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ESB V.2 EXAM 2 QUESTIONS WITH ACTUAL ANSWERS.
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ESB V.2 EXAM 2 QUESTIONS WITH ACTUAL ANSWERS.
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ESB V.2 EXAM 2 QUESTIONS WITHACTUAL ANSWERS
In mgeneral, mwhich mtwo mcharacteristics mdefine ma m"small" mbusiness? m(Choose mtwo)
m- mAnswer mFewer mthen m1,500 memployees
AND m
Less mthan m$35.5 mmillion mrevenue
Classify meach mof mthe mfollowing mbusinesses mas meither mPhysical mor mDigital. m-
mAnswer mPhysical: m
- mBakery min myour mcommunity
- mHair msalon mthat mmakes mappointments monline
Digital: m
- mOnline mstore mthat mdropships mcamping mgear
m- mBookstore mon mAmazon mthat msells meBooks
You mneed mto mcreate ma mlegal mstructure mfor myour msmall mbusiness. mYou mhave
mplans mfor mit mto mgrow mand mhope min mthe mfuture mto msell mshares mto mthe mpublic.
mYour mstartup mpartners mare mcitizens mof mMexico mand mJapan. mYou mdo mnot mwant
mto mbe mpersonally mresponsible mfor mbusiness mliabilities. m
Which mlegal mstructure mshould myou mset mup mfor myour mbusiness? m- mAnswer mC-
Corporation
Match meach mbusiness mmanagement mrole mto mits mcorresponding mdescription.
To manswer, mmove meach mrole mfrom mthe mlist mon mthe mleft mto mits mdescription mon
mthe mright. m- mAnswer mCOO: mOversees mthe mday-to-day madministrative mfunctions
mof ma mbusiness; msecond min mcommand.
CIO: mDevelops mpolicies mand mstructures mto mprotect mcompany mdata.
CFO: mCreates mbudgets, manalyzes mfinancial mdata, mand mforecasts mcompany
mprofits.
CEO: mThe mhighest-ranking memployee min mthe mcompany; mreports mto mthe mboard mof
mdirectors.
, You mown ma mlawn mcare mbusiness. mYou mhave memployees mwho mwork mlong mhours
mlaboring min mgood mweather, moften mexceeding m40 mhours mper mweek. mThey malso
mwork mshort mhours mwhen mthe mweather mis mbad, msometimes mthey mcan't mwork mat
mall. mYou mdo mall mof mthe msales mfor myour mbusiness. m
Which mtwo mtypes mof mcompensation mwould mbe mappropriate mfor mthese mlandscape
memployees? m- mAnswer mSalary m& mHourly
Match meach mStage mof mthe mBusiness mLife mCycle mto mits mcorresponding
mdescription. m
To manswer, mmove meach mstage mfrom mthe mlist mon mthe mleft mto mits mdescription mon
mthe mright. m- mAnswer mMaturity: mThe mbusiness mis mseparate mfrom mthe mowner mwith
mresponsibilities mdelegated mto mstaff. mA mbusiness min mthis mstage musually
mcommands ma mconsiderable mshare mof mthe mmarket mand mmay meven mbe ma
mhousehold mname.
Success: mCompany mis mstable mand mprofitable.
Takeoff: mExpansion mstrategies mare mimplemented, mand minvestment mis mbalanced
mwith mpotential.
Survival mof mthe mFittest: mFocus mshifts mto mrevenue, mexpenses, mand mgrowth.
mCashflow mis mthe mmajor missue.
Existence: mThe mbusiness mintroduces mitself mto mthe mmarket mand mattempts mto
mcatch mthe mattention mof mpotential mcustomers.
For meach mstatement mabout mthe mDesign mThinking mProcess, mselect mTrue mor
mFalse. m- mAnswer mTrue: m
- mAssumptions mare mchallenged mand mideas mare mcreated min mthe mIdeate mphase. m
- mProblem mstatements mare mwritten min mthe mDefine mphase. m
False: m
- mThe mEmpathize mphase mtests msolutions mto musers' mproblems. m
- mBuilding mPrototypes mis mthe mfinal mphase mof mthe mDesign mThinking mProcess.
Which mof mthese mis ma mcharacteristic mof ma msuccessful mentrepreneur mmindset? m-
mAnswer mDoesn't mgive mup measily
Which mis mone mof mthe mgreatest mrisks mof mbeing man mentrepreneur? m- mAnswer
mFinancial minstability
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