and a business plan

Answer 36

Business models are used to explain how an entrepreneurial initiative is adding value to customers and to the company

Answer 37

Disruptive business models are characterized by that they have impact on the way business is conducted over a whole industry

Answer 38

Disruptive business models are more common than the standard business models

Answer 39

Disruptive business models require usually product innovations

Answer 40

Disruptive business models are characterized by that they erase the possibilities to continue with business as usual for existing suppliers to a market

Answer 41

A company is either a B2C or a B2B company, not both at the same time

Answer 42

B2B regards business between companies and B2C regards business between a company and a private consumer

Answer 43

A manufacturer of cars intended for final sale to private consumers (for example Volvo Cars) is primarily a B2C company

Answer 44

B2C regards private consumer intended products and services while B2B regards products and services for professional use

Answer 45

The five forces model is used for understanding industry structure

Answer 46

The five forces in the model determine industry profitability

Answer 47

The five forces model was developed by professor E Silverstein in the 1950's

Answer 48

The five forces are a) Rivalry among existing firms b) Threats of new entrants c) Bargaining power of buyers d) Bargaining power of suppliers e) Threats of substitutes

Answer 49

Bicycle sales vs free public transportation

Answer 50

McDonald's vs fine dining

Answer 51

Volvo cars vs Mercedes cars

Answer 52

I-phones vs android phones

Answer 53

Both types of corporations are owned by shareholders, but only shares of a public corporation are traded at public stock markets

Answer 54

Public corporations are owned by the state while private corporations are privately owned

Answer 55

Public corporations are subject to double taxation but private corporations are only single taxed (only profit but not the share dividends are taxed)

Answer 56

Public corporations are subject to supervision by the state while private corporations have no external reporting duties

Answer 57

The strongest bargaining power relates only to which of the parties is the most powerful and have the largest resources

Answer 58

The strongest bargaining power relates to the combination of which of the parties is the largest and the number of alternative parties, i.e. the number of alternative buyers and sellers

Answer 59

Bargaining power of suppliers decreases when there are fewer and bigger suppliers and many small buyers

Answer 60

The strongest bargaining power relates only to the number of alternative parties there are, i.e. the number of alternative buyers and sellers

Answer 61

Private corporations must have a minimum share capital of 50000 kr

Answer 62

In sole proprietorships, all legal and financial responsibility is personal to the owner

Answer 63

In private corporations, the firm and the owners (shareholders) are separated legal entities

Answer 64

For public corporations, there is double taxatation of both the company profit and the shareholders' dividends

Answer 65

Network capability

Answer 66

Relevant industry experience

Answer 67

Level of education

Answer 68

Finance know-how

Answer 69

understanding an industry's structure and to determine industry profitablity

Answer 70

forecasting a company's business results

Answer 71

making business plans

Answer 72

developing business models

Answer 73

Patent, Logotype, Drawings, Documentation

Answer 74

Patent, Trademark, Copyright, Trade secret

Answer 75

Patent, Trademark, Franchise, Trade secret

Answer 76

Patent, Trademark, Copyright, Documents

Answer 77

Cash flow, Investments, Development

Answer 78

Cash flow, Investments, Salaries

Answer 79

Cash flow, Supplier invoices, Salaries

Answer 80

Salaries, cost of materials, Investments

Answer 81

Low cost, Profit sharing, Less legal expenses

Answer 82

Low cost, Income growth, Access to ideas

Answer 83

Low cost, Higher profits, Less legal expenses

Answer 84

Low cost, Less skills required, Less legal expenses

Answer 85

A venture capital tech company making a profit of a billion dollars or more

Answer 86

A venture capital tech company valued at a billion US dollars or more

Answer 87

A venture capital tech company having attracted a billion dollars or more in investment capital

Answer 88

A venture capital backed tech company valued at a billion Swedish kronor or more

Answer 89

A board of advisors in a company is sometimes a legal requirement

Answer 90

Declaring dividends to the company's shareholders is the responsibility of the managing director

Answer 91

It is more common with single founders than multi-founders in new start-ups

Answer 92

A board of directors is always a legal requirement in a shareholders' company

Answer 93

Cash flow management, Price stability, Finding customers, Supplier negotiations

Answer 94

Cash flow management, Price stability, Capital constraints, Quality control

Answer 95

Making profit, Price stability, Finding customers, Supplier negotiations

Answer 96

Quality control, Price stability, Finding customers, Supplier negotiations

Answer 97

Economy of scope is achieved by lowering the variable product cost

Answer 98

Economy of scope is achieved by adding more product variation while economy of scale is achieved by producing more of the same product

