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ESB Practice Test Questions and Answers 100% Correct | Latest 2024
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ESB Practice Test Questions and Answers 100% Correct | Latest 2024
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ESB Practice Test Questions and Answers100% Correct | Latest 2024
Which two types of information does an income statement provide? - ANSWER
-A classification of revenues & expenses
-A classification of assets and liabilities
The __________ creates budgets and financial strategies - ANSWER chief
financial officer (CFO)
A _______ finds and invests resources to form the company and help it succeed -
ANSWER founder
The ______ reports to the board of directors and is the highest-ranking employee
in the company - ANSWER CEO
You need to create a legal structure for your small business. You work alone, do
not plan to sell stock, and need to protect your personal property. Which legal
structure should you set up for your business? - ANSWER Wholesale is B2B
while retail is B2C
Your company's acquisition cost is too high. Which two actions should you take to
lower the customer acquisition cost choose? (2) - ANSWER -Decrease direct
mail and prints ads
-Increase advertising targeted at new customers
, What are the qualities of an entrepreneurial mindset? - ANSWER Flexible and
resilient
You manufacture racecars. How should you determine performance criteria for
your product? - ANSWER Test an interactive prototype
Which three roles have equity in a business? (Choose 3) - ANSWER -Partner
-Owner
-Stockholder
You decide to create a new type of energy bar. You take some samples to a focus
group to get their reactions to your product. Which stage of the development
process are you in? - ANSWER Market strategy creation
Statements about the product/market fit analysis (t/f)
a.Product/market fit results in low volume sales
b.Repeated use of a product is an indicator of product/market fit
c.A value hypothesis explains why a customer would use a product
d.Product/market fit occurs when you build something that people want -
ANSWER a. False
b. False
c. True
d. True
You have a landscaping business. You have the following financial information for
the month:
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