ESB Certification Test Questions and Answers Rated A
What is entrepreneurship? - -Setting up a -1. Empathize
business with the aim to make a profit. 2. Define
3. Ideate
4. Prototype
For each business, select B2B or B2C. - - 5. Test
B2B
Purchases requiring a tax exemption certificate.
Wholesale flooring distributor. Successful entrepreneurs have mindsets that
typically possess which three characteristics? -
B2C -Responsible
Motorcycle repair shop. Adaptable
Chain of local grocery stores. Tenacious
Which legal structure should you set up for your Which is one of the greatest benefits of being an
business? - -S-Corporation entrepreneur? - -Schedule control
For each statement about owners of equity in a Which three characteristics help identify a
business, select true or false. - -True business opportunity? - -Service
Founders own equity. Price
partner owns equity. Quality
False
All stakeholder owns equity. What should this entrepreneur do FIRST before
Contractors own equity. offering to design and build water features as part
of his landscaping business? - -Ask the
customers in the area if they are interested in
Complete the sentence about company roles and adding a water feature to their gardens.
responsibilities by selecting the correct option
from each drop-down list. - -1. Piece work
2. Salary Which two documents summarize business plans
3. Hourly of a company? - -Lean Canvas
4. Commission Pitch Deck
Place the stages of the business life cycle in the For each statement about the components of
correct order. - -Stage 1. Existence Business Plans and Pitch Decks, select true or
Stage 2. Survival of the fittest false. - -True
Stage 3. Success A Pitch Deck is a visual slide presentation.
Stage 4. Take-off Business Plans are text-based documents.
Stage 5. Maturity The goal of a Business Plan is to get investor
buy-in.
The goal of a Pitch Deck is to get investor's
Match each element of the Design Thinking attention.
Process to its corresponding description. -
1/4
What is entrepreneurship? - -Setting up a -1. Empathize
business with the aim to make a profit. 2. Define
3. Ideate
4. Prototype
For each business, select B2B or B2C. - - 5. Test
B2B
Purchases requiring a tax exemption certificate.
Wholesale flooring distributor. Successful entrepreneurs have mindsets that
typically possess which three characteristics? -
B2C -Responsible
Motorcycle repair shop. Adaptable
Chain of local grocery stores. Tenacious
Which legal structure should you set up for your Which is one of the greatest benefits of being an
business? - -S-Corporation entrepreneur? - -Schedule control
For each statement about owners of equity in a Which three characteristics help identify a
business, select true or false. - -True business opportunity? - -Service
Founders own equity. Price
partner owns equity. Quality
False
All stakeholder owns equity. What should this entrepreneur do FIRST before
Contractors own equity. offering to design and build water features as part
of his landscaping business? - -Ask the
customers in the area if they are interested in
Complete the sentence about company roles and adding a water feature to their gardens.
responsibilities by selecting the correct option
from each drop-down list. - -1. Piece work
2. Salary Which two documents summarize business plans
3. Hourly of a company? - -Lean Canvas
4. Commission Pitch Deck
Place the stages of the business life cycle in the For each statement about the components of
correct order. - -Stage 1. Existence Business Plans and Pitch Decks, select true or
Stage 2. Survival of the fittest false. - -True
Stage 3. Success A Pitch Deck is a visual slide presentation.
Stage 4. Take-off Business Plans are text-based documents.
Stage 5. Maturity The goal of a Business Plan is to get investor
buy-in.
The goal of a Pitch Deck is to get investor's
Match each element of the Design Thinking attention.
Process to its corresponding description. -
1/4
