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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 ...

ESB Practice Test Questions and Answers 100% Pass Which two types of information does an income statement provide? - -A classification of revenues & expenses -A classification of assets and liabilities The __________ creates budgets and financial strategies - chief financial officer (CFO) A _______ finds and invests resources to form the company and help it succeed - founder The ______ reports to the board of directors and is the highest-ranking employee in the company - CEO You need ...

ESB Practice Exam 1 Questions and Answers 100% Pass A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages. What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses? Note: Disregard associated increases in taxes, such as FICA. - -30% You've been asked to classify several businesses as either B2B or B2C For each business, select B2B or ...

ESB Practice Exam 1 Questions and Answers 100% Pass A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages. What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses? Note: Disregard associated increases in taxes, such as FICA. - -30% You've been asked to classify several businesses as either B2B or B2C For each business, select B2B or ...

Gmetrix ESB Practice Exam 1 Questions and Answers 100% Pass What is Entrepreneurship? - Setting up a business with the aim to make a profit B2B or B2C - Wholesale flooring distributer- B2B Purchases requiring a tax exemption certificate- B2B Chain of local grocery stores- B2C Motorcycle repair shop- B2C You would like some benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners that would be shareholders. None of you plan to sell your ownership ...

ESB EXAM Study Guide questions with verified solutions to pass

ESB Certification Test UPDATED Exam Questions and CORRECT Answers Entrepreneurship - CORRECT ANSWER profit. - Setting up business with the aim to make B2B (business-to-business) - CORRECT ANSWER - Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - CORRECT ANSWER to customer for personal use. Small buisness - CORRECT ANSWER - Sells products and services directly - A ...

ESB V2 Certification UPDATED ACTUAL Exam Questions and CORRECT Answers Quality - CORRECT ANSWER successfully serves its users' purpose. - _______ is measured by how well the product or service E-commerce sales and door-to-door sales - CORRECT ANSWER examples of direct distribution channels? Middlemen - CORRECT ANSWER - What are two - Indirect distribution channels use _______ to sell their products to the end customers.

ESB EXAM Study Guide UPDATED ACTUAL Exam Questions and CORRECT Answers Flexibility - CORRECT ANSWER Courage - CORRECT ANSWER Empathy - CORRECT ANSWER - Ability to adapt, willingness to change - Takes risks in spite of possible losses - Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - CORRECT ANSWER Determination, Enthusiasm - Creativity

ESB Certification Test UPDATED ACTUAL Exam Questions and CORRECT Answers Entrepreneurship - CORRECT ANSWER profit. - Setting up business with the aim to make B2B (business-to-business) - CORRECT ANSWER - Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - CORRECT ANSWER to customer for personal use. Small buisness - CORRECT ANSWER - Sells products and services dir...

ESB Certification Exam Study Guide UPDATED ACTUAL Exam Questions and CORRECT Answers Domain 1 Lesson 1 - CORRECT ANSWER - The key objective of a small business owner is to generate ____ - CORRECT ANSWER profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly - CORRECT ANSWER - risk

ESB Certification Exam Review UPDATED ACTUAL Exam Questions and CORRECT Answers James owns a restaurant with beginning cash balance of $5,000, $30,000 in sales, $2,000 in utilities, $6,000 in loans and $4,000 in marketing. What is James ending cash balance? - CORRECT ANSWER - $24,800 Shelly owns a car dealership. She just received a shipment of teslas and paid $70,000 for each one and wants to make 25%. What should her selling price be? - CORRECT ANSWER $87,500 TRUE OR F...

ESB Test 1 UPDATED Exam Questions and CORRECT Answers Heuristics - CORRECT ANSWER - involving/serving as an aid to learning, discovery, or problems solving by experimental and especially trial and error methods. usually (but not always) a good way to make decisions about the world Availability Heuristic - CORRECT ANSWER - A mental shortcut for judging the likelihood of an event occurring based on how easily we can think of similar or relevant instances Representativeness h...

ESB Practice Exam UPDATED ACTUAL Exam Questions and CORRECT Answers T/F Trademark licensing is used for brand names, logos, or slogans - CORRECT ANSWER - True This segment describes the benefits to customers based on their wants or needs and how they use the product - CORRECT ANSWER - Behavioral T/F Trade secret licensing must be registered with the gov - CORRECT ANSWER - True T/F The design thinking process places a high emphasis on developing customer empathy - CORREC...

ESB Exam UPDATED ACTUAL Exam Questions and CORRECT Answers Entrpreneurship - CORRECT ANSWER profit. Entrepreneur - CORRECT ANSWER - Setting up a business with the aim to make a - An individual with an idea to offer an innovative product or service about which they are passionate. Characteristics of an Entrepreneur - CORRECT ANSWER - Responsible, Tenacious, Adaptable, Doesn't give up easily, Risk tolerant, self-reliant, able to recognize opportunities, displays initia...

ESB EXAM UPDATED Exam Questions and CORRECT Answers What is entepenuership? - CORRECT ANSWER make a profit B2B (business-to-business) - CORRECT ANSWER - setting up a buisness with the aim to - A commercial exchange (e.g., products or services) between businesses, typically enabled by the Internet or electronic means. B2C (business-to-consumer) - CORRECT ANSWER sell to consumers S-Corporation - CORRECT ANSWER - the process by which businesses - a form of corporation ...

ESB EXAM Study Guide UPDATED Exam Questions and CORRECT Answers Acquisition Cost - CORRECT ANSWER Contingency costs - CORRECT ANSWER - the cost of obtaining data that you don't have - amount of money included to cover potential events that are not specifically accounted for in a cost estimate Variable Cost - CORRECT ANSWER produced fixed costs - CORRECT ANSWER pro forma - CORRECT ANSWER - a cost that rises or falls depending on how much is - costs that do not ...

E.S.B. gmetrix certification UPDATED Exam Questions and CORRECT Answers 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? - 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

ESB Practice Test UPDATED ACTUAL Exam Questions and CORRECT Answers Which two types of information does an income statement provide? - CORRECT ANSWER - -A classification of revenues & expenses -A classification of assets and liabilities The __________ creates budgets and financial strategies - CORRECT ANSWER financial officer (CFO) - chief A _______ finds and invests resources to form the company and help it succeed - CORRECT ANSWER - founder

ESB Practice Exam 1 UPDATED ACTUAL Exam Questions and CORRECT Answers A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages. What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses? Note: Disregard associated increases in taxes, such as FICA. - CORRECT ANSWER 30% You've been asked to classify several businesses as eithe...