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E.S.B GMETRIX CERTIFICATION TEST QUESTIONS AND ANSWERS
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E.S.B GMETRIX CERTIFICATION TESTQUESTIONS AND ANSWERS
After doing a self-assessment, Peter realizes he wants to start a
plumbing business, but doesn't want to risk alot of his own money. What
would be his best option? - ANSWER Purchase an existing business
Besides defining strengths and weaknesses, what is the other main
factor determined during a self-assessment? - ANSWER Risk tolerance
Todd wants to open a golf shop. Todd doesn't have any collateral except
for his Ford Pinto. Upon attempting to secure financing from a bank,
Todd is rejected for lack of collateral. Todd then turns to private
investors to get the business started. What entrepreneurial characteristic
is Todd exhibiting? - ANSWER Flexibility
Phyllis owns multiple pet stores. Phyllis opens a new pet store in a
growing area of town but the new store fails and closes after a year.
How should Phyllis best handle this? - ANSWER evaluate why the store
failed and use that knowledge for future ventures
Donnie is new to a town that does not have a doggie daycare facility.
Upon researching the situation, Donnie decides to open a doggie
daycare facility. Which marketing option for this new business should be
a point of emphasis? - ANSWER Location
Which entrepreneurial trait best deals with ambiguity? - ANSWER
Patience
Fran works for a flooring company in a neighboring town. Many of Fran's
customers complain about lack of available flooring companies in the
area and that of those companies, prices are too high. Should Fran
decide to open a flooring business, what can be a good marketing
strategy? - ANSWER Lower prices
, Which are considered rewards of being an entrepreneur? Choose 3
answers. - ANSWER Bigger community asset, better earnings, working
the way one chooses
Rey has worked as a transportation coordinator for the past 10 years.
Rey often is dissatisfied with the stagnation of the job and wants to open
her own transportation service. Which benefit of entrepreneurship will be
the biggest one for Rey? - ANSWER Autonomy
George wants to take his passion for golf and open a golf academy.
What would be benefits George could enjoy from this experience?
Choose 2 answers. - ANSWER Financial gain, pursing ones passion
Which are traits of a successful entrepreneur? Choose 3 answers. -
ANSWER patient, confident, and enthusiastic
Which are considered risks of being an entrepreneur? Choose 3
answers. - ANSWER Long hours, possible business failure, financial
instability
Ronnie wants to start a retail outdoor sports store. In the last 10 years,
Ronnie has moved 5 times to 5 different states. What about Ronnie
could hamper potential success for this business. - ANSWER Lack of
patience
Bruce is an experienced mechanic that grew up in a family of
entrepreneurs. He has decided to open an auto shop that specializes in
alignments, repairs, oil changes, and warranty work for rental fleets,
leasing companies and auto dealerships. Which customer group will
Bruce's company support? - ANSWER business
Phil is a master plumber looking to move his family and his business to a
new city. Before doing so, he needs to determine the demand for the
services his business provides. Given this information, which two factors
should phil consider? - ANSWER how many competitors are in the area
and what are the customers spending patterns in the area
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