Esb exam study guide 2024 - Study guides, Class notes & Summaries

What are three characteristics of entrepreneurs? - Creativity, 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? - Buy an existing business that is already successful. An entrepreneur moves into a small town and notices several stores selling guns and ammunition. The entrepreneur loves to compete in compe...

ESB Certification Exam Study Guide 2023/2024

The key objective of a small business owner is to generate ____ - profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly - risks Tangible items that require pick-up or delivery are ____ products - physical When a ____ purchases an item from a business, it is a business-to-consumer transaction - customer ____ are for-profit corporations with limited liability - S corporations ____ are ideal for international businesses - C corporatio...

Variable Cost - ANSWER-a cost that rises or falls depending on how much is produced fixed costs - ANSWER-costs that do not vary with production or sales level pro forma - ANSWER-financial statement Small Business Administration (SBA) - ANSWER-government agency that helps small business owners develop business plans and obtain financing Limited Liability Company (LLC) - ANSWER-a form of business ownership that offers both limited liability to its owners and flexible tax treatment S...

ESB Exam Study Guide Verified Questions and Answers with Complete Solutions 2024

ESB EXAM Study Guide | with complete solution | Latest 2024/25

ESB EXAM 2 STUDY GUIDE Question and answers 100% correct 2024 Economy Pricing - correct answer Prices that targeting customers looking to save as much money as possible. What business scenario fits the definition of a small business, according to the SBA? - correct answer A fast food restaurant that is independently owned and operated You need to create a legal structure for you small business. You have plans for it to grow and hope in the future to sell shares to the public. Your star...

Domain 1 Lesson 1 - Correct Ans- The key objective of a small business owner is to generate ____ - Correct Ans-profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly - Correct Ans-risks Tangible items that require pick-up or delivery are ____ products - Correct Ans-physical When a ____ purchases an item from a business, it is a business-to-consumer transaction - Correct Ans-customer ____ are for-profit corporations with lim...

ESB EXAM 1 STUDY GUIDE Question and answers rated A+ 2024 Products that are bulky, large in size, and technically complicated are usually sold through multiple handlers before reaching the end customer - correct answer False 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. What should this entrepreneur do FIRST bef...

ESB EXAM Study Guide 2024