1) In Failure and entrepreneurship, what is the alternative word for failure? 2) Pitch deck is the first communication instrument that provides overview of the business.  TRUE or FALSE 3) Business chart canvas is a visual chart with elements describing business or products value proposition, infrastructure, customers and finances. TRUE or FALSE 4) Business model, the Product, solution and management team are inclusions in the _________? 5) A planning tool that identifies the types of people needed for the team, the resources available and needed, the details of the idea, and the potential market for the product or service. 6) Every failure offers invaluable lessons. TRUE or FALSE 7) After his unsuccessful ideas he started NeXT which turned out to be a huge success which was the reason he got back to Apple as a CEO. 8) Gates entered the entrepreneurial scene with a company called ___________, whose purpose was to _______ and analyze the data from traffic tapes 9) Failure is an unnecessary part of the entrepreneurial experience and can't be a stepping stone on the way to achieving future success in business. TRUE or FALSE 10) A business plan is difficult, time-consuming and based on proven assumptions. TRUE or FALSE 11) How many elements does a feasibility study have? 12) Persistence is ____. 13) The first animation company formed by Walt Disney which eventually forced to close. 14) A business brief is an assessment of the viability of a proposed project or system. TRUE or FALSE 15) A quick and rough estimation in of a business or product idea. 16) Team helps entrepreneurs identify what people resources do you use beyond the founding team. TRUE or FALSE 17) Truth in failure that encourages entrepreneurs to explore and innovate 18) One of the most creative geniuses of the 20th century was once fired from a newspaper because he was told he lacked creativity. 19) Financial statement is one of the elements of feasibility study. TRUE or FALSE 20) ______________ measure the progress with what has planned. Often the outcome of goals change as time passes that leads to mixed-up. 21) Planning helps identify _________________ early by analyzing factors that could impact business operations, such as regulatory approvals, financial constraints, or market conditions. 22) ______________ measure the progress with what has planned. Often the outcome of goals change as time passes that leads to mixed-up. 23) One advantage of planning is that it improves __________, helping individuals make smarter financial decisions. 24) Founder of Ford Motor company that says "Failure is simply the opportunity to begin again, this time more intelligently" 25) A reason for failure in business wherein entrepreneurs underestimate their competitors 26) A plan offers success in cases of uncertainties and provides less room to make mistakes and fail. TRUE or FALSE 27) It is basically suicidal to start a business with insufficient capital. TRUE or FALSE

UNIT 8 (activity 12/2)

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