100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers 2023/2024. CA$15.22   Add to cart
Quickly navigate to
Preview
  2.  
  3. ESB
  4.  
  5. ESB
  6.  
  7. ESB

Exam (elaborations)

ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers 2023/2024.
 29 views  0 purchase
  • Course
  • ESB
  • Institution
  • ESB

ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers 2023/2024. 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 Pu...

[Show more]

Preview 2 out of 8  pages

Document information

  • November 26, 2023
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • what is entrepreneurship
  • for each business select b2b or b2c
  • which legal structure should you set up for your b
  • for each statement about owners of equity in a
  • complete the sentence about company roles

Written for

  • ESB
All documents for this subject (1066)

Seller

avatar-seller
Winfred

Reviews received

Content preview

ESB(Answers for ESB Practice Test Entrepreneurship &
Small Business v.2 - U.S. Practice Exam 1
Training)Questions And Answers 2023/2024.
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

Purchases requiring a tax exemption certificate.

Wholesale flooring distributor.



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.

partner owns equity.



False

All stakeholder owns equity.

Contractors own equity.



Complete the sentence about company roles and responsibilities by selecting the correct option from
each drop-down list. - Correct Answer 1. Piece work

2. Salary

3. Hourly

4. Commission

, Place the stages of the business life cycle in the correct order. - Correct Answer Stage 1. Existence

Stage 2. Survival of the fittest

Stage 3. Success

Stage 4. Take-off

Stage 5. Maturity



Match each element of the Design Thinking Process to its corresponding description. - Correct Answer 1.
Empathize

2. Define

3. Ideate

4. Prototype

5. Test



Successful entrepreneurs have mindsets that typically possess which three characteristics? - Correct
Answer Responsible

Adaptable

Tenacious



Which is one of the greatest benefits of being an entrepreneur? - Correct Answer Schedule control



Which three characteristics help identify a business opportunity? - Correct Answer Service

Price

Quality



What should this entrepreneur do FIRST before offering to design and build water features as part of his
landscaping business? - Correct Answer Ask the customers in the area if they are interested in adding a
water feature to their gardens.



Which two documents summarize business plans of a company? - Correct Answer Lean Canvas

Pitch Deck

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Winfred. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$15.22. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$15.22
  • (0)
  Add to cart