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Exam (elaborations)

ESB Exam 2026 Questions and Answers

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ESB Exam 2026 Questions and Answers

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ESB Exam 2026 Questions and Answers

What is entrepreneurship? - Correct answer-Setting up a business with the aim to

make a profit.

For each business, select B2B or B2C. - Correct answer-B2B

Purchases requiring a tax exemption certificate.

Wholesale flooring distributor.




B2C

Motorcycle repair shop.

Chain of local grocery stores.

Which legal structure should you set up for your business? - Correct answer-S-

Corporation

For each statement about owners of equity in a business, select true or false. -

Correct answer-True

Founders own equity.

©COPYRIGHT 2025, ALL RIGHTS RESERVED 1

, partner owns equity.




False

All stakeholder owns equity.

Contractors own equity.

Complete the sentence about company roles and responsibilities by selecting the

correct option from each drop-down list. - Correct answer-1. Piece work

2. Salary

3. Hourly

4. Commission

Place the stages of the business life cycle in the correct order. - Correct answer-

Stage 1. Existence

Stage 2. Survival of the fittest

Stage 3. Success

Stage 4. Take-off

Stage 5. Maturity



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