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Unit 4 - Practice Quiz

ERT425

1 What is the primary function of Generative AI in the context of entrepreneurship idea generation?

A. To execute legal contracts automatically
B. To generate new content, ideas, and patterns based on training data
C. To replace human employees entirely
D. To physically manufacture prototypes

2 In the context of AI tools, what is a prompt?

A. A software update
B. The output generated by the AI
C. The specific text input or instruction given to the AI to elicit a response
D. The monthly subscription fee for the tool

3 Which of the following creates a visual representation of hierarchical information, often used for brainstorming around a central concept?

A. Spreadsheet modeling
B. Mind mapping
C. Linear coding
D. Double-entry bookkeeping

4 Which AI tool is primarily known as a Large Language Model (LLM) useful for conversational brainstorming and drafting business plans?

A. Midjourney
B. ChatGPT
C. Excel
D. Photoshop

5 When using AI for mind mapping, what is a key advantage over traditional manual mind mapping?

A. It requires no electricity
B. It automatically suggests related sub-topics and expands branches
C. It is slower and more deliberate
D. It does not require a digital device

6 What is a potential risk known as 'hallucination' when using AI for business research?

A. The AI generates content that is confident but factually incorrect
B. The AI refuses to answer the question
C. The AI crashes the computer
D. The AI charges the credit card automatically

7 Which specific AI tool allows users to generate realistic images for product prototypes or branding based on text descriptions?

A. Grammarly
B. Midjourney
C. Audacity
D. Trello

8 How can AI assist in the SWOT analysis phase of business planning?

A. By filing taxes automatically
B. By hiring staff
C. By analyzing market trends to suggest potential Strengths, Weaknesses, Opportunities, and Threats
D. By physically securing the office building

9 Which of the following is an AI-powered tool specifically designed to help generate business names and brand identities?

A. Namelix
B. Zoom
C. Slack
D. Dropbox

10 What is the 'Central Node' in a digital mind map?

A. The delete button
B. The core idea or main topic from which all other ideas radiate
C. The footer of the page
D. The export function

11 Which thinking technique is best supported by AI's ability to generate hundreds of ideas in seconds?

A. Convergent thinking
B. Divergent thinking
C. Linear thinking
D. Critical thinking

12 Which tool is known for combining mind mapping with task management and AI-generated checklists?

A. Taskade
B. VLC Player
C. WinRAR
D. Calculator

13 When validating a business idea, what is the purpose of using a tool like ValidatorAI?

A. To generate a logo
B. To provide objective criticism and potential challenges for a business idea
C. To register the domain name
D. To open a bank account

14 Which prompting technique involves improving the AI's output by providing feedback and asking for revisions?

A. One-shot prompting
B. Iterative prompting
C. Zero-shot prompting
D. Binary coding

15 In the context of AI mind mapping, what does 'Branch Expansion' refer to?

A. Deleting the mind map
B. Adding deeper levels of detail or sub-topics to a parent node
C. Printing the map
D. Closing the software

16 Which of the following is NOT a benefit of using AI for idea generation?

A. Overcoming writer's block
B. Speed of idea production
C. Guaranteed legal ownership of all outputs worldwide
D. Access to diverse perspectives based on vast data

17 Which AI feature in tools like Canva helps entrepreneurs visualize their marketing ideas quickly?

A. Magic Media (Text-to-Image)
B. Spreadsheet calculation
C. Email sorting
D. Database management

18 What is a 'Persona' in business planning, and how can AI help create it?

A. A fictional character representing a target customer segment; AI can generate detailed demographic and behavioral profiles
B. A legal document; AI can sign it
C. A marketing budget; AI can spend it
D. A competitor; AI can destroy it

19 Which AI tool by Google allows for multimodal input (text, images, and code) to generate business insights?

A. Gemini
B. WordPerfect
C. Paint
D. Yahoo Messenger

20 In a mind map, what relationship do lines (or edges) represent?

A. No relationship
B. The connection or association between concepts
C. The end of the project
D. Financial costs

21 What is the advantage of using AI to generate a Lean Canvas?

A. It ensures the business will be profitable
B. It can quickly fill in standard business model blocks (like Value Proposition) for review
C. It eliminates the need for a product
D. It connects directly to the stock market

22 Which tool uses AI to help with copywriting for landing pages and ad ideas?

A. Copy.ai
B. Blender
C. AutoCAD
D. Unity

23 What does the term 'Iterative Refinement' mean in the context of AI idea generation?

A. Accepting the first result provided
B. Using the AI once and never again
C. Continuously tweaking prompts and outputs to polish and improve the idea
D. Deleting all data

24 Which platform is known for 'Collaborative Whiteboarding' where teams can use AI to group sticky notes?

A. Miro
B. Notepad
C. Terminal
D. Calculator

25 When using AI for market research, what is a PESTLE analysis?

A. A cooking recipe
B. An analysis of Political, Economic, Social, Technological, Legal, and Environmental factors
C. A type of software bug
D. A marketing slogan generator

