1. _______________ is the amount of loss one is willing to take when making an investment decision. [Characteristics of an Entrepreneurial Mindset] 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 company's 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 company's 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]

1 answer

Here are the suggested words for the blanks based on the context provided:

  1. Risk tolerance is the amount of loss one is willing to take when making an investment decision.
  2. Having a growth mindset means believing that one can accomplish anything through hard work.
  3. An example of an external risk is a natural disaster.
  4. A business opportunity is an agreement that lets a buyer start a business.
  5. A license needs to be obtained to use a brand name on products.
  6. The five factors that determine the viability of a business opportunity are market demand, relationships, cash flow management, management skillsets, and passion.
  7. A business plan helps a business achieve short-term and long-term goals.
  8. A lean canvas should only be one page long.
  9. The executive summary creates the first impression of a business plan.
  10. The financial plan should specifically be directed to investors and lenders.
  11. A pitch deck is most commonly presented in the form of a PowerPoint presentation.
  12. A company overview and value proposition provides a brief overview of a business where one talks about the company's mission and the value provided to customers.
  13. A patent protects an invention from being copied.
  14. Trade secrets protect a company's formulas from being shared with competitors.
  15. To license a product, one must obtain permission from the author or creator.
  16. Confidentiality or non-disclosure agreements are signed by employees, agreeing not to share trade secrets.