Answer these 20 Bootstrapping and Crowdfunding for Resources in Entrepreneurship MCQs and see how sharp is your knowledge of Bootstrapping and Crowdfunding for Resources in Entrepreneurship.
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A. Uncertainty
B. Bootstrapping
C. Functionality
D. None of these
A. Small audience
B. Medium audience
C. large audience
D. None of these
A. Equity Crowdfunding
B. Lending Model
C. Crowdsourcing
D. None of these
A. A crowdfunding model where funds are offered as loans with the expectation that the money will be repaid.
B. A form of crowdfunding that gives investors the opportunity to become shareholders in a company.
C. A crowdfunding model where funds are offered as loans with the expectation that the money will be repaid.
D. None of these
A. Lending Model
B. Investor Model
C. Equity Crowdfunding
D. Patronage Model
A. Lending Model
B. Investor Model
C. Equity Crowdfunding
D. Patronage Model
A. Lending Model
B. Investor Model
C. Equity Crowdfunding
D. Patronage Model
A. Reward-Based Crowdfunding
B. Sweat Equity
C. Angel Investor
D. Accredited Investors
A. Investors who earn an annual income of more than $200,000 or have a net worth of more than $1 million.
B. A non-monetary investment that increases the value or ownership interest created by the investment of hard work for no compensation.
C. A crowdfunding model where backers do not expect any direct return for their donation or investment.
D. None of these
A. patronage
B. lending
C. reward-based
D. investor
A. Prototyping
B. Crowdfunding
C. Bootstrapping
D. Entrepreneurship
A. patronage
B. lending
C. reward-based
D. investor
A. There are no costs associated with crowdfunding.
B. Because it is online, crowdfunding is a quick and easy process.
C. Crowdfunding allows you to keep money within your own community through localized small-amount funding.
D. It can provide you with an idea of the level of enthusiasm and interest in your product or service before launch.
A. To provide customers with a minimum viable product.
B. To save money in creative ways.
C. To enable strategic partnerships with suppliers.
D. To encourage entrepreneurs to network with as many people as possible.
A. Women are more likely to back projects than men.
B. Project backers tend to have an annual income over US$100,000.
C. Project backers tend to be between the ages of 35–49.
D. Project backers usually get stock ownership in exchange for their backing.
A. The increase in value or ownership interest created by someone as a result of hard work.
B. A context for crowdfunding which describes the financial support given by backers without any expectation of a direct return for their donations.
C. Using the Internet to attract, aggregate, and manage ostensibly inexpensive or even free labor from enthusiastic customers and like-minded people.
D. The process of building or starting a business with very little funding or capital or virtually nothing at all.
A. patronage
B. lending
C. reward-based
D. investor
A. Kickstarter does not allow monetary rewards or equity in a company as incentive to back a project.
B. Only startups can use Kickstarter, not established companies.
C. Only companies that are incorporated, not limited liability companies, can launch projects on Kickstarter.
D. The project was not honestly presented.
A. Crowdfunding
B. Sweat equity
C. Crowdsourcing
D. Entrepreneurial practice
A. Using personal credit cards to avoid formal bank loans.
B. Offer discounts to early customers to ensure a consistent cash flow.
C. Borrow from friends and family at low interest rates.
D. Give up your day job in order to focus on the startup full time.
A. not-for-profit crowdfunding
B. independent crowdfunding
C. equity crowdfunding
D. high-tech crowdfunding
A. bootstrap value
B. sweat equity
C. internal financing
D. part-time equity
A. Like crowdfunding, crowdsourcing is a form of bootstrapping, because it is a valuable method of saving money.
B. Crowdsourcing works by drawing on small contributions from a large number of people to fund entrepreneurial ventures.
C. Crowdsourcing focuses on different ways of raising capital for new ventures.
D. Crowdsourcing is effectively a digital form of conducting a focus group.
A. Too many updates to your backers, flooding them with too much information to make decisions.
B. Putting a project on multiple crowdfunding sites at the same time.
C. Not having enough presence on social media, limiting your exposure to potential backers.
D. Not “going with your gut,” but instead listening to “the crowd”.