ESB CERTIFICATION EOC EXAMS 2026 SET QUESTIONS
AND ANSWERS SURE A+
✔✔What is the primary advantage of the General Partnership versus a Sole
Proprietorship? - ✔✔More than one person is responsible for financial backing
✔✔A fitness trainer wants to create a legal structure that will help protect her from
lawsuits. She will have no partners or employees. - ✔✔Limited Liability Company
✔✔A beekeeper wants to start a seasonal business renting hives to farmers to pollinate
their orchards and crops. The beekeeper believes the business will cover its own costs
after three months, and that start-up expenses for hives, trucking, and other costs
through that same time will be $18,000. What is Total Financing Required by the
beekeeper? - ✔✔$29,700
✔✔An entrepreneur discovers that residents in a small rural area travel an average of
10 miles to shop at the nearest grocery store. The entrepreneur finds an old two story
ranch house for sale located on a busy road in the center of the rural area. What will the
entrepreneur need to obtain before proceeding? - ✔✔Zoning variance
✔✔Businesses accept many forms of payment in exchange for goods and services. -
✔✔Cash- government back currency
Check- payable note used by account owner to pay debt
Debit card- electronic deduction from existing account
Line of Credit- a loan to purchase now and pay later
✔✔A chef is interested in opening a restaurant in a nearby town. He wants to learn
more about possible competitors. Where should the chef go to obtain a list of
restaurants in the nearby town? - ✔✔Local Chamber of Commerce
✔✔An auto mechanic opens a business in a community that has a history of auto repair
shops delivering poor quality workmanship. How can the new auto mechanic regain the
trust of local customers? - ✔✔Advertise a free 90-day warranty on all repairs
✔✔The owner of a small successful hardware store has died and left the business to his
children. None of his children want to operate the business. They decide to sell. The
business has a book value of $876,400 and annual earnings of $1,050,600. Four
companies have made offers to buy the hardware store. Which is the better offer? -
✔✔Company C has offered to pay three times the book value
, ✔✔A non-profit organization wants to hire a Director. The organization has been
operating for only a year and is growing fast. The newly created Director position will
responsible for all aspects of operating the entire organization, so the founders want to
hire a candidate with at least 10 years experience. Which factor could prevent the hire?
- ✔✔Whether the non-profit organization can afford the salary to attract a qualified
candidate
✔✔A real estate broker employs 10 real estate agents. The broker provides offices,
administrative support, and marketing for her agents. Which of the following should
outsourced? - ✔✔Internet services
✔✔A fitness trainer provides her services to clients as a sole proprietorship. What are
the tax implications for this structure? - ✔✔Income earned by a sole proprietorship
passes to one owner to be taxed
✔✔An entrepreneur invents a new kind of ice cream scoop that is heated in a
microwave oven to make scooping ice cream easier. What should the entrepreneur do
to protect the invention? - ✔✔Apply for a patent on the ice cream scoop
✔✔The owner of a rapidly growing landscaping business is finding the workload
increasingly difficult to manage projects, acquire clients, supervise employees, keep
records and pay bills. What business is being implemented in this example? -
✔✔Separation of Duties
✔✔The owner of a gourmet chocolate shop creates treats that have unique flavors
derived from cocoa grown only in specific regions of the world. On which segment of the
supply chain should the owner focus? - ✔✔Between the gourmet chocolate shop and
the base chocolate suppliers
✔✔A new dog grooming business is setting milestones that will determine if it is
successful or not. The owner has decided the business will be considered successful
when it starts to make a profit. Which milestone will measure profitability? - ✔✔When
revenue exceeds the break-even point
✔✔A mobile lunch truck is introducing a new seasonal salad. Which group of people
would be the most likely to purchase this new salad? - ✔✔Employees who work at
nearby businesses
✔✔A consultant wants to use a form of personal communication to market his services
to businesses during a conference. Which form of communication should be used? -
✔✔Networking
AND ANSWERS SURE A+
✔✔What is the primary advantage of the General Partnership versus a Sole
Proprietorship? - ✔✔More than one person is responsible for financial backing
✔✔A fitness trainer wants to create a legal structure that will help protect her from
lawsuits. She will have no partners or employees. - ✔✔Limited Liability Company
✔✔A beekeeper wants to start a seasonal business renting hives to farmers to pollinate
their orchards and crops. The beekeeper believes the business will cover its own costs
after three months, and that start-up expenses for hives, trucking, and other costs
through that same time will be $18,000. What is Total Financing Required by the
beekeeper? - ✔✔$29,700
✔✔An entrepreneur discovers that residents in a small rural area travel an average of
10 miles to shop at the nearest grocery store. The entrepreneur finds an old two story
ranch house for sale located on a busy road in the center of the rural area. What will the
entrepreneur need to obtain before proceeding? - ✔✔Zoning variance
✔✔Businesses accept many forms of payment in exchange for goods and services. -
✔✔Cash- government back currency
Check- payable note used by account owner to pay debt
Debit card- electronic deduction from existing account
Line of Credit- a loan to purchase now and pay later
✔✔A chef is interested in opening a restaurant in a nearby town. He wants to learn
more about possible competitors. Where should the chef go to obtain a list of
restaurants in the nearby town? - ✔✔Local Chamber of Commerce
✔✔An auto mechanic opens a business in a community that has a history of auto repair
shops delivering poor quality workmanship. How can the new auto mechanic regain the
trust of local customers? - ✔✔Advertise a free 90-day warranty on all repairs
✔✔The owner of a small successful hardware store has died and left the business to his
children. None of his children want to operate the business. They decide to sell. The
business has a book value of $876,400 and annual earnings of $1,050,600. Four
companies have made offers to buy the hardware store. Which is the better offer? -
✔✔Company C has offered to pay three times the book value
, ✔✔A non-profit organization wants to hire a Director. The organization has been
operating for only a year and is growing fast. The newly created Director position will
responsible for all aspects of operating the entire organization, so the founders want to
hire a candidate with at least 10 years experience. Which factor could prevent the hire?
- ✔✔Whether the non-profit organization can afford the salary to attract a qualified
candidate
✔✔A real estate broker employs 10 real estate agents. The broker provides offices,
administrative support, and marketing for her agents. Which of the following should
outsourced? - ✔✔Internet services
✔✔A fitness trainer provides her services to clients as a sole proprietorship. What are
the tax implications for this structure? - ✔✔Income earned by a sole proprietorship
passes to one owner to be taxed
✔✔An entrepreneur invents a new kind of ice cream scoop that is heated in a
microwave oven to make scooping ice cream easier. What should the entrepreneur do
to protect the invention? - ✔✔Apply for a patent on the ice cream scoop
✔✔The owner of a rapidly growing landscaping business is finding the workload
increasingly difficult to manage projects, acquire clients, supervise employees, keep
records and pay bills. What business is being implemented in this example? -
✔✔Separation of Duties
✔✔The owner of a gourmet chocolate shop creates treats that have unique flavors
derived from cocoa grown only in specific regions of the world. On which segment of the
supply chain should the owner focus? - ✔✔Between the gourmet chocolate shop and
the base chocolate suppliers
✔✔A new dog grooming business is setting milestones that will determine if it is
successful or not. The owner has decided the business will be considered successful
when it starts to make a profit. Which milestone will measure profitability? - ✔✔When
revenue exceeds the break-even point
✔✔A mobile lunch truck is introducing a new seasonal salad. Which group of people
would be the most likely to purchase this new salad? - ✔✔Employees who work at
nearby businesses
✔✔A consultant wants to use a form of personal communication to market his services
to businesses during a conference. Which form of communication should be used? -
✔✔Networking
