ESB V2 Certification Exam 100%
Correct!!
Quality - ANSWERS_______ is measured by how well the product or service
successfully serves its users' purpose.
E-commerce sales and door-to-door sales - ANSWERSWhat are two examples of direct
distribution channels?
Middlemen - ANSWERSIndirect distribution channels use _______ to sell their products
to the end customers.
Idea - ANSWERSThe first stage of the product/market fit is the ________ stage.
prototype - ANSWERSThe second stage of the product/market fit is the ________
stage.
launch - ANSWERSThe third stage of the product/market fit is the ________ stage.
traction - ANSWERSThe fourth stage of the product/market fit is the ________ stage.
monetization - ANSWERSThe fifth stage of the product/market fit is the ________
stage.
growth - ANSWERSThe sixth and final stage of the product/market fit is the ________
stage.
Set quality standards - ANSWERSThe first step of creating a quality control process is
to _____________.
Establish the method of testing product quality - ANSWERSThe second step of creating
a quality control process is to _____________.
Review the internal quality testing results - ANSWERSThe third step of creating a
quality control process is to _____________.
Refine and improve quality methods and measures as needed. - ANSWERSThe fourth
step of creating a quality control process is to _____________.
Employee - ANSWERSSarah is a(n) ________ because she performs tasks while
abiding by company policies and receives a wage for her work.
, Success - ANSWERSSharon is in the ________ stage because she is earning more
money, and the company's finances are doing well. Because she is not yet preparing to
finance future growth, she is not yet in the take-off stage.
Trade secret - ANSWERSKnowing a process has been tested and works well is
valuable to companies as they can assume it would work just as successfully for their
company. As a result, companies may want to use __________ materials.
[(Ending number of customers in a period - new customers gained in a period)/Starting
number of customers in a period] * 100 - ANSWERSWhat is the formula for calculating
Customer Retention Rate (CRR)?
Equity - ANSWERS___________ is the owner's remaining value after all liabilities have
been deducted.
Assets - Liabilities - ANSWERSWhat is the formula for calculating equity?
Liabilities + Equity - ANSWERSWhat is the formula for calculating assets?
Balance Sheet - ANSWERSA(n) _____________ shows what a company owns (both
assets and liabilities.)
Income Statement - ANSWERSA(n) _____________ shows the total revenues and
expenses for a specific period of time.
total income - COGS - expenses - ANSWERSWhat is the formula for calculating net
income?
income - COGS - ANSWERSWhat is the formula for calculating gross profit?
gross profit * tax rate - ANSWERSWhat is the formula for calculating income tax
expense?
Total monthly cost/selling price - ANSWERSWhat is the formula for calculating the
break-even point?
Total cash - total costs - ANSWERSWhat is the formula for calculating ending cash
balance?
burn rate - ANSWERSA ________ is used to identify the amount of cash a company is
spending each month.
Month starting balance - month ending balance - ANSWERSWhat is the formula for
calculating the burn rate for a company?
Run rate - ANSWERSA __________ is used to make projections about a company's
future performance. It usually uses a specific period (usually a month).
Correct!!
Quality - ANSWERS_______ is measured by how well the product or service
successfully serves its users' purpose.
E-commerce sales and door-to-door sales - ANSWERSWhat are two examples of direct
distribution channels?
Middlemen - ANSWERSIndirect distribution channels use _______ to sell their products
to the end customers.
Idea - ANSWERSThe first stage of the product/market fit is the ________ stage.
prototype - ANSWERSThe second stage of the product/market fit is the ________
stage.
launch - ANSWERSThe third stage of the product/market fit is the ________ stage.
traction - ANSWERSThe fourth stage of the product/market fit is the ________ stage.
monetization - ANSWERSThe fifth stage of the product/market fit is the ________
stage.
growth - ANSWERSThe sixth and final stage of the product/market fit is the ________
stage.
Set quality standards - ANSWERSThe first step of creating a quality control process is
to _____________.
Establish the method of testing product quality - ANSWERSThe second step of creating
a quality control process is to _____________.
Review the internal quality testing results - ANSWERSThe third step of creating a
quality control process is to _____________.
Refine and improve quality methods and measures as needed. - ANSWERSThe fourth
step of creating a quality control process is to _____________.
Employee - ANSWERSSarah is a(n) ________ because she performs tasks while
abiding by company policies and receives a wage for her work.
, Success - ANSWERSSharon is in the ________ stage because she is earning more
money, and the company's finances are doing well. Because she is not yet preparing to
finance future growth, she is not yet in the take-off stage.
Trade secret - ANSWERSKnowing a process has been tested and works well is
valuable to companies as they can assume it would work just as successfully for their
company. As a result, companies may want to use __________ materials.
[(Ending number of customers in a period - new customers gained in a period)/Starting
number of customers in a period] * 100 - ANSWERSWhat is the formula for calculating
Customer Retention Rate (CRR)?
Equity - ANSWERS___________ is the owner's remaining value after all liabilities have
been deducted.
Assets - Liabilities - ANSWERSWhat is the formula for calculating equity?
Liabilities + Equity - ANSWERSWhat is the formula for calculating assets?
Balance Sheet - ANSWERSA(n) _____________ shows what a company owns (both
assets and liabilities.)
Income Statement - ANSWERSA(n) _____________ shows the total revenues and
expenses for a specific period of time.
total income - COGS - expenses - ANSWERSWhat is the formula for calculating net
income?
income - COGS - ANSWERSWhat is the formula for calculating gross profit?
gross profit * tax rate - ANSWERSWhat is the formula for calculating income tax
expense?
Total monthly cost/selling price - ANSWERSWhat is the formula for calculating the
break-even point?
Total cash - total costs - ANSWERSWhat is the formula for calculating ending cash
balance?
burn rate - ANSWERSA ________ is used to identify the amount of cash a company is
spending each month.
Month starting balance - month ending balance - ANSWERSWhat is the formula for
calculating the burn rate for a company?
Run rate - ANSWERSA __________ is used to make projections about a company's
future performance. It usually uses a specific period (usually a month).
