Question

fill - in - the - blanks
instructions: while watching domain 1 lesson 2, fill in the missing words according to the information presented by the instructor. references are found in the brackets.

1. characteristics of an entrepreneurial mindset ______ is the amount of loss one is willing to take when making an investment decision.
2. having a ______ mindset means believing that one can accomplish anything through hard work. characteristics of an entrepreneurial mindset
3. an example of an ______ risk is a natural disaster. entrepreneurship risks and benefits
4. a business opportunity is an ______ that lets a buyer start a business. characteristics of a business opportunity
5. a ______ needs to be obtained to use a brand name on products. characteristics of a business opportunity
6. the five factors that determine the viability of a business opportunity are ______, relationships, cash flow management, management skillsets, and passion. viability of a business opportunity
7. a business plan helps a business achieve short - term and long - term ______. business plan, pitch deck, and lean canvas
8. a lean canvas should only be ______ long. business plan, pitch deck, and lean canvas
9. the ______ summary creates the first impression of a business plan. key components of a business plan
10. the ______ plan should specifically be directed to investors and lenders. key components of a business plan
11. a pitch deck is most commonly presented in the form of a ______ presentation. key components of a pitch deck
12. a ______ and value proposition provides a brief overview of a business where one talks about the companys mission and the value provided to customers. key components of a pitch deck
13. a patent protects an ______ from being copied. trademarks, trade secrets, copyrights, and patents
14. trade secrets protect a companys formulas from being shared with ______. trademarks, trade secrets, copyrights, and patents
15. to license a product, one must obtain ______ from the author or creator. using licensed materials
16. confidentiality or ______ agreements are signed by employees, agreeing not to share trade secrets. using licensed materials

Explanation:

1. Risk - tolerance is the amount of loss one is willing to take in investment.
2. Growth mindset implies believing one can achieve through hard - work.
3. External risks include natural disasters.
4. A business opportunity is a situation for starting a business.
5. A trademark license is needed to use a brand name.
6. The five factors are market, competition, relationships, cash - flow management, management skillsets, and passion.
7. A business plan helps in achieving goals.
8. A lean canvas should be one - page long.
9. The executive summary creates the first impression of a business plan.
10. The financial plan is for investors and lenders.
11. A pitch deck is commonly a PowerPoint presentation.
12. A mission statement and value proposition give an overview of a business.
13. A patent protects an invention.
14. Trade secrets protect formulas from competitors.
15. Permission is needed to license a product.
16. Non - disclosure agreements are for confidentiality of trade secrets.

Answer:

1. risk - tolerance
2. growth
3. external
4. opportunity/situation
5. trademark license
6. market, competition
7. goals
8. one - page
9. executive
10. financial
11. PowerPoint
12. mission statement
13. invention
14. competitors
15. permission
16. non - disclosure