Entrepreneurship and Small Business
(ESB)
A dietitian decides to start a cruise vacation business for those looking to learn how to live a healthier
lifestyle. The cruise will offer seminars with materials on healthy eating and exercise, and all of the food
on the cruise will be healthy alternatives.Classify each expense as fixed or variable. SHIP RENTAL - ✔
✔ Fixed
What is one impact that a company might experience as a result of an ethical violation? - ✔ ✔
Reputation damage and significant loss of customers' trust
Which are three risks of entrepreneurship? - ✔ ✔ Long hours
A fitness trainer is assessing a business strategy in a neighborhood whose residents are mainly single,
recent college graduates. The trainer would like to target local businesses in the neighborhood to
acquire new customers.Which group should be targeted at these local businesses? - ✔ ✔ Employees
who work at them
What is an advantage of buying a franchise? - ✔ ✔ Marketing assistance
A dietitian decides to start a cruise vacation business for those looking to learn how to live a healthier
lifestyle. The cruise will offer seminars with materials on healthy eating and exercise, and all of the food
on the cruise will be healthy alternatives.Classify each expense as fixed or variable. FOOD - ✔ ✔
VARIABLE
A dog grooming business is legally structured as a sole proprietorship. What are the tax implications for
this structure? - ✔ ✔ All profit earned by a sole proprietorship is income earned by the owner, for
which the owner will have a tax liability
, A fitness trainer is presenting a business plan for a new studio to investors. The trainer envisions a
studio with equipment and features that will meet the needs of customers with a variety of personal
and work schedules. What studio feature would appeal to customers with demanding schedules? - ✔
✔ Providing 24 hour member access
A landscaper owns a successful local business that provides lawn care services. The owner wants to
enhance the sustainability and longevity of the company. What should the owner do? - ✔ ✔ Develop
off-season services and secure a long-term credit line
Which three key values does a business plan provide? - ✔ ✔ It helps determine business viability
A hair salon is trying to determine how to tell if it is successful or not and has decided it will be
successful when it starts to make a profit.Which milestone will indicate this? - ✔ ✔ Reached break-
even point
A dietitian decides to start a cruise vacation business for those looking to learn how to live a healthier
lifestyle. The cruise will offer seminars with materials on healthy eating and exercise, and all of the food
on the cruise will be healthy alternatives.Classify each expense as fixed or variable. EXERCISE AND DIET
BOOKS - ✔ ✔ FIXED
What is a characteristic of an entrepreneur? - ✔ ✔ tenacious
A restaurant owner finds that 68% of customers never come back. What is the most important thing the
restaurant owner should do to have a higher percentage of repeat customers? - ✔ ✔ Listen to
customers
A restaurant owner wants to attract more customers by getting enough ratings to appear on a popular
social media site. The owner can generate 10% more business by reaching an additional 100 reviews. He
knows that if he provides one - hundred 50% off coupons for meals, he can get 100 reviews.How much
will it cost to increase business by 10% if reach coupon is likely to cost $15? - ✔ ✔ $1,500
(ESB)
A dietitian decides to start a cruise vacation business for those looking to learn how to live a healthier
lifestyle. The cruise will offer seminars with materials on healthy eating and exercise, and all of the food
on the cruise will be healthy alternatives.Classify each expense as fixed or variable. SHIP RENTAL - ✔
✔ Fixed
What is one impact that a company might experience as a result of an ethical violation? - ✔ ✔
Reputation damage and significant loss of customers' trust
Which are three risks of entrepreneurship? - ✔ ✔ Long hours
A fitness trainer is assessing a business strategy in a neighborhood whose residents are mainly single,
recent college graduates. The trainer would like to target local businesses in the neighborhood to
acquire new customers.Which group should be targeted at these local businesses? - ✔ ✔ Employees
who work at them
What is an advantage of buying a franchise? - ✔ ✔ Marketing assistance
A dietitian decides to start a cruise vacation business for those looking to learn how to live a healthier
lifestyle. The cruise will offer seminars with materials on healthy eating and exercise, and all of the food
on the cruise will be healthy alternatives.Classify each expense as fixed or variable. FOOD - ✔ ✔
VARIABLE
A dog grooming business is legally structured as a sole proprietorship. What are the tax implications for
this structure? - ✔ ✔ All profit earned by a sole proprietorship is income earned by the owner, for
which the owner will have a tax liability
, A fitness trainer is presenting a business plan for a new studio to investors. The trainer envisions a
studio with equipment and features that will meet the needs of customers with a variety of personal
and work schedules. What studio feature would appeal to customers with demanding schedules? - ✔
✔ Providing 24 hour member access
A landscaper owns a successful local business that provides lawn care services. The owner wants to
enhance the sustainability and longevity of the company. What should the owner do? - ✔ ✔ Develop
off-season services and secure a long-term credit line
Which three key values does a business plan provide? - ✔ ✔ It helps determine business viability
A hair salon is trying to determine how to tell if it is successful or not and has decided it will be
successful when it starts to make a profit.Which milestone will indicate this? - ✔ ✔ Reached break-
even point
A dietitian decides to start a cruise vacation business for those looking to learn how to live a healthier
lifestyle. The cruise will offer seminars with materials on healthy eating and exercise, and all of the food
on the cruise will be healthy alternatives.Classify each expense as fixed or variable. EXERCISE AND DIET
BOOKS - ✔ ✔ FIXED
What is a characteristic of an entrepreneur? - ✔ ✔ tenacious
A restaurant owner finds that 68% of customers never come back. What is the most important thing the
restaurant owner should do to have a higher percentage of repeat customers? - ✔ ✔ Listen to
customers
A restaurant owner wants to attract more customers by getting enough ratings to appear on a popular
social media site. The owner can generate 10% more business by reaching an additional 100 reviews. He
knows that if he provides one - hundred 50% off coupons for meals, he can get 100 reviews.How much
will it cost to increase business by 10% if reach coupon is likely to cost $15? - ✔ ✔ $1,500
