Question 1

What minimum annual growth rate is characteristic of a high-potential venture opportunity?

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Question 2

The inability to achieve and sustain a position as a ________ producer shortens the life expectancy of a new venture.

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Question 3

What minimum level of after-tax profit potential do venture investors expect to see in a superior opportunity?

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Question 4

In order for an entrepreneur to estimate and communicate sustainable value to potential stakeholders,an opportunity should have a minimum market size of ________.

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Question 5

Abstract thinking-taking out a small bit of information and using it to represent the whole thing-is associated with the ________ side of the brain.

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Question 6

With higher potential businesses,what is the potential payback to the user or customer of a given product or service through cost savings or other value-added or valued-created properties?

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Question 7

The context in which the sale or acquisition of a company occurs is largely driven by the ________ at that particular time.

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Question 8

What is a critical early step to avoid wasting time chasing venture capitalists,angels,and others when there is not a match between the venture the entrepreneur is pursuing and the interests or capacities?

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Question 9

The highly organic and situational nature of the entrepreneurial process underscores the criticality of determining fit and the balancing of what?

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Question 10

Price-cutting and other competitive strategies in highly concentrated markets can present a significant ________ for new entrants.

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Question 11

Spontaneous,facilitated collaboration with no criticisms and negative is a creative group process referred to as ________.

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Question 12

The viable time frame within which a venture can be developed is called the ________.

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Question 13

In general,when do business plans become obsolete?

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Question 14

________ is the process of linking knowledge in one field or marketplace with quite different technical,business,or market know-how from others.

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Question 15

Of utmost importance with new venture creation is the fit of the ________ and the management team with the opportunity.

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Question 16

Ventures that generate after-tax profits of less than ________ percent are quite fragile.

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Question 17

In the 'Circle of Venture Capital Ecstasy',what attracts the "best venture capitalists,board members,and other mentors and advisors" who can add value to the venture?

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Question 18

Superior opportunities solve a significant problem,remove a serious pain-point,or meet a significant want or need--for which someone is willing to pay a _________.

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Question 19

What minimum level of gross margin is characteristic of a superior opportunity?

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Question 20

The attractiveness of an opportunity diminishes when the time to breakeven and achieve positive cash flow exceeds ________ years.

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Quiz 5: The Opportunity: Creating,shaping,recognizing,seizing