26 Why is formatting (e.g., asking for a table or list) important in AI prompts for planning?

A. It makes the AI run faster
B. It structures the unstructured data into a usable, readable format for business use
C. It is required by law
D. It reduces the cost of the query

27 Which of the following is a key benefit of using Ayoa for mind mapping?

A. It is a video editing tool
B. It combines mind mapping with AI-driven task management and neuro-inclusive design
C. It is a specialized accounting software
D. It is used only for coding

28 What is the concept of 'Combinatorial Creativity' supported by AI?

A. Copying one idea exactly
B. Merging two or more unrelated concepts to create a novel innovation
C. Deleting old ideas
D. Storing files in the cloud

29 Which AI capability is most useful for summarizing long market research reports into key insights?

A. Natural Language Processing (NLP)
B. Computer Vision
C. Robotics
D. 3D Printing

30 How does XMind AI enhance the traditional mind mapping process?

A. By playing music
B. By allowing users to generate ideas and expand topics with a single click using AI copilot
C. By printing paper maps automatically
D. By managing payroll

31 What is the primary role of an entrepreneur when working with AI for idea generation?

A. Passive observer
B. Curator and decision maker
C. Data entry clerk
D. Manual laborer

32 Which tool would be best for creating a visual Mood Board for a new fashion brand using AI?

A. Excel
B. Pinterest (with AI recommendations) or Canva
C. Notepad
D. MySQL

33 In the context of AI tools like Jasper.ai, what is a 'Brand Voice'?

A. The volume of the computer speakers
B. A configuration setting that ensures generated text matches the company's tone and style
C. The audio recording of the CEO
D. The name of the company

34 What is 'Blue Ocean Strategy' brainstorming with AI?

A. Planning a fishing trip
B. Asking AI to identify uncontested market spaces where competition is irrelevant
C. Designing a blue logo
D. Copying the market leader

35 Which of the following is a Constraint-Based prompting technique?

A. "Tell me anything about business."
B. "Give me a business idea using only $500 startup capital and utilizing recycled materials."
C. "Write a book."
D. "Generate an image."

36 What is the benefit of using AI to simulate 'The Six Thinking Hats' technique?

A. It can physically wear hats
B. It can adopt different personas (optimistic, critical, emotional) to evaluate an idea from multiple angles
C. It selects fashion accessories
D. It slows down the process

37 Which AI tool allows you to upload a PDF of a business book and 'chat' with it to extract ideas?

A. ChatPDF
B. Spotify
C. YouTube
D. Instagram

38 How does AI aid in Competitor Analysis?

A. By hacking competitor websites
B. By aggregating public data to compare pricing, features, and customer reviews instantly
C. By creating fake reviews
D. By blocking competitor emails

39 What is Prompt Engineering?

A. Building physical robots
B. The art and science of crafting inputs (prompts) to get the best possible output from Generative AI
C. Fixing computer hardware
D. Developing software code in C++

40 In a mind map, what is a 'Floating Topic'?

A. A topic that is currently being deleted
B. An idea that is not yet connected to the main hierarchy but is relevant to the brainstorm
C. A topic in the cloud
D. A 3D image

41 Which AI tool focuses specifically on generating logo designs based on brand preferences?

A. Looka
B. Word
C. Excel
D. Outlook

42 What does 'SCAMPER' stand for, and how can AI apply it?

A. Substitute, Combine, Adapt, Modify, Put to another use, Eliminate, Reverse
B. Select, Create, Add, Make, Put, End, Run
C. Simple, Clean, Art, Map, Plan, Eat, Rest
D. System, Code, API, Model, Program, Error, Run

43 Why is Claude (by Anthropic) often cited as good for analyzing large business documents?

A. It has a large 'Context Window' allowing it to process more text at once
B. It is the only AI that exists
C. It is offline software
D. It creates videos only

44 Which aspect of planning helps visualize the chronological order of a project?

A. Mind Map
B. Gantt Chart
C. Pie Chart
D. Scatter Plot

45 What is the 'Freemium' model in the context of using AI tools?

A. The tool is always free forever
B. Basic features are free, but advanced features (like higher resolution or unlimited prompts) cost money
C. The tool pays you to use it
D. The tool is only available to students

46 When using AI for Value Proposition Design, what is the AI trying to match?

A. Customer Profile (Pains/Gains) with Value Map (Pain Relievers/Gain Creators)
B. Hardware with Software
C. Income with Expenses
D. Employees with Employers

47 What is a major ethical concern regarding Generative AI in business?

A. It uses too much electricity
B. Bias in training data leading to discriminatory outputs
C. It is too cheap
D. It makes work too easy

48 Which feature effectively turns a Mind Map into a Project Plan?

A. Adding colors
B. Assigning due dates and owners to nodes
C. Printing it
D. Zooming in

49 What is Whimsical in the context of business planning tools?

A. A game for children
B. A collaborative visual workspace for flowcharts, wireframes, and mind maps
C. A music player
D. A coding language

50 How can AI assist in 'Gap Analysis'?

A. By measuring physical distances
B. By identifying the difference between the current state of the business and the desired future state
C. By fixing gaps in clothing
D. By deleting missing files