{"id":2912,"date":"2023-02-22T21:42:44","date_gmt":"2023-02-22T21:42:44","guid":{"rendered":"https:\/\/course.oeru.org\/ient103\/?page_id=2912"},"modified":"2023-02-22T21:42:44","modified_gmt":"2023-02-22T21:42:44","slug":"quiz","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ient103\/learning-pathways\/valuing-a-new-start-up\/quiz\/","title":{"rendered":"Quiz"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>\n<\/p>\n<div class=\"floatright\"><a href=\"https:\/\/wikieducator.org\/File:Test_sign.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Test sign.jpg\" src=\"\/\/wikieducator.org\/images\/thumb\/e\/eb\/Test_sign.jpg\/320px-Test_sign.jpg\" width=\"320\" height=\"226\" class=\"img-responsive\"><\/a><\/div>\n<p>The questions which follow provide a basic knowledge test of selected concepts covered in this learning pathway: <i>Valuing a new start-up<\/i>.<\/p>\n<p>The questions published at the end of each learning pathway are re-used for the knowledge test for learners interested in earning a digital badge or certificate of participation for the <i>Financing a business start-up<\/i> (IENT103) micro-course. Please consult the <a href=\"https:\/\/wikieducator.org\/Introduction_to_entrepreneurship\/IENT103\/Assessment\/Certify_participation\" title=\"Introduction to entrepreneurship\/IENT103\/Assessment\/Certify participation\">Certify participation page<\/a> for more information.<br style=\"clear:both;\">\n<\/p>\n<div class=\"panel iDevice WEquizMultipleChoice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"assessment\" src=\"https:\/\/course.oeru.org\/ient103\/wp-content\/themes\/oeru_course\/idevices\/Icon_qmark.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>True - false questions<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t\n<p>Indicate whether the following statements are true or false:\n<\/p>\n<ul>\n<li>The EBITDA measure is a measure of a business\u2019s operating performance.\n<ul>\n<li>True\n<ul>\n<li>Correct. This is true.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Incorrect. This is a standard measure of operating performance.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>The terms of financing options are based on the risk\/reward principle\n<ul>\n<li>True\n<ul>\n<li>Correct, this is true.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Incorrect, the risk\/reward principle is the basis for assessing financing options.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Valuing a new start-up business utilises standard methods for evaluating businesses.\n<ul>\n<li>True\n<ul>\n<li>Incorrect. Valuing a new business can be difficult because there are no historical performance records to look at, so methods must be adapted for start-up businesses.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li> Correct.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Low barriers to market entry represent a low risk for investors.\n<ul>\n<li>True\n<ul>\n<li> Incorrect. Low barriers to entry mean that new companies can enter the market easily. This represents a higher risk for investors.\n<\/li>\n<\/ul>\n<\/li>\n<li>False\n<ul>\n<li>Correct.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice WEquizMultipleChoice WEquizMix\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"assessment\" src=\"https:\/\/course.oeru.org\/ient103\/wp-content\/themes\/oeru_course\/idevices\/Icon_qmark.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Multiple choice questions<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t\n<ul>\n<li>What is EBITDA short for?\n<ul>\n<li>Earnings Before Interest, Tax, Debt and Assets\n<ul>\n<li>Try again.\n<\/li>\n<\/ul>\n<\/li>\n<li>Earnings Before Investment, Trading, Deposits and Assets\n<ul>\n<li>Try again.\n<\/li>\n<\/ul>\n<\/li>\n<li>Earnings Before Investment, Tax, Depreciation and Amortization\n<ul>\n<li>Not quite. Have another go!\n<\/li>\n<\/ul>\n<\/li>\n<li>Earnings Before Interest, Tax, Depreciation and Amortization\n<ul>\n<li>Yes, that\u2019s right!\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>According to the IENT103 course, how many start-up businesses are likely to fail?\n<ul>\n<li>2 out of every 5\n<ul>\n<li>Try again.\n<\/li>\n<\/ul>\n<\/li>\n<li>4 out of every 5\n<ul>\n<li>That\u2019s right! This might be discouraging, but remember that there are things you can do to prepare and minimise the risks.\n<\/li>\n<\/ul>\n<\/li>\n<li>1 out of every 5\n<ul>\n<li>Unfortunately, this is too low. Try again.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Which one of the following statements is the best definition of \u2018break-even point\u2019?\n<ul>\n<li>The break-even point is the point at which all bank loans have been repaid\n<ul>\n<li>Try again.\n<\/li>\n<\/ul>\n<\/li>\n<li>The break-even point is the point at which a start-up business enters a new market\n<ul>\n<li>Try again.\n<\/li>\n<\/ul>\n<\/li>\n<li>The break-even point is the point at which total revenue is equal to total expenses\n<ul>\n<li>You\u2019re right! When a company does not make a profit or a loss, it breaks even.\n<\/li>\n<\/ul>\n<\/li>\n<li>The break-even point is the point at which fixed costs are equal to variable costs\n<ul>\n<li>Try again.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Which one of the following statements about pre-money valuation is FALSE?\n<ul>\n<li>Pre-money valuation is the value you quote to a potential venture capitalist or other funding source to get funding for your business\n<ul>\n<li>This is true. It is essentially how you value your business.\n<\/li>\n<\/ul>\n<\/li>\n<li>Pre-money valuation can be based on marketing campaigns\n<ul>\n<li>This is false. Marketing campaigns may bring in more paying customers, which would impact the pre-money valuation, but marketing campaigns in themselves do not determine valuation.\n<\/li>\n<\/ul>\n<\/li>\n<li>Pre-money valuation can be based on the traction of the start-up business\n<ul>\n<li>This is true. Traction is about how long the start-up has been in business, and how fast it is growing (when compared with the competition).\n<\/li>\n<\/ul>\n<\/li>\n<li>Pre-money valuation can be based on brand value\n<ul>\n<li>This is true. Brand value is basically the same as brand awareness and brand recall; how aware consumers are of your start-up, your products, and\/or your services.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/p>\n<p>\n<\/p>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.063 seconds\nReal time usage: 0.070 seconds\nPreprocessor visited node count: 280\/1000000\nPreprocessor generated node count: 1206\/1000000\nPost\u2010expand include size: 24662\/2097152 bytes\nTemplate argument size: 16385\/2097152 bytes\nHighest expansion depth: 10\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:185374-0!*!0!*!*!2!* and timestamp 20230222214243 and revision id 1067326\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/ient103\/learning-pathways\/valuing-a-new-start-up\/outputs-factors-affecting-value-challenge\">\u2190 Previous<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_entrepreneurship\/IENT103\/Valuing\/Quiz\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"e034fc5c487044d610518ad37dd339ac\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_entrepreneurship\/IENT103\/Valuing\/Quiz\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"e034fc5c487044d610518ad37dd339ac\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>The questions which follow provide a basic knowledge test of selected concepts covered in this learning pathway: Valuing a new start-up. The questions published at the end of each learning pathway are re-used for the knowledge test for learners interested in earning a digital badge or certificate of participation for the Financing a business start-up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2892,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2912","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages\/2912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/comments?post=2912"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages\/2912\/revisions"}],"predecessor-version":[{"id":2913,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages\/2912\/revisions\/2913"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/pages\/2892"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/ient103\/wp-json\/wp\/v2\/media?parent=2912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}