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Business notes: ESB V2 Training 1 questions well answers
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Business notes: ESB V2 Training 1which two docs. summarize the business plan of a company? - correct answer ✔✔lean and pitch canvas
Two disadvantages of entrepreneurship? - correct answer ✔✔Not having a promised pay check and not
having enough to pay employees
Two benefits of entrepreneurship? - correct answer ✔✔working with like minded people, and setting
your own work hours
network marketer make their money through_____ - correct answer ✔✔commissions
you own a lawn care business. your employees work long hours laboring, often exceed 40 hours per
week, work short hours on days with bad weather, and sometimes cant work at all. which two types of
compensation would be appropriate. - correct answer ✔✔hourly and salary
what is character of a business opportunity? - correct answer ✔✔seller is required to help the buyer find
an ideal location for the buyer
three disadvantages of selling physical products - correct answer ✔✔Needing storage space, Needing
employees to track the supply, and Shipping and packaging costs
you need to create a structure for your small business. you want the benefits to be enjoyed by large
cops. but don't want to be taxed twice. you have four partners who will be shareholders. none of you
plan on selling ownership shares, but you want to be protected from business liabilities. What legal
structure should you set up? - correct answer ✔✔s corp.
disadvantage of s corp? - correct answer ✔✔There are very strict qualification requirements for
becoming an S corporation
, jane is an investor in a full detail car wash that opened several years ago. she's very happy with the
management of the company after helping to selecting a new CEO. what is janes role. - correct answer
✔✔stockholder
difference in small business owners and entrepreneurs - correct answer ✔✔Small business owners are
not always interested in taking on new business opportunities
characteristic of a successful entrepreneur mindset - correct answer ✔✔doesn't give up easily
A non-profit has a______ status - correct answer ✔✔tax exempt
What is entrepreneurship? - correct answer ✔✔Setting up a business with the aim to make a profit
three characteristics of a successful entrepreneur mindset - correct answer ✔✔Tenacious, Adaptable,
and Responsible
three characters that help identify a business opportunity? - correct answer ✔✔price, quality, service
three elements that are required to have a trade secret - correct answer ✔✔Information has economic
value not generally known, Others cannot legitimately obtain the information, and Subject to reasonable
efforts to maintain its secrecy
what two characteristics define a small business - correct answer ✔✔fewer the 1500 employees
less than 35.5 million dollars in revenue
what is a multi page doc. describing and detailing a business - correct answer ✔✔business plan
single page business summary template - correct answer ✔✔lean canvas
a slide presentation for potential investors that summarizes the key items - correct answer ✔✔pitch
deck
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