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Esb Exam 2 Study Guide Questions And Answers 100% Correct!!!
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Esb Exam 2 Study Guide Questions AndAnswers 100% Correct!!!
Economy Pricing - ANSWER✔✔ Prices that targeting customers looking to save as
much money as possible.
What business scenario fits the definition of a small business, according to the
SBA? - ANSWER✔✔ A fast food restaurant that is independently owned and
operated
You need to create a legal structure for you small business. You have plans for it
to grow and hope in the future to sell shares to the public. Your startup partners
are citizens of Mexico and Japan. You do not want to be personally responsible for
business liabilities.
Which legal structure should you set up for your business? - ANSWER✔✔ C-Corp
The highest-ranking employee in the company;reports to the board of directors -
ANSWER✔✔ CEO
Creates budgets, analyzes financial data, and forecasts company profits -
ANSWER✔✔ CFO
Manages the technological requirements of a company. - ANSWER✔✔ CTO
Oversees the day-to-day administrative functions of a business; second in
command. - ANSWER✔✔ COO
, A computer training business needs to hire a consultant for a project to revamp
the training courseware. Once the courseware is revamped, the consultant's
services are complete. Which business compensation structure will pay the
consultant and lead to the smallest payroll tax liability for the business? -
ANSWER✔✔ Contract
Pivot - ANSWER✔✔ Change part of a business model.
Persevere - ANSWER✔✔ Make attempts to scale a business
Exit strategy - ANSWER✔✔ Turn a business over to a family member
Which of these characteristics of a successful entrepreneur mindset? (Choose
two) - ANSWER✔✔ Can tolerate risk and Resilient
You are weighing possible risk in becoming an entrepreneur. Which situation is a
risk of being an entrepreneur? - ANSWER✔✔ Financial instability
What is a primary benefit of starting a new business without purchasing a
franchise or buying an existing business? - ANSWER✔✔ Developing your own
rules.
A______is a multi-page document describing and detailing a business. -
ANSWER✔✔ Business plan
A slide presentation for potential investors that summarizes the kay items of a
business is called a_____. - ANSWER✔✔ Pitch Deck
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