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ESB 1027
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In general, which characteristics define a "small" business? - ANSWERS- fewer than 1,500 employees 
- less than $35.5 million revenue 
 
classify each of the following as either physical or digital - ANSWERSPHYSICAL: 
- bakery in your community 
- hair salon that makes appointments online 
 
DIGITAL: 
- online store that dropships camping gear 
- bookstore on amazon that sells ebooks 
 
you need to create a legal structure for your small business. you have plans for it to grow and hope in ...
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ESB CERTIFICATION EXAM BUNDLE• By papersmaster01
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In general, which characteristics define a "small" business? - ANSWERS- fewer than 1,500 employees 
- less than $35.5 million revenue 
 
classify each of the following as either physical or digital - ANSWERSPHYSICAL: 
- bakery in your community 
- hair salon that makes appointments online 
 
DIGITAL: 
- online store that dropships camping gear 
- bookstore on amazon that sells ebooks 
 
you need to create a legal structure for your small business. you have plans for it to grow and hope in ...
Flexibility - ANSWERSAbility to adapt, willingness to change 
 
Courage - ANSWERSTakes risks in spite of possible losses 
 
Empathy - ANSWERSSensitive to thoughts and feelings of others 
 
What are three characteristics of entrepreneurs? - ANSWERSCreativity, 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?...
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ESB CERTIFICATION EXAM BUNDLE• By papersmaster01
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Flexibility - ANSWERSAbility to adapt, willingness to change 
 
Courage - ANSWERSTakes risks in spite of possible losses 
 
Empathy - ANSWERSSensitive to thoughts and feelings of others 
 
What are three characteristics of entrepreneurs? - ANSWERSCreativity, 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?...
T/F Trademark licensing is used for brand names, logos, or slogans - ANSWERSTrue 
 
This segment describes the benefits to customers based on their wants or needs and how they use the product - ANSWERSBehavioral 
 
T/F Trade secret licensing must be registered with the gov - ANSWERSTrue 
 
T/F The design thinking process places a high emphasis on developing customer empathy - ANSWERSTrue 
 
T/F The design thinking process aims to develop solutions to problems - ANSWERSTrue 
 
You want to buy a g...
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ESB CERTIFICATION EXAM BUNDLE• By papersmaster01
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T/F Trademark licensing is used for brand names, logos, or slogans - ANSWERSTrue 
 
This segment describes the benefits to customers based on their wants or needs and how they use the product - ANSWERSBehavioral 
 
T/F Trade secret licensing must be registered with the gov - ANSWERSTrue 
 
T/F The design thinking process places a high emphasis on developing customer empathy - ANSWERSTrue 
 
T/F The design thinking process aims to develop solutions to problems - ANSWERSTrue 
 
You want to buy a g...
Acquisition Cost - ANSWERSthe cost of obtaining data that you don't have 
 
Contingency costs - ANSWERSamount of money included to cover potential events that are not specifically accounted for in a cost estimate 
 
Variable Cost - ANSWERSa cost that rises or falls depending on how much is produced 
 
fixed costs - ANSWERScosts that do not vary with production or sales level 
 
pro forma - ANSWERSfinancial statement 
 
Small Business Administration (SBA) - ANSWERSgovernment agency that helps ...
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ESB•ESB
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Acquisition Cost - ANSWERSthe cost of obtaining data that you don't have 
 
Contingency costs - ANSWERSamount of money included to cover potential events that are not specifically accounted for in a cost estimate 
 
Variable Cost - ANSWERSa cost that rises or falls depending on how much is produced 
 
fixed costs - ANSWERScosts that do not vary with production or sales level 
 
pro forma - ANSWERSfinancial statement 
 
Small Business Administration (SBA) - ANSWERSgovernment agency that helps ...
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Acquisition Cost - Correct Ans-the cost of obtaining data that you don't have 
 
Contingency costs - Correct Ans-amount of money included to cover potential events that are not specifically accounted for in a cost estimate 
 
Variable Cost - Correct Ans-a cost that rises or falls depending on how much is produced 
 
fixed costs - Correct Ans-costs that do not vary with production or sales level 
 
pro forma - Correct Ans-financial statement 
 
Small Business Administration (SBA) - Correct Ans...
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Package Deal For ESB Certification Exam Study Guide Questions and Answers Graded A 2024• By Bestzone
Preview 1 out of 3 pages
Acquisition Cost - Correct Ans-the cost of obtaining data that you don't have 
 
Contingency costs - Correct Ans-amount of money included to cover potential events that are not specifically accounted for in a cost estimate 
 
Variable Cost - Correct Ans-a cost that rises or falls depending on how much is produced 
 
fixed costs - Correct Ans-costs that do not vary with production or sales level 
 
pro forma - Correct Ans-financial statement 
 
Small Business Administration (SBA) - Correct Ans...