The IDEO screen consists of asking yourself three questions to help you screen entrepreneurial ideas. Which of the following is not one of those three questions?

Select one:

a. Can the solution really solve the problem, and can we make it?

b. Do customers really want the solution being offered?

c. Is the solution feasible enough to receive funding?

d. Can we make the solution and make money doing it?

Tina runs her consultancy business from her home. Working from home allows her to set her own schedule and take time off at her convenience so that she can be with her family. The fact that Tina gets more time with her family can be categorized as ________ reward.

Select one:

a. credit

b. growth

c. flexibility

d. income

Lily, a restaurant owner, is planning to invest in a multipurpose ZS-13 baking oven. The oven costs $20,000 and will have a useful life of 10 years. The payback each year is $8,000. Assuming that the money is received evenly across the year, what will be the payback period if she decides to purchase the oven?

Select one:

a. 1 year and 5 months

b. 3 years and 3 months

c. 2 years and 1 month

d. 2 years and 6 months

Which of the following is an example of debt financing?

Select one:

a. crowdfunding

b. angels

c. venture capitalists

d. incubators

Juans Auto Repair is preparing its income statement. The report shows sales revenue of $80,000, cost of goods sold at $30,000, and sales, general, and administrative expenses of $25,000. Since Juan uses the single-step format for his income statement, what is Juans net income?

Select one:

a. $55,000

b. $25,000

c. $80,000

d. There is not enough information here to determine Juans net income.