Answer 99

Economy of scale is achieved by adding more product variation while economy of scope is achieved by producing more of the same

Answer 100

Economy of scale can only be achieved by increasing the production volume, so that the fixed cost per unit goes down

Answer 101

An "aquisition" is when firms makes an agreement on equal terms to become one firm all together

Answer 102

A "joint venture" means that two firms agree to share resources without forming a new legal unit

Answer 103

A "merger" is when firms makes an agreement on equal terms to become one firm all together

Answer 104

A "strategic alliance" is when firms limit their cooperation to technical and financial developments of products

Answer 105

Differences in input factors (raw materials, labor, capital, knowledge) between countries are a driving force behind international trade

Answer 106

Geographical, social, and cultural factors are important drivers of world trade

Answer 107

International trade policy protection has contributed to a decrease in world trade during the Second World War

Answer 108

The drive for to reach resource efficiency through specialisation is mostly important for large countries free trade

Answer 109

It is not wise to invest in full-scale globalization

Answer 110

The ANSOFF matrix demonstrate different development options and its connected level of risk

Answer 111

Export and Licensing are strategies with low level of investment and risk compared to a Joint Venture

Answer 112

Trade blocs and free trade areas increase trade restrictions

Answer 113

Organizations such as the International Monetary Fund (IMF) and the World Bank (IBRD) are related to GATT

Answer 114

GATT is an acronym for General Acceptance of Trade and Tolls

Answer 115

Red tape barriers are a type of a protective trade policy

Answer 116

GATT regulates cross-border trade in goods through reduced customs duties, trade quotas and other trade barriers

Answer 117

Opponents to free trade advocate more restrictive trade between countries through, among other things, decreased import duties. This is because larger trade barriers, for example, (i) have the potential of increasing government revenue (e.g., through import duties); (ii) protect local employment; and (iii) increase a country's self-sufficiency in terms of industrial production.

Answer 118

Advocates of free trade advocate, among other things, that free trade (i) gives domestic companies a larger market abroad; (ii) increases business efficiency, quality (product, processes, services) and reduces prices; (iii) provides consumers with a richer range of products; and (iv) contributes to world peace.

Answer 119

A positive effect of restricted trade between countries is the higher protection of domestic start-up businesses from powerful foreign competition.

Answer 120

A negative effect of free trade is that the amount of research and development decreases, due to the increased competition between firms and organizations.

Answer 121

The Gender Social Norm Index shows a very large percent of women and men worldwide have a gender social norm bias

Answer 122

The Human Development Index measures sustainability from four dimensions: Political, Educational, Economic, Physical integrity

Answer 123

The Gender Social Norm Index is measured from three dimensions: A decent standard of living, Knowledge, Long and healthy life

Answer 124

The Global Peace Index is measured from the number of deaths in combating countries

Answer 125

The standard “ISO 26000” helps businesses and organizations translate principles into effective actions and shares best practices relating to social responsibility, at a global level.

Answer 126

When you choose the “Fairtrade” product label, you contribute to worsened working and living conditions for growers and employees in developing countries.

Answer 127

The Forest Stewardship Council (FSC) discourages environmentally friendly, socially beneficial, and economically viable use of the world's forests.

Answer 128

Circular economy is a concept, primarily, to enhance social responsibility into the business model

Answer 129

It is the percentage of people 18-64 years old acting as early entrepreneurs

Answer 130

It is a percentage to compare entrepreneurial activity between companies

Answer 131

It is an index that compares the rate of success of entrepreneurs in different countries

Answer 132

It is a way to measure and compare the quality of early entrepreneurial activity in different countries

Answer 133

An SSF is a firm is in practice much like a conventional employment, e.g. one-person companies providing services in the construction industry

Answer 134

An EF is a company that operates commercially as opposed to an SSF that is often a non-profit organisation

Answer 135

An SSF is a firm where the employees are remunerated by other means than a regularely paid salary, for example by sharing the company's profit

Answer 136

An SSF is also called "lifestyle firm", i.e. a firm where you make living and earn money through activities around your personal lifestyle, for example being a golf-pro

Answer 137

1)Entrepreneur 2)Business planning 3)Financing 4)Manage and grow

Answer 138

1)Entrepreneur 2)Business idea and business plan 3)Start a company 4)Manage and grow

Answer 139

1)Business ideas 2)Business planning 3)Financing 4)Manage and grow

Answer 140

1)Business ideas 2)Start a company 3)Business idea and Business plan 3)Financing 4)Manage andgrow

