E.S.B. gmetrix certification questions
with 100% complete solutions graded A+
After doing a self-assessment, Peter realizes he wants to start a plumbing
business, but doesn't want to risk a lot 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
Which are considered rewards of being an entrepreneur? Choose 3 answers. -
correct answer ✔✔Bigger community asset, better earnings, working the way one
chooses
Rey has worked as a transportation coordinator for the past 10 years. Rey often is
dissatisfied with the stagnation of the job and wants to open her own
transportation service. Which benefit of entrepreneurship will be the biggest one
for Rey? - correct answer ✔✔Autonomy
George wants to take his passion for golf and open a golf academy. What would
be benefits George could enjoy from this experience? Choose 2 answers. - correct
answer ✔✔Financial gain, pursing ones passion
Which are traits of a successful entrepreneur? Choose 3 answers. - correct answer
✔✔patient, confident, and enthusiastic
Which are considered risks of being an entrepreneur? Choose 3 answers. - correct
answer ✔✔Long hours, possible business failure, financial instability
Ronnie wants to start a retail outdoor sports store. In the last 10 years, Ronnie has
moved 5 times to 5 different states. What about Ronnie could hamper potential
success for this business. - correct answer ✔✔Lack of patience
with 100% complete solutions graded A+
After doing a self-assessment, Peter realizes he wants to start a plumbing
business, but doesn't want to risk a lot 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
Which are considered rewards of being an entrepreneur? Choose 3 answers. -
correct answer ✔✔Bigger community asset, better earnings, working the way one
chooses
Rey has worked as a transportation coordinator for the past 10 years. Rey often is
dissatisfied with the stagnation of the job and wants to open her own
transportation service. Which benefit of entrepreneurship will be the biggest one
for Rey? - correct answer ✔✔Autonomy
George wants to take his passion for golf and open a golf academy. What would
be benefits George could enjoy from this experience? Choose 2 answers. - correct
answer ✔✔Financial gain, pursing ones passion
Which are traits of a successful entrepreneur? Choose 3 answers. - correct answer
✔✔patient, confident, and enthusiastic
Which are considered risks of being an entrepreneur? Choose 3 answers. - correct
answer ✔✔Long hours, possible business failure, financial instability
Ronnie wants to start a retail outdoor sports store. In the last 10 years, Ronnie has
moved 5 times to 5 different states. What about Ronnie could hamper potential
success for this business. - correct answer ✔✔Lack of patience
