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ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers (100% Correct) $12.49   Add to cart

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ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers (100% Correct)

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ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers (100% Correct)

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  • June 23, 2024
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ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S.
Practice Exam 1 Training)Questions And Answers (100% Correct)


What is entrepreneurship? - : Answer✔️✔️-Setting up a business with the aim to make a

profit.

For each business, select B2B or B2C. - : Answer✔️✔️-B2B

Purchases requiring a tax exemption certificate.

Wholesale flooring distributor.



B2C

Motorcycle repair shop.

Chain of local grocery stores.

Which legal structure should you set up for your business? - : Answer✔️✔️-S-Corporation

For each statement about owners of equity in a business, select true or false. - :

Answer✔️✔️-True

Founders own equity.

partner owns equity.
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False

All stakeholder owns equity.

Contractors own equity.

Complete the sentence about company roles and responsibilities by selecting the

correct option from each drop-down list. - : Answer✔️✔️-1. Piece work

2. Salary

3. Hourly

4. Commission

Place the stages of the business life cycle in the correct order. - : Answer✔️✔️-Stage 1.

Existence

Stage 2. Survival of the fittest

Stage 3. Success

Stage 4. Take-off

Stage 5. Maturity

Match each element of the Design Thinking Process to its corresponding description. - :

Answer✔️✔️-1. Empathize

2. Define

3. Ideate

4. Prototype

5. Test

Successful entrepreneurs have mindsets that typically possess which three
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characteristics? - : Answer✔️✔️-Responsible

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