esb nfte study guide for esb certificate test ques
which three characteristics are possessed by succe
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Esb Nfte Study Guide For Esb Certificate
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Creativity - ANSWER✔✔ Inventing new ways of doing things; thinking "outside the
box"
Determination - ANSWER✔✔ Refusing to quit despite obstacles
Flexibility - ANSWER✔✔ The ability to adapt to new situations; a willingness to
change
Responsibility - ANSWER✔✔ Being accountable for your decisions and actions;
not "passing the buck"
Which three characteristics are possessed by successful entrepreneurs? (Choose
three)
A. Truthful with others
B. Likes to learn
C. Good at mathematics
D. Sees problems as opportunities
E. Confident at public speaking - ANSWER✔✔ A. Truthful with others
B. Likes to learn
D. Sees problems as opportunities
,After a self-assessment, the owner of Tony's Fresh and Hot Pizza Shop realizes
that he lacks the creativity to offer a large menu that competes with gourmet
pizza shops. What is Tony's best strategy for successfully competing despite this
weakness?
A. Promote his fast delivery service of hot pizzas.
B. Wait for gourmet pizza to go out of style.
C. Buy a franchise gourmet pizza shop with a large menu.
D. Start making something other than pizza. - ANSWER✔✔ A. Promote his fast
delivery service of hot pizzas.
After a self-assessment, Zoey has realized that she lacks the outgoing nature
needed to promote her hand-made hats. Based upon this finding, which approach
would best strengthen this weakness in her business model?
A. Be disciplined. Stay focused on deadlines and ensure that her hats are
delivered on time.
B. Be determined. Refuse to quit despite this obstacle with her personal
characteristics.
C. Be creative. Add hand-made gloves and scarfs to expand her product line.
D. Be flexible. Partner with an outgoing person who can promote her product. -
ANSWER✔✔ D. Be flexible. Partner with an outgoing person who can promote
her product.
Martina and Crystal just graduated from a cooking school in a big city. They are
both vegans and enjoy the treats at a vegan bakery downtown. However, traffic is
bad in the city, and it takes them over an hour to drive to the bakery from their
neighborhood. They decide to open a vegan bakery in their part of town.
Based on the scenario provided, what should they emphasize in marketing to
attract customers to their shop?
,A. Cooking school education
B. Convenient location
C. Variety of baked goods
D. Quality service - ANSWER✔✔ B. Convenient location
Shauna works at a restaurant. She wants to own her own restaurant someday.
Which is one of greatest risks of entrepreneurship?
A. Less challenges
B. Loss of flexibility in schedule
C. Less freedom
D. Loss of investment - ANSWER✔✔ C. Less freedom
Which are three of the greatest rewards of entrepreneurship? (Choose three)
A. Final say in business decisions
B. Predictable schedule
C. Independence
D. Financial security
E. Personal satisfaction - ANSWER✔✔ A. Final say in business decisions
C. Independence
E. Personal satisfaction
Sara has been the lead programmer for a software company for five years. She is
respected, and enjoys working with her team, but her salary is lower than the
industry average. Over the years, several team members left and started their
own software company. They found quick success and are now very wealthy. Sara
has decided to leave and start her own software business.
, Which reward of entrepreneurship is Sara most interested in gaining?
A. Making her own rules
B. Doing work she enjoys
C. Helping her community
D. Creating greater wealth - ANSWER✔✔ D. Creating greater wealth
Jaden has saved up enough money that he can pursue his dream of owning a
business. It took a lot of time and hard work to finally have this opportunity.
Jaden wants to start a business with the lowest risk of failure. What should he
choose to do?
A. Become an inventor
B. Start a new business
C. Buy an independent business
D. Buy a franchise - ANSWER✔✔ C. Buy an independent business
Emily has recently earned a certification in personal training. She is researching
the business options available for this type of service.
-When 100 potential customers were surveyed, they provided the following
responses:
>30% would hire a trainer based on referrals from a health club
>10% would hire a trainer through a corporate wellness program
>40% would hire a trainer based on promotion through social media
>20% would hire a trainer through a website.
-The customers reported that they are willing to spend the following amounts on
a personal trainer:
>20% would pay $25-30 for a 30-minute group session
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