ESB Certification Exam Study Guide- Practice Test Questions with Answers

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 The five elements of the design thinking process are ____ empathize, define, ideate, prototype , and test ____ allows one to see and experience a customer's perspective Empathy