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Written exam will be on Monday, April 12 Written Exam will be all Essay

Guidance for Preparing for Midterm Exam 2 ENTR 120 – The Entrepreneurial Process Section 001 Spring 2010. Written exam will be on Monday, April 12 Written Exam will be all Essay Review your lecture notes and especially the key points identified on the following slides.

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Written exam will be on Monday, April 12 Written Exam will be all Essay

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  1. Guidance for Preparing for Midterm Exam 2ENTR 120 – The Entrepreneurial ProcessSection 001 Spring 2010

  2. Written exam will be on Monday, April 12 • Written Exam will be all Essay • Review your lecture notes and especially the key points identified on the following slides. • Bring your own pen/pencil and paper for the exam

  3. The Illusions of Entrepreneurshiptextbook • Bring the book to the exam. You will be allowed to use the book during the exam. • Chapters 2, 3, 4, 6, 7 • Know what is being said about entrepreneurship in these chapters • Be able to explain how you would use this knowledge of entrepreneurship in order to be more successful as an entrepreneur

  4. Business Topics • Know significant points of each of the seven business topics that were researched by class members and discussed in class • Be able to explain how these seven business topics affect small businesses and entrepreneurs and why business founders need to keep these topics in mind for the start-up and ongoing operations of their businesses

  5. Creating the EnterpriseChapter 4 • Be able to describe the differences among the major forms of business organizations

  6. Creating the EnterpriseChapter 5 • Be able to explain a tort and its importance to enterprisers • Know the types of bankruptcy • Know the legal issues for start-up that every enterpriser should be conscious of • Be able to explain the six essential elements for a contract • Know methods for resolving contract disputes • Know the role of business associations in dealing with government regulations

  7. Creating the EnterpriseChapter 7 • Be able to describe and explain the importance and content of a cash flow statement • Be able to explain the meaning and components of a Business Model • Be able to explain the five forces of competition • Be able to fully explain the Fifth C, Capital

  8. Creating the EnterpriseChapter 8 • Know the format and content of a business plan • Be able to explain the purposes and uses of a business plan

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