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ESB Test 1 Question and answers already passed 2024

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ESB Test 1 Question and answers already passed 2024 What is entrepreneurship? - correct answer Setting up a business with the aim to make a profit. B2B - correct answer Wholesale flooring distributor & purchases B2C - correct answer Motorcycle repair shop & Chain of grocery stores S...

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  • August 23, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • esb test 1
  • esb test 1 question and answers already passed 202

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ESB Test 1
What is entrepreneurship? - correct answer ✔Setting up a business with the
aim to make a profit.


B2B - correct answer ✔Wholesale flooring distributor & purchases


B2C - correct answer ✔Motorcycle repair shop & Chain of grocery stores


Salary - correct answer ✔A ________ employee receives a set amount of
pay each month without overtime compensation for extra hours worked.


Piece Work - correct answer ✔An example of ________ compensation is
paying field laborers for the amount of fruit they pick.


Hourly - correct answer ✔Employees most affected by minimum wage laws
are compensated ________.


Commission - correct answer ✔An employee who is paid a percentage of a
sale is paid by ________.


Existence - correct answer ✔Stages of business : Stage 1


Survival of the fittest - correct answer ✔Stages of business : Stage 2


Success - correct answer ✔Stages of business : Stage 3

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