100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ESB Certification Practice 1 Question and answers correctly solved 2024 $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Esb
  4.  
  5. Esb
  6.  
  7. Esb

Exam (elaborations)

ESB Certification Practice 1 Question and answers correctly solved 2024

 5 views  0 purchase
  • Course
  • Esb
  • Institution
  • Esb

ESB Certification Practice 1 Question and answers correctly solved 2024 Define Entrepreneurship - correct answer Setting up a business with the aim to make a profit. Categorize B2B (business to business) vs B2C (business to consumer) - correct answer B2B: "Wholesale flooring distributor" a...

[Show more]

Preview 2 out of 12  pages

Document information

  • August 23, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • esb certification practice 1
  • esb certification practice 1 question and answers

Written for

  • Esb
All documents for this subject (1066)

Seller

avatar-seller
Carzola98

Reviews received

Content preview

ESB Certification Practice 1
Define Entrepreneurship - correct answer ✔Setting up a business with the
aim to make a profit.


Categorize B2B (business to business) vs B2C (business to consumer) -
correct answer ✔B2B:
"Wholesale flooring distributor" and "purchases requiring a tax exemption"


B2C:
"Chain of local grocery stores" and "motorcycle repair shop"


You need to create a legal structure for your small business. You would like
some of the benefits enjoyed by large corporations, but do not want to be
taxed twice. You have four partners who will be shareholders. None of you
plan to sell your ownership shares to the public, but do want to be protected
from business liabilities.


Which legal structure should you set up for your business? - correct answer
✔S-Corporation


Identify the foundational concepts of entrepreneurship and small business
ownership.


For each statement about owners of equity in a business, select true of false. -
correct answer ✔True:
"A partner owns equity" and "founders own equity."


False:

, "All stakeholder owns equity" and "contractors own equity."


Identify the foundational concepts of entrepreneurship and small business
ownership.


Complete the sentence about company roles and responsibilities by selection
the correct option from each drop-down list. - correct answer ✔An example
of "Piece Work" compensation is paying field laborers for the amount of fruit
they pick.


A "Salary" employee receives a set amount of pay each month without
overtime compensation for extra hours worked.


Employees most affected by minimum wage laws are compensated "Hourly."


An employee who is paid a percentage of a sale is paid by a "Commission."


Place that stages of the business life cycle in the correct order. - correct
answer ✔Stage 1: Existence


Stages 2: Survival of the Fittest


Stage 3: Success


Stage 4: Take-off


Stage 5: Maturity

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Carzola98. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart