GMETRIX ESB STUDY QUESTIONS |
GUARANTEED ACCURATE
ANSWERS |VERIFIED
Which statement defines entrepreneurship? - ACCURATE
ANSWERS✔✔ Setting up a business with the aim to make a profit.
B2B - ACCURATE ANSWERS✔✔ Wholesale Flooring Distributor
Purchases requiring tax exemption certificate
B2C - ACCURATE ANSWERS✔✔ Chain of local grocery stores
motorcycle repair shop
You need to create a legal structure for your small business. You would
like some of the benefits enjoyed by large corporations, bit 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
want to be protected from business liabilities.
Which legal structure should you set up for your business? -
ACCURATE ANSWERS✔✔ S-Corporation
Founder - ACCURATE ANSWERS✔✔ Starts a company around an
idea
, The main driver for a vision of a startup
Stakeholder - ACCURATE ANSWERS✔✔ Part of company activities,
including decision-making
Can include both customers and employees
An example of ________ compensation is paying field laborers for the
amount of fruit they pick - ACCURATE ANSWERS✔✔ Piece Work
A ________ employee receives a set amount of pay each month without
overtime compensation for extra hours worked. - ACCURATE
ANSWERS✔✔ Salary
Employees most affected by minimum wage laws are compensated
________. - ACCURATE ANSWERS✔✔ Hourly
An employee who is paid a percentage of a sale is paid by ________. -
ACCURATE ANSWERS✔✔ Commission
Stage One - ACCURATE ANSWERS✔✔ Existence
Stage 2 - ACCURATE ANSWERS✔✔ Survival of the Fittest
Stage 3 - ACCURATE ANSWERS✔✔ Success
GUARANTEED ACCURATE
ANSWERS |VERIFIED
Which statement defines entrepreneurship? - ACCURATE
ANSWERS✔✔ Setting up a business with the aim to make a profit.
B2B - ACCURATE ANSWERS✔✔ Wholesale Flooring Distributor
Purchases requiring tax exemption certificate
B2C - ACCURATE ANSWERS✔✔ Chain of local grocery stores
motorcycle repair shop
You need to create a legal structure for your small business. You would
like some of the benefits enjoyed by large corporations, bit 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
want to be protected from business liabilities.
Which legal structure should you set up for your business? -
ACCURATE ANSWERS✔✔ S-Corporation
Founder - ACCURATE ANSWERS✔✔ Starts a company around an
idea
, The main driver for a vision of a startup
Stakeholder - ACCURATE ANSWERS✔✔ Part of company activities,
including decision-making
Can include both customers and employees
An example of ________ compensation is paying field laborers for the
amount of fruit they pick - ACCURATE ANSWERS✔✔ Piece Work
A ________ employee receives a set amount of pay each month without
overtime compensation for extra hours worked. - ACCURATE
ANSWERS✔✔ Salary
Employees most affected by minimum wage laws are compensated
________. - ACCURATE ANSWERS✔✔ Hourly
An employee who is paid a percentage of a sale is paid by ________. -
ACCURATE ANSWERS✔✔ Commission
Stage One - ACCURATE ANSWERS✔✔ Existence
Stage 2 - ACCURATE ANSWERS✔✔ Survival of the Fittest
Stage 3 - ACCURATE ANSWERS✔✔ Success