Answer 141

An opportunity is a favorable set of circumstances that creates need for a new type of product or business

Answer 142

An opportunity is always based on solving a problem of potential customers

Answer 143

The window of opportunity is the gap between existing actors on a market where there could be a business opportunity

Answer 144

Identifying opportunity is the step prior to develop an entrepreneurial idea

Answer 145

1)Observing trends 2)Solving problems 3)Develop a better offer than from existing firms

Answer 146

1)Observing trends 2)Solving problems 3)Finding gaps in the market place

Answer 147

1)Find economy of scale or scope possibilities 2)Find suitable disrupted business models 3)Find suitable standard business models

Answer 148

1)Mapping the market 2)Solving problems 3)Finding windows of opportunity

Answer 149

Business models contain information about the founders or owners of the company

Answer 150

Business models describes the relation with customers

Answer 151

Business models are used to explain how an entrepreneurial initiative is adding value to customers and to the company

Answer 152

Business models describe key resources of a company

Answer 153

Low-end market business model is an example of a disruptive business model

Answer 154

Disruptive business models replaces most often existing standard business models

Answer 155

Google Adwords and Uber are examples of standard business models

Answer 156

"Razor and blades" and Bricks and clicks" are examples of disrupted business models

Answer 157

Taxi is a market and city passenger transport is an industry

Answer 158

Airlines is a market and long distance passenger transportation is an industry

Answer 159

Truck operators is an industry and goods transport is a market

Answer 160

City buses is a market and city passenger transportation is an industry

Answer 161

Companies form cartels to hinder new entries to the market

Answer 162

Companies take extreme actions, e.g. they sell below cost, to hinder a new entrant to establish itself on the market

Answer 163

Existing firms go together to form common plans against a new entrant to the market

Answer 164

The force is more liklely to be strong when there are few companies selling to a market

Answer 165

Electric kick bike service vs own walking

Answer 166

Quick electric kick bike service vs. JLT city bus service services

Answer 167

Quick vs. TIER electric kick-bike services

Answer 168

A new start-up company vs an established company

Answer 169

For public corporations, there is double taxatation of both the company profit and the shareholders' dividends

Answer 170

Private corporations must have a minimum share capital of 50000 kr

Answer 171

In sole proprietorships, all legal and financial responsibility is personal to the owner

Answer 172

In private corporations, the firm and the owners (shareholders) are separated legal entities

Answer 173

The board of advisors is legally responsible for the company's actions

Answer 174

The board of directors are key employees appointed to manage the company

Answer 175

The management team is a group of employees responsible for the daily operation of a company

Answer 176

Lenders and investors are the shareholders of a company

Answer 177

Appointing a well balanced board of directors

Answer 178

Simplifying the work of the HR responsible within the company

Answer 179

Appointing a well balanced board of advisors

Answer 180

Forming a suitable balance of competencies among the management team and key employees

Answer 181

It is the same as the dilution rate when more capital is invested by investors

Answer 182

It is the difference between post-money and pre-money

Answer 183

It is the amount of money investors risk to loose

Answer 184

it is the rate at which it needs to spend capital until it becomes profitable

Answer 185

External investors always request to be elected by the original owners to the board of directors

Answer 186

Crowd funding means that customers are requested to add financing of the company with their purchases

Answer 187

Bank loans is the least expensive type of financing, but also the most difficult to get for start-ups

Answer 188

Boot strapping is a form of crowd funding

Answer 189

A grant from one or more national independent patent organizations to get legal support if a patent is infringed

Answer 190

A grant from one or more federal governments giving the right to exclude others to use an invention

Answer 191

None of the alternatives is correct

Answer 192

A registration of an innovation at an independent patent organization

Answer 193

Advantages to be a franchisor are low cost and increased buying power

Answer 194

Typical disadvantages of being a franchisee are lost control and requiring business skills

Answer 195

The franchisee licences its trademark to franchisors

Answer 196

Advantages to be a franchisee are low cost and increased buying power

Answer 197

Utility patents is the least common type of patents

Answer 198

Utility patents are granted for 20 years

Answer 199

Design patent is the most common type patents

Answer 200

Plant patents are the most common type of patents

Answer 201

The volume which is needed to make the company to make a gross margin in the income statement

Answer 202

The volume that is needed to make the company break even

Answer 203

The volume which is needed to cover the direct cost

Answer 204

The volume needed to cover the sales cost

Answer 205

Differences in input factors (raw materials, labor, capital, knowledge) between countries are a driving force behind international trade

