Watch this Shark Tank video: https://www.youtube.com/watch?v=Du-w7MXSsJg

1) Acquisitions such as the one described in this video are one example of a company's:

a Joint ventures

b Methods for scaring off competitors

c External growth strategy

d Attempt to capitalize on other brand names

e Internal growth strategy

2) Venture capitalists can typically offer all of the following except:

a Monetary support/investment

b Experiential insights

c Mentorship

d Assistance with closing deals

e Debt-financing

3) Brian and Julie Whiteman, creators of Groovebook, came up with a great new app that does things that no other app provided before. This is an example of __________ and the importance of small business in the U.S. economy.

a innovation

b acquisition

c job creation

d product placement

e contributions to big business

4) Venture capitalists:

a Loan money with a low interest rate

b Are social networks of entrepreneurs

c Invest time as opposed to money

d Loan money with a high interest rate

e Are professional investors with an equity stake or ownership in a growing company

5) Brian and Julie Whiteman, creators of Groovebook, took huge risks to start and run their business. They are great examples of __________.

a silent partners

b entrepreneurs

c intrapreneurs

d extrapreneurs

e venture capitalists

6) Other than venture capitalists, all of the following are alternate sources of financing or funding except:

a Crowd-funding

b Angel investors

c Small business loans

d Corporate venture capitalists

e Sweat equity

7) Shutterfly's primary interest in Groovebook, as stated in the video, was its:

a Tapping into a new market

b Potential profitability

c Presentation and Business Idea

d Access to technological competency

e Pricing structure

8) The video describes how GrooveBook's partnership with ______ greatly benefited the entrepreneurs who started the company.

a Kevin O'Leary

b Shutterfly

c A leading printing company

d Instagram

e Shark Tank

9) One of GrooveBook's primary sources of revenue, or revenue stream, discussed in the video was:

a Subscription services

b Service sales

c Licensing deals

d Website clicks

e Product sales

10) As mentioned in the video, Shark Tank invested in Groovebook because they were seeking a profit due to the potential of the company. Shark Tank can be classified as a(n) __________.

a small business investment company

b SBA funding agency

c angel investor

d venture capital company

e lending institution

11) The 'Shark Tank' is a panel of:

a Entrepreneurs

b Loan sharks

c CEOs of Fortune 500 Companies

d Venture Capitalists

e Entrepreneurs and Venture Capitalists

12) Kevin O'Leary decided to invest in GrooveBook because:

a He is passionate about photography, loved the idea, and the pricing structure

b He owned Shutterfly

c He had strong-tie relationships with the owners

d He knew he wanted to sell the company

e He offered a unique technological competency to the partnership

13) The business partnership ultimately led to:

a A merger with Shutterfly

b The sale of GrooveBook to Kevin O'Leary

c Shutterfly's acquisition

d A huge profit for Shark Tank

e A partnership with Instagram

14) In the video, it was mentioned that Groovebook happened to be in the right place at the right time. Which reason for success is this situation?

a Hard work, drive and dedication

b Luck

c Managerial competence

d Financial competence

e Market demand for the products or services being provided

15) Groovebook was able to exploit an opportunity before anyone else did. They would be classified as having a(n) __________ advantage.

a entry leader

b early adopter

c first-responder

d first-mover

e entrepreneur