ESB DOMAIN 1 REVIEW* QUESTIONS WITH CORRECT ANSWERS |LATEST UPDATE 100%
SOLVED| GRADED A+
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.
Pitch Deck A presentation given to potential investors to provide a brief overview of the
business plan to earn another meeting.
Price The amount of money charged for goods or services.
Sales Pitch A persuasive speech prepared to entice a potential customer to purchase a
service or good.
Trade Secret A practice used by businesses to protect a practice, process, or formula from
being shared with other competitors.
Trademark A practice used to protect brand names, logos, and business names.
Asset a tangible item a business owns
, Business Opportunity a situation an entrepreneur analyzes and evaluates to see if starting a
sustainable, profitable business is feasible.
Business Plan a document that addresses the concept, customers and capitol for a business
Contract An agreement between an employee and a company outlining obligations and
terms of employment.
Ethical Practices Standards of professional conduct professionals should uphold.
Forward Thinking Mentality thinking about and planning for the future
Grit The characteristic of being able to tackle goals with courage and perseverance.
Growth Mindset Believing that one can accomplish anything with hard work.
Innovation A new idea, product, or method.
Intellectual Property A creative work or invention to which an individual has been given
rights.
Inventory Goods a business owns with the purpose of selling.
SOLVED| GRADED A+
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.
Pitch Deck A presentation given to potential investors to provide a brief overview of the
business plan to earn another meeting.
Price The amount of money charged for goods or services.
Sales Pitch A persuasive speech prepared to entice a potential customer to purchase a
service or good.
Trade Secret A practice used by businesses to protect a practice, process, or formula from
being shared with other competitors.
Trademark A practice used to protect brand names, logos, and business names.
Asset a tangible item a business owns
, Business Opportunity a situation an entrepreneur analyzes and evaluates to see if starting a
sustainable, profitable business is feasible.
Business Plan a document that addresses the concept, customers and capitol for a business
Contract An agreement between an employee and a company outlining obligations and
terms of employment.
Ethical Practices Standards of professional conduct professionals should uphold.
Forward Thinking Mentality thinking about and planning for the future
Grit The characteristic of being able to tackle goals with courage and perseverance.
Growth Mindset Believing that one can accomplish anything with hard work.
Innovation A new idea, product, or method.
Intellectual Property A creative work or invention to which an individual has been given
rights.
Inventory Goods a business owns with the purpose of selling.