Answer 206

Geographical, social, and cultural factors are negligible drivers of world trade

Answer 207

International trade policy protection has contributed to a boost in world trade after the Second World War

Answer 208

The drive for to reach resource efficiency through specialisation is mostly important for large countries free trade

Answer 209

Every country has its own unique trade policy today

Answer 210

GATT was created to handle the WTO regulatory system

Answer 211

World war 1 and 2 increased the world trade due to stronger cooperation between the allies

Answer 212

Red tape barriers are a type of a protective trade policy

Answer 213

In 2020 the Swedish service export was larger than the Swedish export in goods

Answer 214

The most expansive industries are commodity-intensive

Answer 215

International trade is growing twice as fast as commodity production

Answer 216

Raw materials have the largest share of the world trade

Answer 217

Agenda 2030 was adopted in September 2015 of the heads of state and government of the world, through the UN General Assembly

Answer 218

Agenda 2030 was developed by the Brundtland Commission

Answer 219

The 17th goal in Agenda 2030 is about strengthens the global partnership for sustainable development

Answer 220

The United Nation’s (UN) Agenda 2030 aim to eradicate poverty, stop climate change, and create peaceful and secure societies

Answer 221

The Global Peace Index is measured from the number of deaths in combating countries

Answer 222

The Human Development Index measures sustainability from three dimensions: A decent standard of living, Knowledge, Long and healthy life.

Answer 223

The Gender Social Norm Index shows a very large percent of women and men worldwide have a gender social norm bias

Answer 224

The Gender Social Norm Index is measured from four dimensions: Political, Educational, Economic, Physical integrity

Answer 225

The Swan label is the Nordic region's official eco-label and is commissioned by the government

Answer 226

A modern successful business acts in accordance with the principles People, Planet and Profit

Answer 227

UNs Global Compact is an initiative to support companies to align their strategies with universal sustainable principles

Answer 228

The Triple Bottom Line (3 BL) principle The Planet is addressing the business need of social responsibility connecting to health, safety, human rights, business ethics and community involvement

Answer 229

The global reporting initiative (GRI) is a voluntary accounting framework for sustainability in all types of Organizations

Answer 230

In principle, there can be a trade-off or a win-win between a company’s sustainability performance and financial performance

Answer 231

Circular economy is a concept, primarily, to enhance social responsibility into the business model

Answer 232

A good corporate sustainability report should have several quality attributes connected to Clarity, Business benefit connected to the sustainability work, Social benefits achievements, Long-term sustainability goals and have enhanced Credibility

Answer 233

Opportunities always include some sort of innovation

Answer 234

An oppurtunity is characterized by that it is attractive, timely, durable and based on the supply of a product, service or business that adds value for a user or buyer

Answer 235

An opportunity is equal to a gap in the market and the idea is always a product solution

Answer 236

An opportunity is equal to a demand in the market

Answer 237

The business model is one of the more important parts of a business plan

Answer 238

A business model is a firm's plan or recipe on how it creates value for its stakeholders

Answer 239

The Barringer/Ireland business model template is a format for displaying business plan parameters

Answer 240

A business model is a legal requirement in public and private corporations

Answer 241

Business models explains how an entrepreneurial initiative will be financed

Answer 242

Business models are used to explain how an entrepreneurial initiative is adding value to customers and to the company

Answer 243

Business models contain information about the founders or owners of the company

Answer 244

A business model is consisting of a marketing plan and a business plan

Answer 245

"New market disruption" and "Low-end market disruption"

Answer 246

"New market" and "Standard"

Answer 247

"Low cost" and "High price"

Answer 248

"Low-end market disruption" and "High end disruption"

Answer 249

B2C stands for "Business to Commercials"

Answer 250

IKEA and ICA stores are practicing both B2B and B2C

Answer 251

B2B and B2C relates to whether the company's products or services are aimed for use by consumers or by businesses

Answer 252

Selling clothes is almost only and primarily B2C

Answer 253

A market is a group of companies and consumers buying the same type of products or services

Answer 254

A market is a group of companies with similar products or services

Answer 255

An industry is a group of companies with similar products and/or services

Answer 256

An industry is a group of manufacturing companies with similar products

Answer 257

A new start-up company vs an established company

Answer 258

Volkswagen cars vs Audi cars

Answer 259

Fast food vs fine dining

Answer 260

Leasing car vs buy a car

Answer 261

Taxation is on both the sales amount and on the amount on profit

Answer 262

Tax is doubled compared to sole proprietorships

Answer 263

Both profit and share dividend payments to share holders are subject to taxation

Answer 264

Share holders pay tax both on the purchase value of shares and on the profit when selling shares of the company

