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ESB certification study guide Questions and Answers 100% Correct | Latest 2024
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ESB certification study guide Questions andAnswers 100% Correct | Latest 2024
What is entrepreneurship? - ANSWER Setting up a business with the aim to
make a profit.
A________employee received a set of amount of pay each month without
overtime compensation for extra hours worked. - ANSWER Salary
An example of_______compensation is paying field laborers for the amount of
fruit they pick. - ANSWER Piece work
Employees most affected by minimum wage laws are compensated ________. -
ANSWER Hourly
Life cycle stage 1 - ANSWER Existence
Life cycle stage 2 - ANSWER Survival
Life cycle stage 3 - ANSWER Success
Life cycle stage 4 - ANSWER Take off
Life cycle stage 5 - ANSWER Maturity
, An employee who is paid a percentage of a sale is paid by________. - ANSWER
Commission
Acquire an emphatic understanding of the problem you're trying to solve, typically
through user research. - ANSWER Empathize
Element of Design Thinking Process: State your users' needs and problems -
ANSWER Define
Which is one of the greatest benefits of being an entrepreneur? - ANSWER
Schedule control
Successful Entrepreneurs have mindset that typically possess which 3
characteristics? - ANSWER Responsible, Adaptable, Tenacious
Which two documents summarize the business plan of a company? - ANSWER
Lean Canvas and Pitch Deck
A single page business summary template - ANSWER Lean Canvas
A slide presentation for potential investors that summarize key items of a business
- ANSWER Pitch Deck
Which three characteristics help identify a business opportunity? - ANSWER
Service, Price, Quantity
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