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ESB EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS 2025

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ESB EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS 2025

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Uploaded on: April 9, 2025
Number of pages: 20
Written in: 2024/2025
Type: Exam (elaborations)
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esb exam study guide questions with correct answer

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ESB EXAM STUDY GUIDE QUESTIONS
WITH CORRECT ANSWERS 2025
FlexibilityP-PCORRECTPANSWERP-AbilityPtoPadapt,PwillingnessPtoPchange

CourageP-PCORRECTPANSWERP-TakesPrisksPinPspitePofPpossiblePlosses

EmpathyP-PCORRECTPANSWERP-SensitivePtoPthoughtsPandPfeelingsPofPothers

WhatParePthreePcharacteristicsPofPentrepreneurs?P-PCORRECTPANSWERP-
Creativity,PDetermination,PEnthusiasm

AfterPaPself-
assessment,PaPpotentialPentrepreneurPhasPlearnedPthatPshePhasPaPveryPlowPriskPtolerance.PBasedPu
ponPthisPfinding,PwhichPapproachPmightPbePlessPstressfulPforPthePentrepreneurPtoPhavePherPownPbu
siness?P-PCORRECTPANSWERP-BuyPanPexistingPbusinessPthatPisPalreadyPsuccessful.

AnPentrepreneurPmovesPintoPaPsmallPtownPandPnoticesPseveralPstoresPsellingPgunsPandPammunitio
n.PThePentrepreneurPlovesPtoPcompetePinPcompetitivePshootingPevents.PBasedPonPthePscenarioPpro
vided,PwhatPshouldPbePemphasizedPinPmarketingPtoPattractPcustomers?P-PCORRECTPANSWERP-
Location

AnPentrepreneurPhasPbeenPworkingPforPaPflooringPbusinessPinPaPneighboringPtown.PHePfeelsPhePisPr
eadyPtoPopenPhisPownPflooringPbusinessPinPhisPlocalPcommunity.PWhichPshouldPbePemphasizedPinP
marketingPtoPattractPcustomersPtoPhisPnewPbusiness?P-PCORRECTPANSWERP-LowerPPrices

WhichPisPonePofPthePgreatestPbenefitsPofPentrepreneurship?P-PCORRECTPANSWERP-
BeingPyourPownPboss

,WhichParePthreePrisksPofPentrepreneurship?P-PCORRECTPANSWERP-
LongPhours,PpotentialPbusinessPfailure,PfinancialPinsecurity

GabePhasPworkedPasPaPjourneymanPelectricianPforPanPemployerPforPthePpastP16Pyears.PHePisPpaidPaP
goodPsalary.PHisPonlyPdissatisfactionPisPthePhoursParePlongPandPoftenPwhenPhePrequestsPtimePoffPhe
PisPdeniedPbecausePofPcustomerPworkload.P

WhichPbenefitPofPentrepreneurshipPwillPGabePmostPenjoy?P-PCORRECTPANSWERP-Autonomy

WhatPisPaPprimaryPbenefitPofPstartingPaPnewPbusinessPwithoutPpurchasingPaPfranchisePorPbuyingPan
PexistingPbusiness?P-PCORRECTPANSWERP-DevelopingPyourPownPrules

APmechanicPjustPgraduatedPfromPmotorcyclePrepairPschoolPandPwantsPtoPstartPaPbusinessPbecauseP
therePisPaPlackPofPmotorcyclePrepairPshopsPinPthePlocalPtown.PGivenPthePfactsPprovided,PwhichPoppo
rtunityPwouldPbePthePbestPchoicePforPthePmotorcyclePmechanicPtoPopenPaPbusiness?P-
PCORRECTPANSWERP-StartPaPnewPbusinessPandPinvestP$50,000PinPmodernPdiagnosticPtools.

AnPentrepreneurPwhoPhasPaPhobbyPinPleathercraftPwantsPtoPturnPitPintoPaPbusiness.PShePwantsPtoPs
ellPpurses,Pbelts,PandPotherPleathercraftsPfromPherPhome.PWhichPopportunityPforPstartingPaPleathe
rcraftPbusinessPwouldPhavePthePhighestPprobabilityPofPsuccess?P-PCORRECTPANSWERP-
BuildPanPonlinePstorefront

BasedPuponPthePeducationPandPskillsPgainedPfromPthePyearsPofPvocationalPtrainingPasPanPautoPmec
hanic,PasPwellPasPhavingPgrownPupPinPaPfamilyPofPentrepreneurs,PaPyoungPadultPdecidesPtoPopenPanP
autoPmechanicPshop.PWhichPcustomerPgroupPwillPthisPnewPautoPmechanicPbusinessPsupport?P-
PCORRECTPANSWERP-Businesses

ThePownerPofPaPpizzaPdeliveryPbusinessPisPseekingPnewPcustomers.PThePownerPhasPidentifiedPaPgro
upPofPpotentialPcustomersPthatPhavePmovedPintoPsomePnewPhousingPwithinPreachesPofPhisPdrivers.
PWhichPmethodPofPsegmentationPisPthePownerPusing?P-PCORRECTPANSWERP-Geographic

, APchildPdaycarePcenterPneedsPtoPidentifyPaPvaluePofPpropositionPthatPwillPhelpPparentsPfeelPsecureP
aboutPusingPtheirPservices.PWhichPtwoPinitiativesPmeetsPthisPobjective?P-PCORRECTPANSWERP-
ProvidingPlivePwebPcamsPparentsPcanPaccessPfromPthePInternetPbyPusingPaPsecurePlogon.POfferingPaP
listPofPreferencesPfromPotherPparents

ThePownerPofPaPpetPdaycarePisPpresentingPaPplanPtoPinvestorsPtoPexpandPthePfacilityPandPpromisesPt
hePcenterPwillPmeetPthePneedsPofPcustomersPwithPaPvarietyPofPschedules.PWhatPisPaPlegitimatePvalu
ePpropositionPforPpotentialPcustomers?P-PCORRECTPANSWERP-
ProvidingPextendedPhoursPtoPpickupPandPdropPoffPpetsPbeforePandPafterPwork

WhichPtwoPgroupsPbenefitPmostPfromPaPwell-writtenPbusinessPplan?P-PCORRECTPANSWERP-
BusinessPowner

Investors

WhichPofPthePfollowingPshouldPbePaddressedPinPthePdescriptionPsectionPofPaPbusinessPplan?P-
PCORRECTPANSWERP-TargetPMarkets

EasyPtoPsetup,PbutPhasPunlimitedPliability.P-PCORRECTPANSWERP-SolePProprietorship

TerminatesPuponPdeathPofPaPpartnerP-PCORRECTPANSWERP-GeneralPorPLimitedPPartnership

Double-taxed,PbutPbestPforPinternationalPbusinessesP-PCORRECTPANSWERP-CPCorporation

SimilarPtoPaPCPCorporation,PbutPtaxedPatPaPlowerPrateP-PCORRECTPANSWERP-SPCorporation

OwnedPbyPnoPone;PpaysPnoPU.SPfederalPtaxP-PCORRECTPANSWERP-NonprofitPCorporation

BestPforPaPsinglePmemberPseekingPlowPriskP-PCORRECTPANSWERP-LimitedPLiabilityPCompany

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ESB EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS 2025

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