ESB Certification Exam Study Guide Questions and Answers Graded A+ 2024
2 keer bekeken 0 keer verkocht
Vak
Esb
Instelling
Esb
ESB Certification Exam Study Guide Questions and Answers Graded A+ 2024
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
Ta...
esb certification exam study guide questions and a
the key objective of a small business owner is to
entrepreneurs are willing to take on new opportuni
are for profit corporations with limited liab
Geschreven voor
Esb
Alle documenten voor dit vak (1042)
Verkoper
Volgen
Pogba119
Ontvangen beoordelingen
Voorbeeld van de inhoud
ESB Certification Exam Study Guide
Questions and Answers Graded A+ 2024
Domain 1 Lesson 1 - answer
The key objective of a small business owner is to generate ____ - answer profits
Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their
businesses rapidly - answer risks
Tangible items that require pick-up or delivery are ____ products - answer physical
When a ____ purchases an item from a business, it is a business-to-consumer
transaction - answer customer
____ are for-profit corporations with limited liability - answer S corporations
____ are ideal for international businesses - answer C corporations
The ____ oversees daily operational and administrative functions - answer Chief
Operating Officer
A ____ votes on the management of a company - answer stockholder
____ employees are paid a fixed amount each pay period - answer Salary
Businesses can compensate employees for work they produce when being paid by
____ - answer piece work
Businesses can offer ____ in addition to a lower salary - answer equity
During the ____ stage of the business life cycle, a company is regularly taking on new
customers and starting to generate a consistent income - answer survival
The owner may decide to sell their ownership in the company during the ____ stage -
answer exit plan
The five elements of the design thinking process are ____ - answer empathize,
define, ideate, prototype , and test
, ____ allows one to see and experience a customer's perspective - answer Empathy
The design team creates multiple inexpensive versions of a product, known as ____ -
answer Minimum Viable Products
Name benefits of a franchise - answer less risk involved, tested operational
processes, or recognized brands
No ownership, no US federal taxes - answer Non-profit
Best for international business even with being double-taxed - answer C corporation
Easy to create but comes with unlimited liability - answer Sole proprietorship
Lower tax rate that prevents the company from being double-taxed - answer S
corporation
Ideal for a single owner seeking low risk - answer LLC (limited liability company)
Shared financial backing - answer Partnership
Creates the company - answer Founder
Oversees company finances - answer CFO
Owns stock in the company - answer Stockholder
Reports to the board of directors - answer CEO
Oversees daily operational and administrative functions Stakeholder Has a vested
interest in the success of the company - answer COO
Has a vested interest in the success of the company - answer Stakeholder
Non-cash compensation - answer Equity
Set rate of pay for hours worked - answer Hourly
Usually found in sales roles - answer Commission
Set amount of pay in a given period - answer Salary
List the correct order of the business life cycle stages - answer Existence, Survival,
Success, Take-off, Resource maturity, Pivot or persist, Exit plan
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
√ Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Pogba119. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €11,88. Je zit daarna nergens aan vast.
