9/9/24, 10:26 PM
ESB EXAM Study Guide
Jeremiah
Practice questions for this set
Learn 1 /7 Study with Learn
Lower Prices
Choose matching term
1 Double-taxed, but best for international businesses
The owner of a pet daycare is presenting a plan to investors to expand the facility and promises the
2 center will meet the needs of customers with a variety of schedules. What is a legitimate value
proposition for potential customers?
An entrepreneur has been working for a flooring business in a neighboring town. He feels he is ready
3 to open his own flooring business in his local community. Which should be emphasized in marketing
to attract customers to his new business?
The owner of Quality Electrical is analyzing financial parts of the Income statement including Net
4 Sales, Total Cost of Goods Sold, Gross Profit, Total expenses, Pre-Tax Profit and Net Profit. Match
each figure to the correct calculation in the income statement worksheet
Don't know?
ESB EXAM Study Guide
1/12
, 9/9/24, 10:26 PM
Terms in this set (122)
Flexibility Ability to adapt, willingness to change
Courage Takes risks in spite of possible losses
Empathy Sensitive to thoughts and feelings of others
What are three characteristics of Creativity, Determination, Enthusiasm
entrepreneurs?
After a self-assessment, a potential Buy an existing business that is already successful.
entrepreneur has learned that she has a very
low risk tolerance. Based upon this finding,
which approach might be less stressful for
the entrepreneur to have her own business?
An entrepreneur moves into a small town Location
and notices several stores selling guns and
ammunition. The entrepreneur loves to
compete in competitive shooting events.
Based on the scenario provided, what
should be emphasized in marketing to
attract customers?
An entrepreneur has been working for a Lower Prices
flooring business in a neighboring town. He
feels he is ready to open his own flooring
business in his local community. Which
should be emphasized in marketing to
attract customers to his new business?
Which is one of the greatest benefits of Being your own boss
entrepreneurship?
Which are three risks of entrepreneurship? Long hours, potential business failure, financial insecurity
Gabe has worked as a journeyman Autonomy
electrician for an employer for the past 16
years. He is paid a good salary. His only
dissatisfaction is the hours are long and
often when he requests time off he is denied
because of customer workload.
Which benefit of entrepreneurship will Gabe
most enjoy?
What is a primary benefit of starting a new Developing your own rules
business without purchasing a franchise or
buying an existing business?
A mechanic just graduated from motorcycle Start a new business and invest $50,000 in modern diagnostic tools.
repair school and wants to start a business
because there is a lack of motorcycle repair
shops in the local town. Given the facts
provided, which opportunity would be the
best choice for the motorcycle mechanic to
open a business?
2/12
ESB EXAM Study Guide
Jeremiah
Practice questions for this set
Learn 1 /7 Study with Learn
Lower Prices
Choose matching term
1 Double-taxed, but best for international businesses
The owner of a pet daycare is presenting a plan to investors to expand the facility and promises the
2 center will meet the needs of customers with a variety of schedules. What is a legitimate value
proposition for potential customers?
An entrepreneur has been working for a flooring business in a neighboring town. He feels he is ready
3 to open his own flooring business in his local community. Which should be emphasized in marketing
to attract customers to his new business?
The owner of Quality Electrical is analyzing financial parts of the Income statement including Net
4 Sales, Total Cost of Goods Sold, Gross Profit, Total expenses, Pre-Tax Profit and Net Profit. Match
each figure to the correct calculation in the income statement worksheet
Don't know?
ESB EXAM Study Guide
1/12
, 9/9/24, 10:26 PM
Terms in this set (122)
Flexibility Ability to adapt, willingness to change
Courage Takes risks in spite of possible losses
Empathy Sensitive to thoughts and feelings of others
What are three characteristics of Creativity, Determination, Enthusiasm
entrepreneurs?
After a self-assessment, a potential Buy an existing business that is already successful.
entrepreneur has learned that she has a very
low risk tolerance. Based upon this finding,
which approach might be less stressful for
the entrepreneur to have her own business?
An entrepreneur moves into a small town Location
and notices several stores selling guns and
ammunition. The entrepreneur loves to
compete in competitive shooting events.
Based on the scenario provided, what
should be emphasized in marketing to
attract customers?
An entrepreneur has been working for a Lower Prices
flooring business in a neighboring town. He
feels he is ready to open his own flooring
business in his local community. Which
should be emphasized in marketing to
attract customers to his new business?
Which is one of the greatest benefits of Being your own boss
entrepreneurship?
Which are three risks of entrepreneurship? Long hours, potential business failure, financial insecurity
Gabe has worked as a journeyman Autonomy
electrician for an employer for the past 16
years. He is paid a good salary. His only
dissatisfaction is the hours are long and
often when he requests time off he is denied
because of customer workload.
Which benefit of entrepreneurship will Gabe
most enjoy?
What is a primary benefit of starting a new Developing your own rules
business without purchasing a franchise or
buying an existing business?
A mechanic just graduated from motorcycle Start a new business and invest $50,000 in modern diagnostic tools.
repair school and wants to start a business
because there is a lack of motorcycle repair
shops in the local town. Given the facts
provided, which opportunity would be the
best choice for the motorcycle mechanic to
open a business?
2/12
