ESB DOMAIN 1 REVIEW QUESTIONS WITH CORRECT ANSWERS |LATEST UPDATE 100%
SOLVED| GRADED A+
C Corporation A business structure that allows the company to pass its income, losses
deductions and credits through its shareholders to decrease their taxation. Ideal for
international businesses. There is double taxation.
Empathize Stage Observe, engage, and empathize with customers to understand their
experiences and needs in this stage of the design thinking process.
Define Stage Analyze observations and information gathered during the empathize stage
during this stage of the design thinking process.
Ideate Stage The design team develops solution ideas to spark new ways of thinking during
this stage of the design thinking process.
Employee an individual hired by a company and compensated for their work
Entrepreneur an individual who aspires to start and run a successful business
Founder the person that developed or created a company or organization
, CEO The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO
oversees a business's operations and resources and makes the major decisions for the
company.
Copyright A form of protection individuals can implement to protect their intellectual
property. Copyright is designated for print, music, film, and various other forms of creative
licenses.
Customer An individual or business that purchases goods and services from a business.
Lean Canvas A one-page document discussing key information commonly seen in a business
plan.
MVP A minimum viable product (MVP) is an inexpensive preliminary product to test the
product idea.
Owner The individuals that own the business.
Non Profit A type of business that has no owner and does not pay federal US taxes.
Patent A legal method used to protect an invention for a limited time.
SOLVED| GRADED A+
C Corporation A business structure that allows the company to pass its income, losses
deductions and credits through its shareholders to decrease their taxation. Ideal for
international businesses. There is double taxation.
Empathize Stage Observe, engage, and empathize with customers to understand their
experiences and needs in this stage of the design thinking process.
Define Stage Analyze observations and information gathered during the empathize stage
during this stage of the design thinking process.
Ideate Stage The design team develops solution ideas to spark new ways of thinking during
this stage of the design thinking process.
Employee an individual hired by a company and compensated for their work
Entrepreneur an individual who aspires to start and run a successful business
Founder the person that developed or created a company or organization
, CEO The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO
oversees a business's operations and resources and makes the major decisions for the
company.
Copyright A form of protection individuals can implement to protect their intellectual
property. Copyright is designated for print, music, film, and various other forms of creative
licenses.
Customer An individual or business that purchases goods and services from a business.
Lean Canvas A one-page document discussing key information commonly seen in a business
plan.
MVP A minimum viable product (MVP) is an inexpensive preliminary product to test the
product idea.
Owner The individuals that own the business.
Non Profit A type of business that has no owner and does not pay federal US taxes.
Patent A legal method used to protect an invention for a limited time.
