ESB
What is entrepreneurship? - ✔ ✔ Setting up a business with the aim to make a profit.
For each business, select B2B or B2C. - ✔ ✔ B2B
Purchases requiring a tax exemption certificate.
Wholesale flooring distributor.
B2C
Motorcycle repair shop.
Chain of local grocery stores.
Which legal structure should you set up for your business? - ✔ ✔ S-Corporation
For each statement about owners of equity in a business, select true or false. - ✔ ✔ True
Founders own equity.
partner owns equity.
False
All stakeholder owns equity.
Contractors own equity.
Complete the sentence about company roles and responsibilities by selecting the correct option from
each drop-down list. - ✔ ✔ 1. Piece work
2. Salary
3. Hourly
, 4. Commission
Place the stages of the business life cycle in the correct order. - ✔ ✔ Stage 1. Existence
Stage 2. Survival of the fittest
Stage 3. Success
Stage 4. Take-off
Stage 5. Maturity
Match each element of the Design Thinking Process to its corresponding description. - ✔ ✔ 1.
Empathize
2. Define
3. Ideate
4. Prototype
5. Test
Successful entrepreneurs have mindsets that typically possess which three characteristics? - ✔ ✔
Responsible
Adaptable
Tenacious
Which is one of the greatest benefits of being an entrepreneur? - ✔ ✔ Schedule control
Which three characteristics help identify a business opportunity? - ✔ ✔ Service
Price
Quality
What is entrepreneurship? - ✔ ✔ Setting up a business with the aim to make a profit.
For each business, select B2B or B2C. - ✔ ✔ B2B
Purchases requiring a tax exemption certificate.
Wholesale flooring distributor.
B2C
Motorcycle repair shop.
Chain of local grocery stores.
Which legal structure should you set up for your business? - ✔ ✔ S-Corporation
For each statement about owners of equity in a business, select true or false. - ✔ ✔ True
Founders own equity.
partner owns equity.
False
All stakeholder owns equity.
Contractors own equity.
Complete the sentence about company roles and responsibilities by selecting the correct option from
each drop-down list. - ✔ ✔ 1. Piece work
2. Salary
3. Hourly
, 4. Commission
Place the stages of the business life cycle in the correct order. - ✔ ✔ Stage 1. Existence
Stage 2. Survival of the fittest
Stage 3. Success
Stage 4. Take-off
Stage 5. Maturity
Match each element of the Design Thinking Process to its corresponding description. - ✔ ✔ 1.
Empathize
2. Define
3. Ideate
4. Prototype
5. Test
Successful entrepreneurs have mindsets that typically possess which three characteristics? - ✔ ✔
Responsible
Adaptable
Tenacious
Which is one of the greatest benefits of being an entrepreneur? - ✔ ✔ Schedule control
Which three characteristics help identify a business opportunity? - ✔ ✔ Service
Price
Quality
