Esb Questions And Answers With
Verified Solutions (Graded A+) Latest
Updated 2024
What is Entrepreneurship? - ANSWER✔✔ Setting up a business with the aim to
make a profit.
For each business, select B2B or B2C. - ANSWER✔✔ B2B- Wholesale flooring
distributor, Purcheases requirin a tax exemption certificate
B2C-Motorcycle repair shop, Chain of local grocery stores
Which legal structure should you set up for your business? - ANSWER✔✔ S-
Corporation
For each statement about owners of equity in a business, select True or False. -
ANSWER✔✔ True- Founders own equity, A partner owns equity.
False- All stakeholder owns equity, Contractors own equity.
Place the stages of the business life cycle in the correct order. - ANSWER✔✔ 1.
Existence
2. Survival of the Fittest
3. Success
4. Take-off
5. Maturity
Match each Element of the Design Thinking Process - ANSWER✔✔ 1. Empathize
, 2.Define
3. Ideate
4. Prototype
5.Test
Successful entrepreneurs have mindset (three) - ANSWER✔✔ Responsible,
Adaptable, Tenacious
Which three characteristics help identify a business opportunity? - ANSWER✔✔ 1.
Service
2. Price
3. Quality
Which two documents summarize the business plan of a company? - ANSWER✔✔
Lean Canvas
Pitch Deck
Which three elements are required to have a Trade Secret? - ANSWER✔✔ 1.
Subject to reasonable efforts to maintain its secrecy
2. Others cannot legitimately obtain the infromation
3. Information has economic value not generally know
Which two are offline marketing platforms? - ANSWER✔✔ 1. TV ads
2. Flyers and Pamphlets
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