E.S.B. gmetrix certification
After doing a self-assessment, Peter realizes he wants to start a plumbing
business, but doesn't want to risk alot of his own money. What would be his
best option? - correct answer ✔Purchase an existing business
Besides defining strengths and weaknesses, what is the other main factor
determined during a self-assessment? - correct answer ✔Risk tolerance
Todd wants to open a golf shop. Todd doesn't have any collateral except for
his Ford Pinto. Upon attempting to secure financing from a bank, Todd is
rejected for lack of collateral. Todd then turns to private investors in an effort
to get the business started. What entrepreneurial characteristic is Todd
exhibiting? - correct answer ✔Flexibility
Phyllis owns multiple pet stores. Phyllis opens a new pet store in a growing
area of town but the new store fails and closes after a year. How should
Phyllis best handle this? - correct answer ✔evaluate why the store failed and
use that knowledge for future ventures
Donnie is new to a town that does not have a doggie day care facility. Upon
researching the situation, Donnie decides to open a doggie day care facility.
Which marketing option for this new business should be a point of emphasis?
- correct answer ✔Location
Which entrepreneurial trait best deals with ambiguity? - correct answer
✔Patience
Fran works for a flooring company in a neighboring town. Many of Fran's
customers complain about lack of available flooring companies in the area
and that of those companies, prices are too high. Should Fran decide to open
, a flooring business, what can be a good marketing strategy? - correct answer
✔Lower prices
Which are considered rewards of being an entrepreneur? Choose 3 answers.
- correct answer ✔Bigger community asset, better earnings, working the way
one chooses
Rey has worked as a transportation coordinator for the past 10 years. Rey
often is dissatisfied with the stagnation of the job and wants to open her own
transportation service. Which benefit of entrepreneurship will be the biggest
one for Rey? - correct answer ✔Autonomy
George wants to take his passion for golf and open a golf academy. What
would be benefits George could enjoy from this experience? Choose 2
answers. - correct answer ✔Financial gain, pursing ones passion
Which are traits of a successful entrepreneur? Choose 3 answers. - correct
answer ✔patient, confident, and enthusiastic
Which are considered risks of being an entrepreneur? Choose 3 answers. -
correct answer ✔Long hours, possible business failure, financial instability
Ronnie wants to start a retail outdoor sports store. In the last 10 years, Ronnie
has moved 5 times to 5 different states. What about Ronnie could hamper
potential success for this business. - correct answer ✔Lack of patience
Bruce is an experienced mechanic that grew up in a family of entrepreneurs.
He has decided to open an auto shop that specializes in alignments, repairs,
oil changes, and warranty work for rental fleets, leasing companies and auto
dealerships. Which customer group will Bruce's company support? - correct
answer ✔business
After doing a self-assessment, Peter realizes he wants to start a plumbing
business, but doesn't want to risk alot of his own money. What would be his
best option? - correct answer ✔Purchase an existing business
Besides defining strengths and weaknesses, what is the other main factor
determined during a self-assessment? - correct answer ✔Risk tolerance
Todd wants to open a golf shop. Todd doesn't have any collateral except for
his Ford Pinto. Upon attempting to secure financing from a bank, Todd is
rejected for lack of collateral. Todd then turns to private investors in an effort
to get the business started. What entrepreneurial characteristic is Todd
exhibiting? - correct answer ✔Flexibility
Phyllis owns multiple pet stores. Phyllis opens a new pet store in a growing
area of town but the new store fails and closes after a year. How should
Phyllis best handle this? - correct answer ✔evaluate why the store failed and
use that knowledge for future ventures
Donnie is new to a town that does not have a doggie day care facility. Upon
researching the situation, Donnie decides to open a doggie day care facility.
Which marketing option for this new business should be a point of emphasis?
- correct answer ✔Location
Which entrepreneurial trait best deals with ambiguity? - correct answer
✔Patience
Fran works for a flooring company in a neighboring town. Many of Fran's
customers complain about lack of available flooring companies in the area
and that of those companies, prices are too high. Should Fran decide to open
, a flooring business, what can be a good marketing strategy? - correct answer
✔Lower prices
Which are considered rewards of being an entrepreneur? Choose 3 answers.
- correct answer ✔Bigger community asset, better earnings, working the way
one chooses
Rey has worked as a transportation coordinator for the past 10 years. Rey
often is dissatisfied with the stagnation of the job and wants to open her own
transportation service. Which benefit of entrepreneurship will be the biggest
one for Rey? - correct answer ✔Autonomy
George wants to take his passion for golf and open a golf academy. What
would be benefits George could enjoy from this experience? Choose 2
answers. - correct answer ✔Financial gain, pursing ones passion
Which are traits of a successful entrepreneur? Choose 3 answers. - correct
answer ✔patient, confident, and enthusiastic
Which are considered risks of being an entrepreneur? Choose 3 answers. -
correct answer ✔Long hours, possible business failure, financial instability
Ronnie wants to start a retail outdoor sports store. In the last 10 years, Ronnie
has moved 5 times to 5 different states. What about Ronnie could hamper
potential success for this business. - correct answer ✔Lack of patience
Bruce is an experienced mechanic that grew up in a family of entrepreneurs.
He has decided to open an auto shop that specializes in alignments, repairs,
oil changes, and warranty work for rental fleets, leasing companies and auto
dealerships. Which customer group will Bruce's company support? - correct
answer ✔business
