ESB
What is Entrepreneurship? - correct answer ✔Setting up a business with the
aim to make a profit.
For each business, select B2B or B2C. - correct answer ✔B2B- Wholesale
flooring distributor, Purcheases requirin a tax exemption certificate
B2C-Motorcycle repair shop, Chain of local grocery stores
Which legal structure should you set up for your business? - correct answer
✔S-Corporation
For each statement about owners of equity in a business, select True or
False. - correct answer ✔True- Founders own equity, A partner owns equity.
False- All stakeholder owns equity, Contractors own equity.
Place the stages of the business life cycle in the correct order. - correct
answer ✔1. Existence
2. Survival of the Fittest
3. Success
4. Take-off
5. Maturity
Match each Element of the Design Thinking Process - correct answer ✔1.
Empathize
2.Define
3. Ideate
4. Prototype
, 5.Test
Successful entrepreneurs have mindset (three) - correct answer
✔Responsible, Adaptable, Tenacious
Which three characteristics help identify a business opportunity? - correct
answer ✔1. Service
2. Price
3. Quality
Which two documents summarize the business plan of a company? - correct
answer ✔Lean Canvas
Pitch Deck
Which three elements are required to have a Trade Secret? - correct answer
✔1. Subject to reasonable efforts to maintain its secrecy
2. Others cannot legitimately obtain the infromation
3. Information has economic value not generally know
Which two are offline marketing platforms? - correct answer ✔1. TV ads
2. Flyers and Pamphlets
Which three are segments in a Marketing Plan? - correct answer
✔Demographic
Behavioral
Geographic
What is Entrepreneurship? - correct answer ✔Setting up a business with the
aim to make a profit.
For each business, select B2B or B2C. - correct answer ✔B2B- Wholesale
flooring distributor, Purcheases requirin a tax exemption certificate
B2C-Motorcycle repair shop, Chain of local grocery stores
Which legal structure should you set up for your business? - correct answer
✔S-Corporation
For each statement about owners of equity in a business, select True or
False. - correct answer ✔True- Founders own equity, A partner owns equity.
False- All stakeholder owns equity, Contractors own equity.
Place the stages of the business life cycle in the correct order. - correct
answer ✔1. Existence
2. Survival of the Fittest
3. Success
4. Take-off
5. Maturity
Match each Element of the Design Thinking Process - correct answer ✔1.
Empathize
2.Define
3. Ideate
4. Prototype
, 5.Test
Successful entrepreneurs have mindset (three) - correct answer
✔Responsible, Adaptable, Tenacious
Which three characteristics help identify a business opportunity? - correct
answer ✔1. Service
2. Price
3. Quality
Which two documents summarize the business plan of a company? - correct
answer ✔Lean Canvas
Pitch Deck
Which three elements are required to have a Trade Secret? - correct answer
✔1. Subject to reasonable efforts to maintain its secrecy
2. Others cannot legitimately obtain the infromation
3. Information has economic value not generally know
Which two are offline marketing platforms? - correct answer ✔1. TV ads
2. Flyers and Pamphlets
Which three are segments in a Marketing Plan? - correct answer
✔Demographic
Behavioral
Geographic
