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Entrepreneurship and Small Business Certification Bundled Exams with complete solution
Entrepreneurship and Small Business Certification Bundled Exams with complete solution
[Montrer plus]Entrepreneurship and Small Business Certification Bundled Exams with complete solution
[Montrer plus]Elements of the Design Thinking Process - Stage 1: Emphasize- Research Your Users' Needs 
Stage 2: Define- State Your Users' Needs and Problems 
Stage 3: Ideate- Challenge Assumptions and Create Ideas 
Stage 4: Prototype- Start to Create Solutions 
Stage 5: Test- Try Your Solutions Out 
Difference...
Aperçu 2 sur 13 pages
Ajouter au panierElements of the Design Thinking Process - Stage 1: Emphasize- Research Your Users' Needs 
Stage 2: Define- State Your Users' Needs and Problems 
Stage 3: Ideate- Challenge Assumptions and Create Ideas 
Stage 4: Prototype- Start to Create Solutions 
Stage 5: Test- Try Your Solutions Out 
Difference...
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 your community 
- Hair salon that makes appointments ...
Aperçu 2 sur 11 pages
Ajouter au panierIn 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 your community 
- Hair salon that makes appointments ...
What is entrepreneurship? - Setting up a business with the aim to make a profit. 
For each business, select B2B or B2C. - B2B 
Purchases requiring a tax exemption certificate. 
Wholesale flooring distributor. 
B2C 
Motorcycle repair shop. 
Chain of local grocery stores. 
Which legal structure should...
Aperçu 2 sur 7 pages
Ajouter au panierWhat is entrepreneurship? - Setting up a business with the aim to make a profit. 
For each business, select B2B or B2C. - B2B 
Purchases requiring a tax exemption certificate. 
Wholesale flooring distributor. 
B2C 
Motorcycle repair shop. 
Chain of local grocery stores. 
Which legal structure should...
C Corporation - Double taxed, shareholders and corporation, great for international businesses 
S Corporation - Lower tax, pay on personal income only, like the C corporation but for smaller 
businesess. 
LLC - great for individuals with low risks 
nonprofit organization - owned by no one, no tax pa...
Aperçu 1 sur 1 pages
Ajouter au panierC Corporation - Double taxed, shareholders and corporation, great for international businesses 
S Corporation - Lower tax, pay on personal income only, like the C corporation but for smaller 
businesess. 
LLC - great for individuals with low risks 
nonprofit organization - owned by no one, no tax pa...
Domain 1 Lesson 1 
The key objective of a small business owner is to generate ____ - profits 
Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses 
rapidly - risks 
Tangible items that require pick-up or delivery are ____ products - physical 
When a ____ p...
Aperçu 3 sur 20 pages
Ajouter au panierDomain 1 Lesson 1 
The key objective of a small business owner is to generate ____ - profits 
Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses 
rapidly - risks 
Tangible items that require pick-up or delivery are ____ products - physical 
When a ____ p...
In general, which characteristics define a "small" business? - - fewer than 1,500 employees 
- less than $35.5 million revenue 
classify each of the following as either physical or digital - PHYSICAL: 
- bakery in your community 
- hair salon that makes appointments online 
DIGITAL: 
- online stor...
Aperçu 2 sur 10 pages
Ajouter au panierIn general, which characteristics define a "small" business? - - fewer than 1,500 employees 
- less than $35.5 million revenue 
classify each of the following as either physical or digital - PHYSICAL: 
- bakery in your community 
- hair salon that makes appointments online 
DIGITAL: 
- online stor...
Quality - _______ is measured by how well the product or service successfully serves its users' 
purpose. 
E-commerce sales and door-to-door sales - What are two examples of direct distribution 
channels? 
Middlemen - Indirect distribution channels use _______ to sell their products to the end 
cus...
Aperçu 2 sur 7 pages
Ajouter au panierQuality - _______ is measured by how well the product or service successfully serves its users' 
purpose. 
E-commerce sales and door-to-door sales - What are two examples of direct distribution 
channels? 
Middlemen - Indirect distribution channels use _______ to sell their products to the end 
cus...
Acquisition Cost - the cost of obtaining data that you don't have 
Contingency costs - amount of money included to cover potential events that are not specifically 
accounted for in a cost estimate 
Variable Cost - a cost that rises or falls depending on how much is produced 
fixed costs - costs th...
Aperçu 1 sur 4 pages
Ajouter au panierAcquisition Cost - the cost of obtaining data that you don't have 
Contingency costs - amount of money included to cover potential events that are not specifically 
accounted for in a cost estimate 
Variable Cost - a cost that rises or falls depending on how much is produced 
fixed costs - costs th...
Flexibility - Ability to adapt, willingness to change 
Courage - Takes risks in spite of possible losses 
Empathy - Sensitive to thoughts and feelings of others 
What are three characteristics of entrepreneurs? - Creativity, Determination, Enthusiasm 
After a self-assessment, a potential entrepreneu...
Aperçu 3 sur 17 pages
Ajouter au panierFlexibility - Ability to adapt, willingness to change 
Courage - Takes risks in spite of possible losses 
Empathy - Sensitive to thoughts and feelings of others 
What are three characteristics of entrepreneurs? - Creativity, Determination, Enthusiasm 
After a self-assessment, a potential entrepreneu...
Break Even Formula - To calculate the break-even point in units use the formula: Break-Even 
point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the 
formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. 
Driving Sales -...
Aperçu 1 sur 4 pages
Ajouter au panierBreak Even Formula - To calculate the break-even point in units use the formula: Break-Even 
point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the 
formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. 
Driving Sales -...
What is Entrepreneurship? 
A) Marketing and selling products. 
B) Setting up a business with the aim to make a profit. 
C) Acquiring leadership and managerial skills. 
D) Quickly advancing in positions within a corporation. - Answer B) Setting up a business with the aim to 
make a profit. 
You need ...
Aperçu 2 sur 5 pages
Ajouter au panierWhat is Entrepreneurship? 
A) Marketing and selling products. 
B) Setting up a business with the aim to make a profit. 
C) Acquiring leadership and managerial skills. 
D) Quickly advancing in positions within a corporation. - Answer B) Setting up a business with the aim to 
make a profit. 
You need ...
Service - A head chef conducts a survey of other restaurants in the area. The chef notices that 
most customer complaints primarily come from takeout order being delayed. The chef believes that 
having a short-order cook dedicated to primarily come from takeout orders being delayed. The chef 
believ...
Aperçu 1 sur 4 pages
Ajouter au panierService - A head chef conducts a survey of other restaurants in the area. The chef notices that 
most customer complaints primarily come from takeout order being delayed. The chef believes that 
having a short-order cook dedicated to primarily come from takeout orders being delayed. The chef 
believ...
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