ESB TEST 3 QUESTIONS AND
ANSWERS 100% SOLVED
, The owner of a mobile food truck plans to sell tacos , hamburgers, and other foods to
employees in a large office complex . Before opening his business , the owner will most
likely need to obtain which of the following documents from each employee to verify
they have completed a course in food handling safety? - ANSWERScertificate
The owner of a pet supply store wants to expand her business and by boarding animals.
She has designed plans to add a 30^ prime *60^ prime kennel onto the back of her
retail buildingShe has checked the zoning and discovered a kennel would be allowed on
her property What will she need to obtain before adding the kennel? - ANSWERSpermit
A sprinkler system company opens a new location in a suburb that has endured a long
history of poorly installed water and irrigation systems. What would be the most
effective way for this company to gain the trust of the neighborhood ? -
ANSWERSadvertise a 72-hour rapid response time for all repairs
The owner of a gas station on one side of town wants to retire and offers to sell the
station to a competitor located on the other side of town. The competitor agrees to cash
out the seller, merge the two businesses, and continue operating both locations. This is
an example of which exit strategy? - ANSWERSharvesting
Meredith is starting a cleaning business with a 3-year loan of $10,000, at a 5%
compound annual interest rate. Assuming the loan is not paid back in full until the end of
the 3-year term, how much will she owe at the end of her loan? - ANSWERS$11,576.25
An individual starts a babysitting business with a loan of $1,000. The loan is for 2 years
at a 5COMPOUND interest rate. How much will the individual owe by the end of the
loan assuming nothing is paid until the end of the 2 year term (future value of loan)? -
ANSWERS$1,102.5
A welding shop owner rents space in a building and needs a \$5,000 in supplies to
complete a large project for a new customer. The bank has turned down a personal loan
request. The welding shop owner does not want to share ownership of the business by
selling equity shares to raise the funds needed for these supplies. What is the most
practical source of funding for the materials needed to complete this customers job ? -
ANSWERSAsking for an advance payment from the customer whose large order is the
reason the materials are needed
A retiring hardware shop owner offers to sell his store to a competitor located on the
south end of town. The competitor agrees to cash out the seller, merge the two
businesses , and continue operating both locations. Which exit strategy is this an
example of ? - ANSWERSharvesting
ANSWERS 100% SOLVED
, The owner of a mobile food truck plans to sell tacos , hamburgers, and other foods to
employees in a large office complex . Before opening his business , the owner will most
likely need to obtain which of the following documents from each employee to verify
they have completed a course in food handling safety? - ANSWERScertificate
The owner of a pet supply store wants to expand her business and by boarding animals.
She has designed plans to add a 30^ prime *60^ prime kennel onto the back of her
retail buildingShe has checked the zoning and discovered a kennel would be allowed on
her property What will she need to obtain before adding the kennel? - ANSWERSpermit
A sprinkler system company opens a new location in a suburb that has endured a long
history of poorly installed water and irrigation systems. What would be the most
effective way for this company to gain the trust of the neighborhood ? -
ANSWERSadvertise a 72-hour rapid response time for all repairs
The owner of a gas station on one side of town wants to retire and offers to sell the
station to a competitor located on the other side of town. The competitor agrees to cash
out the seller, merge the two businesses, and continue operating both locations. This is
an example of which exit strategy? - ANSWERSharvesting
Meredith is starting a cleaning business with a 3-year loan of $10,000, at a 5%
compound annual interest rate. Assuming the loan is not paid back in full until the end of
the 3-year term, how much will she owe at the end of her loan? - ANSWERS$11,576.25
An individual starts a babysitting business with a loan of $1,000. The loan is for 2 years
at a 5COMPOUND interest rate. How much will the individual owe by the end of the
loan assuming nothing is paid until the end of the 2 year term (future value of loan)? -
ANSWERS$1,102.5
A welding shop owner rents space in a building and needs a \$5,000 in supplies to
complete a large project for a new customer. The bank has turned down a personal loan
request. The welding shop owner does not want to share ownership of the business by
selling equity shares to raise the funds needed for these supplies. What is the most
practical source of funding for the materials needed to complete this customers job ? -
ANSWERSAsking for an advance payment from the customer whose large order is the
reason the materials are needed
A retiring hardware shop owner offers to sell his store to a competitor located on the
south end of town. The competitor agrees to cash out the seller, merge the two
businesses , and continue operating both locations. Which exit strategy is this an
example of ? - ANSWERSharvesting
