Venture Planning
Entrepreneurial planning includes planning for the _________ and _________ term.
short and long
An economic system where companies are privately-owned, versus being owned by the government, and that assumes companies are built with a purpose of creating economic value through innovation, driven by a profit-motive, and where prices are set by the market via the ebb and flow of supply and demand is:
capitalism
What is 1 example of cybercrimes?
viruses, worms, malware, ransomeware
An organizational chart is also often referred to as a:
chain of command
Which country has the longest coastline in the world?
canada
A SWOT analysis is an analysis of a company's________________________________.
strengths, weaknesses, opportunities, threats
__________________, also known as absolute risk, is when two possibilities exist – loss or no change.
pure risk
A tornado, earthquake, hurricane and/or flood, that can cause great harm to people, property and businesses is a:
natural disaster
When determining financial considerations for a feasibility report, you need to first:
estimate start up costs
Which fast food chain has the most locations around the world?
subway
There are two primary types of planning, strategic and ______________.
operational
When three possibilities exist – gain, loss, or no change – it is called:
speculative risk
Pure risk is difficult to predict and normally occurs ______________, like natural disasters and criminal activity.
randomly
As part of the market analysis for a feasibility study, it’s important to understand how you compare to your _______________.
competition
What is the chemical compound for salt?
NaCl, otherwise known as sodium chloride
Companies use this tool to project anticipated sales:
sales forecast
A process that identifies and tracks risks, and creates a strategy to prepare for, and either lessen the impact of certain risks and threats, or enhance opportunities associated with risks and threats is:
risk mitigation
Labor shortages, employee mistakes, and malicious acts are examples of:
people risk
While doing a feasibility study, make sure you don’t get caught up in ___________________, meaning decision-making and forward progress come to a halt due to over-analyzing and overthinking.
analysis paralysis
What is the closest living relative to the T-Rex?
The chicken
A strategic plan usually covers a span of __________ to __________ years.
3-5
Manufacturing malfunctions and supply disruptions are examples of:
production risk
Inflation and recessions are examples of:
market risk
After writing and completing your feasibility study, using the data and all your findings from your research, what are the 4 possible conclusions?
abandon, delay, move forward, move forward with certain contingencies
Who wrote the James Bond series of books?
Ian Fleming.