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ESB Exam (2023/ 2024) Questions and Answers| Rated A| Verified Answers 1. T/F Patent licensing is used for a new product or invention ~ Answer: True 2. Which two criteria are required for obtaining venture capital funding ~ Answer: ~ A scalable business model ~ A profitable exit strategy 3. For which two reasons should a meal delivery company use direct distribution channels over indirect distribution channels ~ Answer: ~ To lower shipping cost ~ To quick...

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ESB EXAM Study Guide Test Questions With Revised Correct Answers What are three characteristics of entrepreneurs? - ANSWER : Creativity, Determination, Enthusiasm After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less stressful for the entrepreneur to have her own business? - ANSWER : Buy an existing business that is already successful. An entrepreneur moves into a small town ...

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1. Peter owns a barber shop. His total monthly cost is $3,500.00. He charges $15.00 per hair cut. How many hair cuts must his shop perform to break-even? ~ Answer: 234 2. TRUE OR FALSE: Fixed Costs change depending on the volume of production. ~ Answer: False 3. Which 2 types of information may be found on a profit and loss statement? ~ Answer: Revenue / Expenses 4. TRUE OR FALSE: Customer Retention Rate is the percentage of existing customers who remain custo...

ESB EXAM Study Guide | Q&A Latest 2024/2025 | 100% PASS Flexibility - Answer -Ability to adapt, willingness to change Courage - Answer -Takes risks in spite of possible losses Empathy - Answer -Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - Answer -Creativity, Determination, Enthusiasm After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less...

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