ESB Exam One (GMETRIX) (Entrepreneurship and Small Business Study Set) 2024
3 views 0 purchase
Course
ESB
Institution
ESB
ESB Exam One (GMETRIX) (Entrepreneurship and
Small Business Study Set) 2024
What is Entrepreneurship? - Answer ️️ -Setting up a business with the aim to make a profit.
You need to create a legal structure for your small business. You would like some of the benefits
enjoyed by large corporat...
ESB Exam One (GMETRIX) (Entrepreneurship and
Small Business Study Set) 2024
What is Entrepreneurship? - Answer ✔️✔️-Setting up a business with the aim to make a profit.
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 not
want to be protected from business liabilities. Which legal structure should you set up for your
business? - Answer ✔️✔️-S-Corporation
Successful entrepreneurs have mindsets that typically possess which three characteristics? -
Answer ✔️✔️-Responsibility, Adaptivity, and Tenacity
Which is one of the greatest benefits of being an entrepreneur? - Answer ✔️✔️-Schedule Control
Which three characteristics help identify a business opportunity? - Answer ✔️✔️-Service,
Branding, and Quality
The owner of a landscaping business has noticed that none of his competitors are including
ponds or other water features in the gardens they create. The landscaper wants to determine the
viability of his business opportunity. - Answer ✔️✔️-Ask the customers in the are if they are
interested in adding a water feature to their gardens.
Which two documents summarize the business plan of a company? - Answer ✔️✔️-Lean Canvas
and a Pitch Deck
Which three elements are required to have a trade secret? - Answer ✔️✔️-Information has
economic value not generally known, others cannot legitimately obtain the information, and
subject to reasonable efforts to maintain it's secrecy.
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 KatelynWhitman. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
