Startup Flashcards
7 cards from real CAEL practice questions. Tap to flip, then mark Knew It or Still Learning โ missed cards come back until you master them.
Read the first 7 Startup flashcards as text
In academic writing about entrepreneurship, the term 'bootstrapping' most accurately refers to:
Answer: Funding a startup using personal savings and early revenue
Bootstrapping means building a company using personal funds and reinvested earnings rather than external investment.
Which sentence uses the term 'pivot' correctly in a startup context?
Answer: The startup pivoted its core business model after discovering low demand for the original product.
A pivot is a strategic shift in a startup's business model or product direction based on market feedback.
A CAEL reading passage states: 'The venture achieved product-market fit within eighteen months.' What does 'product-market fit' indicate?
Answer: The product successfully satisfies strong market demand
Product-market fit means a product meets real customer needs and has found its target market effectively.
In a CAEL writing task about startup funding, which transition best introduces a contrasting funding challenge?
Answer: Nevertheless, access to seed funding remains limited for minority-led startups.
'Nevertheless' signals contrast and introduces an opposing point, which is appropriate for presenting a funding challenge.
What does 'runway' mean in the context of an academic text discussing startup finances?
Answer: The length of time a startup can operate before exhausting its cash
Runway refers to how many months a startup can sustain operations given its current cash and burn rate.
Which of the following best describes an 'incubator' as used in academic texts on entrepreneurship?
Answer: A program that provides early-stage startups with resources, mentorship, and workspace
Incubators support early-stage companies by offering shared resources, mentorship, and sometimes funding.
A student writes: 'The startup's scalability was its most compelling attribute for investors.' Which word is closest in meaning to 'scalability'?
Answer: Ability to grow rapidly without proportional cost increases
Scalability describes a business's capacity to grow its revenue while keeping costs relatively stable.