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esb nfte study guide for esb certificate test Question and answers 100% correct 2024
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esb nfte study guide for esb certificate test Question and answers 100% correct 2024 Creativity - correct answer Inventing new ways of doing things; thinking "outside the box" Determination - correct answer Refusing to quit despite obstacles Flexibility - correct answer The ability to a...

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  • August 23, 2024
  • 31
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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esb nfte study guide for esb certificate
test
Creativity - correct answer ✔Inventing new ways of doing things; thinking
"outside the box"


Determination - correct answer ✔Refusing to quit despite obstacles


Flexibility - correct answer ✔The ability to adapt to new situations; a
willingness to change


Responsibility - correct 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 - correct 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. - correct 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.
- correct 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 - correct 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 - correct 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 - correct 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 - correct 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 - correct 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
>55% would pay $40-60 for a 30-minute personal session
>20% would pay $50-75 for a 60-minute group session
>5% would pay $100-150 for a 90-minute personal session


Given the facts provided, which opportunity for Emily's personal training
service would have the highest probability of success?
A. Promote 60-minute gr - correct answer ✔D. Promote 30-minute personal
sessions through social media

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