Certiport Business Study Guide.
What is Entrepreneurship?
Which is B2B?
Which is B2C?
1. Setting up a business
with the aim to make
a profit
2. Purchasing requiring a
tax exemption
certificate and
wholesale floor
distributor.
3. Chain of local grocery
stores and motorcycle
repair shop.
4. S-Cooperation You need to create a legal structure for your small
business. You would like some of the benefits enjoyed by
large corporations, but do not want to be taxed twice. You
have four partners who will be shareholders. None of
you plan to sell your ownership shares to the public,
but do want to be protected from business liabilities.
Which legal structure should you set up for your business?
5. TRUE TRUE OR FALSE
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35
, Certiport Business Study Guide.
Founders own equity and a partner owns equity
6. FALSE TRUE OR FALSE
All stakeholder owns equity and contractors own equity
7. Piece Work An example of BLANK compensation is paying field
laborers for the amount of fruit they pick.
8. Salary A BLANK employee receives a set amount of pay each
month without overtime compensation for extra
hours worked
9. Commission An employee who is paid a percentage of a sale is paid by
BLANK
10. What is the business life cycle?
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35
, Certiport Business Study Guide.
Existence, Survival of the
Fittest, Success, Take-off,
and Maturity
11. Empathize Research your users' needs
12. Define State your users' needs and problems
13. Ideate Challenge assumptions and create ideas
14. Prototype Create Solutions
15. Test Try your solutions
16. Responsible, Adaptable, Successful entrepreneurs have mindsets that typically
and Tenacious possess which three characteristics?
17. Schedule control Which is one of the greatest benefits of being an
entrepreneur?
18. Service, Price, and Quality Which three characteristics help identify a business
opportunity?
19. Ask the customers in The owner of a landscaping business has noticed
the area if they are that none of his competitors are including ponds or
interested in adding a other water features in the gardens they create. The
water feature to their
landscaper wants to determine the viability of this
gardens.
business opportunity.
What should this entrepreneurship do FIRST before
ottering to design and build water features as part of
his landscaping business?
20. Lean Canvas and Pitch Deck Which two documents summarize the business plan o
a com-
pany?
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35
, Certiport Business Study Guide.
21. TRUE TRUE OR FALSE
A pitch deck is a visual slide presentation.
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35
What is Entrepreneurship?
Which is B2B?
Which is B2C?
1. Setting up a business
with the aim to make
a profit
2. Purchasing requiring a
tax exemption
certificate and
wholesale floor
distributor.
3. Chain of local grocery
stores and motorcycle
repair shop.
4. S-Cooperation You need to create a legal structure for your small
business. You would like some of the benefits enjoyed by
large corporations, but do not want to be taxed twice. You
have four partners who will be shareholders. None of
you plan to sell your ownership shares to the public,
but do want to be protected from business liabilities.
Which legal structure should you set up for your business?
5. TRUE TRUE OR FALSE
1/
35
, Certiport Business Study Guide.
Founders own equity and a partner owns equity
6. FALSE TRUE OR FALSE
All stakeholder owns equity and contractors own equity
7. Piece Work An example of BLANK compensation is paying field
laborers for the amount of fruit they pick.
8. Salary A BLANK employee receives a set amount of pay each
month without overtime compensation for extra
hours worked
9. Commission An employee who is paid a percentage of a sale is paid by
BLANK
10. What is the business life cycle?
2/
35
, Certiport Business Study Guide.
Existence, Survival of the
Fittest, Success, Take-off,
and Maturity
11. Empathize Research your users' needs
12. Define State your users' needs and problems
13. Ideate Challenge assumptions and create ideas
14. Prototype Create Solutions
15. Test Try your solutions
16. Responsible, Adaptable, Successful entrepreneurs have mindsets that typically
and Tenacious possess which three characteristics?
17. Schedule control Which is one of the greatest benefits of being an
entrepreneur?
18. Service, Price, and Quality Which three characteristics help identify a business
opportunity?
19. Ask the customers in The owner of a landscaping business has noticed
the area if they are that none of his competitors are including ponds or
interested in adding a other water features in the gardens they create. The
water feature to their
landscaper wants to determine the viability of this
gardens.
business opportunity.
What should this entrepreneurship do FIRST before
ottering to design and build water features as part of
his landscaping business?
20. Lean Canvas and Pitch Deck Which two documents summarize the business plan o
a com-
pany?
3/
35
, Certiport Business Study Guide.
21. TRUE TRUE OR FALSE
A pitch deck is a visual slide presentation.
4/
35