Answer 265

1)Threat of competitors 2)Threat of new products 3)Rivalry among existing firms 4) Bargaining power from suppliers and buyers 5) Legal forces

Answer 266

1)Threat of substitutes 2)Threat of new entrants 3)Rivalry among existing firms 4) Bargaining power from suppliers 5)Bargaining power from buyers

Answer 267

1)Threat of substitutes 2) Threat of new entrants 3)Rivalry among existing firms 4)Bargaining power 5) Legal and political forces

Answer 268

1)Threat of politics 2)Environmental threats 3)Rivalry among existing firms 4) Bargaining power from suppliers 5)Bargaining power from buyers

Answer 269

Indirect competition is when companies offer different solutions to satisfy the same customer need

Answer 270

Indirect competition is when companies are trying to sell to the same type of product to a customer through a different type of marketing channel, for example via internet vs via a city store

Answer 271

Indirect competition is when a competition is expected in the future from another company

Answer 272

Indirect competition is when companies are offering different business conditions, for example in different price ranges like high end and low end market.

Answer 273

CFO = Chief Financial Officer, CTO = Chief Technology Officer

Answer 274

CEO = Chief Excutive Officer, CTO = Chief Transmission Officer

Answer 275

CEO = Chief Export Officer, CTO = Chief Technology Officer

Answer 276

CEO = Chief Excutive Officer, CTO = Chief Transportation Officer

Answer 277

Typical internal growth strategies are licensing, joint venture and new product developments

Answer 278

Typical external growth strategies are mergers and aquisitions, licensing, strategic alliances and franchising

Answer 279

Typical external growth strategies are international expansion, franchising and other product related strategies

Answer 280

Typical internal growth strategies are new product developments, licensing and joint ventures

Answer 281

Abbreviations of three types of intellectual properties

Answer 282

Abbreviations of three different authorities for patent registrations

Answer 283

Abbreviations for different types of patents

Answer 284

Abbreviations of different legal levels of trademark protections

Answer 285

Organizations such as the International Monetary Fund (IMF) and the World Bank (IBRD) are related to GATT

Answer 286

The IMF and World Bank are United Nations (UN) agencies with the main aim of supporting AGENDA 2030 in the world

Answer 287

GATT is an acronym for General Acceptance of Trade and Tolls

Answer 288

GATT regulates cross-border trade in services through reduced customs duties, trade quotas and other trade barriers

Answer 289

TRIPS is a multilateral agreement on intellectual property, which provides protection for patents, copyrights and trademarks

Answer 290

WTO is a multilateral agreement aimed at trade in goods and is based on the same principles as GATT intended for the service area

Answer 291

Because the WTO is intergovernmental, its power is in the hands of its members. Therefore, the WTO has large power to interfere in its members' policies

Answer 292

The WTO was not established to handle the various regulatory systems GATT, GATS & TRIPS

Answer 293

Licensing allows firms to increase revenues and reduce investment costs risk in comparison to direct export as well as enhance learning and diffuse technologies

Answer 294

Exporting requires relatively low investments and involves a relatively small risk for a company.

Answer 295

Franchising is a contractual arrangement in which a company receives a royalty or fee in exchange for the right to use its trademark, patent, trade secret, or other valuable intellectual property

Answer 296

Strategic alliances and joint ventures are a contractual arrangement in which a company receives a royalty or fee in exchange for the right to use its intellectual property

Answer 297

While companies should be a good corporate citizen, philanthropic responsibilities are of no importance.

Answer 298

Secondary responsibilities of companies are to obey the law and be profitable.

Answer 299

Philanthropic and ethical responsibilities are the primary responsibilities of companies.

Answer 300

Companies have an obligation to do what is right, just, and fair, and to avoid harm.

Answer 301

In principle, there can not be a trade-off or a win-win between a company´s sustainability performance and financial performance

Answer 302

A good corporate sustainability report should have several quality attributes connected to Clarity, Business benefit connected to the sustainability work, Social benefits achievements, Long-term sustainability goals and have enhanced Credibility

Answer 303

The global reporting initiative (GRI) is a mandatory accounting framework for sustainability in all types of Organizations

Answer 304

Regulation can not help companies to detect resource inefficiencies in their operations

Answer 305

Distribution channels

Answer 306

Revenue structure

Answer 307

Competitors

Answer 308

Cost structure

Answer 309

Balance sheet

Answer 310

Key resources

Answer 311

Cost structure

Answer 312

Distribution channels

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