E.S.B. gmetrix certification UPDATED
ACTUAL Exam Questions and CORRECT
Answers
After doing a self-assessment, Peter realizes he wants to start a plumbing business, but doesn't
want to risk alot of his own money. What would be his best option? - CORRECT
ANSWER - Purchase an existing business
Besides defining strengths and weaknesses, what is the other main factor determined during a
self-assessment? - CORRECT ANSWER - Risk tolerance
Todd wants to open a golf shop. Todd doesn't have any collateral except for his Ford Pinto. Upon
attempting to secure financing from a bank, Todd is rejected for lack of collateral. Todd then
turns to private investors in an effort to get the business started. What entrepreneurial
characteristic is Todd exhibiting? - CORRECT ANSWER - Flexibility
Phyllis owns multiple pet stores. Phyllis opens a new pet store in a growing area of town but the
new store fails and closes after a year. How should Phyllis best handle this? - CORRECT
ANSWER - evaluate why the store failed and use that knowledge for future ventures
Donnie is new to a town that does not have a doggie day care facility. Upon researching the
situation, Donnie decides to open a doggie day care facility. Which marketing option for this
new business should be a point of emphasis? - CORRECT ANSWER - Location
Which entrepreneurial trait best deals with ambiguity? - CORRECT ANSWER - Patience
Fran works for a flooring company in a neighboring town. Many of Fran's customers complain
about lack of available flooring companies in the area and that of those companies, prices are too
high. Should Fran decide to open a flooring business, what can be a good marketing strategy? -
CORRECT ANSWER - Lower prices
ACTUAL Exam Questions and CORRECT
Answers
After doing a self-assessment, Peter realizes he wants to start a plumbing business, but doesn't
want to risk alot of his own money. What would be his best option? - CORRECT
ANSWER - Purchase an existing business
Besides defining strengths and weaknesses, what is the other main factor determined during a
self-assessment? - CORRECT ANSWER - Risk tolerance
Todd wants to open a golf shop. Todd doesn't have any collateral except for his Ford Pinto. Upon
attempting to secure financing from a bank, Todd is rejected for lack of collateral. Todd then
turns to private investors in an effort to get the business started. What entrepreneurial
characteristic is Todd exhibiting? - CORRECT ANSWER - Flexibility
Phyllis owns multiple pet stores. Phyllis opens a new pet store in a growing area of town but the
new store fails and closes after a year. How should Phyllis best handle this? - CORRECT
ANSWER - evaluate why the store failed and use that knowledge for future ventures
Donnie is new to a town that does not have a doggie day care facility. Upon researching the
situation, Donnie decides to open a doggie day care facility. Which marketing option for this
new business should be a point of emphasis? - CORRECT ANSWER - Location
Which entrepreneurial trait best deals with ambiguity? - CORRECT ANSWER - Patience
Fran works for a flooring company in a neighboring town. Many of Fran's customers complain
about lack of available flooring companies in the area and that of those companies, prices are too
high. Should Fran decide to open a flooring business, what can be a good marketing strategy? -
CORRECT ANSWER - Lower prices
