E.S.B. gmetrix certification Exam
Questions and Answers 100% Pass
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? -
✔✔Purchase an existing business
Besides defining strengths and weaknesses, what is the other main factor determined
during a self-assessment? - ✔✔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? - ✔✔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? - ✔✔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? - ✔✔Location
Which entrepreneurial trait best deals with ambiguity? - ✔✔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
COPYRIGHT © 2025 BY KATELYN WHITMAN, ALL RIGHTS RESERVED 1
, companies, prices are too high. Should Fran decide to open a flooring business, what
can be a good marketing strategy? - ✔✔Lower prices
Which are considered rewards of being an entrepreneur? Choose 3 answers. - ✔✔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? -
✔✔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. - ✔✔Financial
gain, pursing ones passion
Which are traits of a successful entrepreneur? Choose 3 answers. - ✔✔patient,
confident, and enthusiastic
Which are considered risks of being an entrepreneur? Choose 3 answers. - ✔✔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. - ✔✔Lack of patience
Bruce is an experienced mechanic that grew up in a family of entrepreneurs. He has
decided to open an auto shop that specializes in alignments, repairs, oil changes, and
warranty work for rental fleets, leasing companies and auto dealerships. Which
customer group will Bruce's company support? - ✔✔business
Phil is a master plumber looking to move his family and his business to a new city.
Before doing so, he needs to determine the demand for the services his business
COPYRIGHT © 2025 BY KATELYN WHITMAN, ALL RIGHTS RESERVED 2
Questions and Answers 100% Pass
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? -
✔✔Purchase an existing business
Besides defining strengths and weaknesses, what is the other main factor determined
during a self-assessment? - ✔✔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? - ✔✔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? - ✔✔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? - ✔✔Location
Which entrepreneurial trait best deals with ambiguity? - ✔✔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
COPYRIGHT © 2025 BY KATELYN WHITMAN, ALL RIGHTS RESERVED 1
, companies, prices are too high. Should Fran decide to open a flooring business, what
can be a good marketing strategy? - ✔✔Lower prices
Which are considered rewards of being an entrepreneur? Choose 3 answers. - ✔✔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? -
✔✔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. - ✔✔Financial
gain, pursing ones passion
Which are traits of a successful entrepreneur? Choose 3 answers. - ✔✔patient,
confident, and enthusiastic
Which are considered risks of being an entrepreneur? Choose 3 answers. - ✔✔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. - ✔✔Lack of patience
Bruce is an experienced mechanic that grew up in a family of entrepreneurs. He has
decided to open an auto shop that specializes in alignments, repairs, oil changes, and
warranty work for rental fleets, leasing companies and auto dealerships. Which
customer group will Bruce's company support? - ✔✔business
Phil is a master plumber looking to move his family and his business to a new city.
Before doing so, he needs to determine the demand for the services his business
COPYRIGHT © 2025 BY KATELYN WHITMAN, ALL RIGHTS RESERVED 2
