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ESB Certification Exam
Study Guide – Complete
Practice Questions and
Review for Electrical &
Systems Business
Certification
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
,Domain 1 Lesson 1
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 corporations
The ____ oversees daily operational and administrative functions
Chief Operating Officer
A ____ votes on the management of a company
stockholder
____ employees are paid a fixed amount each pay period
Salary
, Businesses can compensate employees for work they produce when being paid by ____
piece work
Businesses can offer ____ in addition to a lower salary
equity
During the ____ stage of the business life cycle, a company is regularly taking on new customers and
starting to generate a consistent income
survival
The owner may decide to sell their ownership in the company during the ____ stage
exit plan
ESB Certification Exam
Study Guide – Complete
Practice Questions and
Review for Electrical &
Systems Business
Certification
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
,Domain 1 Lesson 1
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 corporations
The ____ oversees daily operational and administrative functions
Chief Operating Officer
A ____ votes on the management of a company
stockholder
____ employees are paid a fixed amount each pay period
Salary
, Businesses can compensate employees for work they produce when being paid by ____
piece work
Businesses can offer ____ in addition to a lower salary
equity
During the ____ stage of the business life cycle, a company is regularly taking on new customers and
starting to generate a consistent income
survival
The owner may decide to sell their ownership in the company during the ____ stage
exit plan
