ESB Certification Study Guide with Complete Solutions!!

What is entrepreneurship? - ANSWER-Setting up a business with the aim to make a profit. A________employee received a set of amount of pay each month without overtime compensation for extra hours worked. - ANSWER-Salary An example of_______compensation is paying field laborers for the amount of fruit they pick. - ANSWER-Piece work Employees most affected by minimum wage laws are compensated ________. - ANSWER-Hourly Life cycle stage 1 - ANSWER-Existence Life cycle stage 2 - ANSWER-Survival Life cycle stage 3 - ANSWER-Success Life cycle stage 4 - ANSWER-Take off Life cycle stage 5 - ANSWER-Maturity An employee who is paid a percentage of a sale is paid by________. - ANSWER-Commission Acquire an emphatic understanding of the problem you're trying to solve, typically through user research. - ANSWER-Empathize Element of Design Thinking Process: State your users' needs and problems - ANSWER-Define Which is one of the greatest benefits of being an entrepreneur? - ANSWER-Schedule control Successful Entrepreneurs have mindset that typically possess which 3 characteristics? - ANSWER-Responsible, Adaptable, Tenacious Which two documents summarize the business plan of a company? - ANSWER-Lean Canvas and Pitch Deck A single page business summary template - ANSWER-Lean Canvas