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G-METRIX ESB V.2 - PRACTICE EXAM 1 2024/2025 WITH 100% ACCURATE SOLUTIONS
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G-METRIX ESB V.2 - PRACTICE EXAM 1 2024/2025 WITH 100% ACCURATE SOLUTIONS
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G-METRIX ESB V.2 - PRACTICE EXAM 1 2024/2025 WITH 100%ACCURATE SOLUTIONS
What is Entrepreneurship? - Precise Answer ✔✔Setting up a business
with the aim to make a profit.
clarify several businesses as either B2B or B2C - Precise Answer
✔✔B2B:
•Wholesale flooring distributor
•Purchases requiring a tax exemption certificate
B2C:
•Motorcycle repair shop
•Chain of local grocery stores
You create a legal structure for your small business. Do you would like
some of the benefits of enjoyed by large corporations, but do not want to
be taxed twice. You have four partners who will be shareholders. None
of you plan to sell your ownership shares to the public, but do want to be
protected from business liabilities. Which legal structure should you set
up for your business? - Precise Answer ✔✔S-Corporation
For each statement about owners of equity in a business, select True or
False. - Precise Answer ✔✔True:
• A partner owns equity.
• founders own equity.
, False:
• contractors own equity.
• all stakeholders own equity.
Complete the sentence about Company roles and responsibilities by
selecting the correct option for each drop-down list. - Precise Answer
✔✔An example of PIECE WORK compensation is paying field laborers
for the amount of fruit they pick.
A SALARY employees a receives amount of pay each month without
overtime compensation for extra hours worked.
Employees most affected by minimum wage laws are compensated
HOURLY.
An employee who is paid a percentage of a sale is paid by
COMMISSION.
Place the stages of the business life cycle in the correct order. Move all
of the stages to the answer area and place them in the correct order. -
Precise Answer ✔✔Stage 1: existence
Stage 2: survival of the fittest
Stage 3: success
Stage 4: takeoff
Stage 5: maturity
Match each element of the design thinking process to its corresponding
description. To answer, move each element from the list on the left to it's
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