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 V.2 EXAM 2 QUESTIONS AND ANSWERS GRADED A+ CA$19.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Esb
  4.  
  5. Esb
  6.  
  7. Esb

Exam (elaborations)

ESB V.2 EXAM 2 QUESTIONS AND ANSWERS GRADED A+
 1 view  0 purchase
  • Course
  • Esb
  • Institution
  • Esb

ESB V.2 EXAM 2 QUESTIONS AND ANSWERS GRADED A+ In general, which two characteristics define a "small" business? (Choose two) Fewer then 1,500 employees AND Less than $35.5 million revenue Classify each of the following businesses as either Physical or Digital. Physical: - Bakery in...

[Show more]

Preview 2 out of 8  pages

Document information

  • July 9, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • matc
  • esb v2 exam 2 questions and answers graded a
  • in general which two characteristics define a sm
  • classify each of the following businesses as eithe
  • match each business management role to its corresp

Written for

  • Esb
All documents for this subject (1066)

Seller

avatar-seller
Pogba119

Reviews received

Content preview

ESB V.2 EXAM 2 QUESTIONS AND
ANSWERS GRADED A+


In general, which two characteristics define a "small" business? (Choose two) - answer
Fewer then 1,500 employees

AND

Less than $35.5 million revenue

Classify each of the following businesses as either Physical or Digital. - answer
Physical:
- Bakery in your community
- Hair salon that makes appointments online

Digital:
- Online store that dropships camping gear
- Bookstore on Amazon that sells eBooks

You need to create a legal structure for your small business. You have plans for it to
grow and hope in the future to sell shares to the public. Your startup partners are
citizens of Mexico and Japan. You do not want to be personally responsible for
business liabilities.

Which legal structure should you set up for your business? - answer C-Corporation

Match each business management role to its corresponding description.

To answer, move each role from the list on the left to its description on the right. -
answer COO: Oversees the day-to-day administrative functions of a business;
second in command.

CIO: Develops policies and structures to protect company data.

CFO: Creates budgets, analyzes financial data, and forecasts company profits.

CEO: The highest-ranking employee in the company; reports to the board of directors.

You own a lawn care business. You have employees who work long hours laboring in
good weather, often exceeding 40 hours per week. They also work short hours when

, the weather is bad, sometimes they can't work at all. You do all of the sales for your
business.

Which two types of compensation would be appropriate for these landscape
employees? - answer Salary & Hourly

Match each Stage of the Business Life Cycle to its corresponding description.

To answer, move each stage from the list on the left to its description on the right. -
answer Maturity: The business is separate from the owner with responsibilities
delegated to staff. A business in this stage usually commands a considerable share of
the market and may even be a household name.

Success: Company is stable and profitable.

Takeoff: Expansion strategies are implemented, and investment is balanced with
potential.

Survival of the Fittest: Focus shifts to revenue, expenses, and growth. Cashflow is the
major issue.

Existence: The business introduces itself to the market and attempts to catch the
attention of potential customers.

For each statement about the Design Thinking Process, select True or False. - answer
True:
- Assumptions are challenged and ideas are created in the Ideate phase.
- Problem statements are written in the Define phase.

False:
- The Empathize phase tests solutions to users' problems.
- Building Prototypes is the final phase of the Design Thinking Process.

Which of these is a characteristic of a successful entrepreneur mindset? - answer
Doesn't give up easily

Which is one of the greatest risks of being an entrepreneur? - answer Financial
instability

What is a primary benefit of starting a new business without purchasing a franchise or
buying an existing business? - answer Developing your own rules

A rancher is preparing to retire. He is considering selling half of his land and giving the
other half to his children. He hears that development for a ski resort was just approved
on land adjacent to his property.

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 Pogba119. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$19.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 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$19.49
  • (0)
  Add to cart