ESB EXAM STUDY QUESTIONS
(SET 2025) |GUARANTEED
ACCURATE ANSWERS
Flexibility - ACCURATE ANSWERS✔✔ Ability to adapt, willingness
to change
Courage - ACCURATE ANSWERS✔✔ Takes risks in spite of possible
losses
Empathy - ACCURATE ANSWERS✔✔ Sensitive to thoughts and
feelings of others
What are three characteristics of entrepreneurs? - ACCURATE
ANSWERS✔✔ Creativity, Determination, Enthusiasm
After a self-assessment, a potential entrepreneur has learned that she has
a very low risk tolerance. Based upon this finding, which approach
might be less stressful for the entrepreneur to have her own business? -
ACCURATE ANSWERS✔✔ Buy an existing business that is already
successful.
An entrepreneur moves into a small town and notices several stores
selling guns and ammunition. The entrepreneur loves to compete in
,competitive shooting events. Based on the scenario provided, what
should be emphasized in marketing to attract customers? - ACCURATE
ANSWERS✔✔ Location
An entrepreneur has been working for a flooring business in a
neighboring town. He feels he is ready to open his own flooring business
in his local community. Which should be emphasized in marketing to
attract customers to his new business? - ACCURATE ANSWERS✔✔
Lower Prices
Which is one of the greatest benefits of entrepreneurship? - ACCURATE
ANSWERS✔✔ Being your own boss
Which are three risks of entrepreneurship? - ACCURATE
ANSWERS✔✔ Long hours, potential business failure, financial
insecurity
Gabe has worked as a journeyman electrician for an employer for the
past 16 years. He is paid a good salary. His only dissatisfaction is the
hours are long and often when he requests time off he is denied because
of customer workload.
Which benefit of entrepreneurship will Gabe most enjoy? - ACCURATE
ANSWERS✔✔ Autonomy
, What is a primary benefit of starting a new business without purchasing
a franchise or buying an existing business? - ACCURATE
ANSWERS✔✔ Developing your own rules
A mechanic just graduated from motorcycle repair school and wants to
start a business because there is a lack of motorcycle repair shops in the
local town. Given the facts provided, which opportunity would be the
best choice for the motorcycle mechanic to open a business? -
ACCURATE ANSWERS✔✔ Start a new business and invest $50,000 in
modern diagnostic tools.
An entrepreneur who has a hobby in leathercraft wants to turn it into a
business. She wants to sell purses, belts, and other leathercrafts from her
home. Which opportunity for starting a leathercraft business would have
the highest probability of success? - ACCURATE ANSWERS✔✔ Build
an online storefront
Based upon the education and skills gained from the years of vocational
training as an auto mechanic, as well as having grown up in a family of
entrepreneurs, a young adult decides to open an auto mechanic shop.
Which customer group will this new auto mechanic business support? -
ACCURATE ANSWERS✔✔ Businesses
The owner of a pizza delivery business is seeking new customers. The
owner has identified a group of potential customers that have moved into
some new housing within reaches of his drivers. Which method of
(SET 2025) |GUARANTEED
ACCURATE ANSWERS
Flexibility - ACCURATE ANSWERS✔✔ Ability to adapt, willingness
to change
Courage - ACCURATE ANSWERS✔✔ Takes risks in spite of possible
losses
Empathy - ACCURATE ANSWERS✔✔ Sensitive to thoughts and
feelings of others
What are three characteristics of entrepreneurs? - ACCURATE
ANSWERS✔✔ Creativity, Determination, Enthusiasm
After a self-assessment, a potential entrepreneur has learned that she has
a very low risk tolerance. Based upon this finding, which approach
might be less stressful for the entrepreneur to have her own business? -
ACCURATE ANSWERS✔✔ Buy an existing business that is already
successful.
An entrepreneur moves into a small town and notices several stores
selling guns and ammunition. The entrepreneur loves to compete in
,competitive shooting events. Based on the scenario provided, what
should be emphasized in marketing to attract customers? - ACCURATE
ANSWERS✔✔ Location
An entrepreneur has been working for a flooring business in a
neighboring town. He feels he is ready to open his own flooring business
in his local community. Which should be emphasized in marketing to
attract customers to his new business? - ACCURATE ANSWERS✔✔
Lower Prices
Which is one of the greatest benefits of entrepreneurship? - ACCURATE
ANSWERS✔✔ Being your own boss
Which are three risks of entrepreneurship? - ACCURATE
ANSWERS✔✔ Long hours, potential business failure, financial
insecurity
Gabe has worked as a journeyman electrician for an employer for the
past 16 years. He is paid a good salary. His only dissatisfaction is the
hours are long and often when he requests time off he is denied because
of customer workload.
Which benefit of entrepreneurship will Gabe most enjoy? - ACCURATE
ANSWERS✔✔ Autonomy
, What is a primary benefit of starting a new business without purchasing
a franchise or buying an existing business? - ACCURATE
ANSWERS✔✔ Developing your own rules
A mechanic just graduated from motorcycle repair school and wants to
start a business because there is a lack of motorcycle repair shops in the
local town. Given the facts provided, which opportunity would be the
best choice for the motorcycle mechanic to open a business? -
ACCURATE ANSWERS✔✔ Start a new business and invest $50,000 in
modern diagnostic tools.
An entrepreneur who has a hobby in leathercraft wants to turn it into a
business. She wants to sell purses, belts, and other leathercrafts from her
home. Which opportunity for starting a leathercraft business would have
the highest probability of success? - ACCURATE ANSWERS✔✔ Build
an online storefront
Based upon the education and skills gained from the years of vocational
training as an auto mechanic, as well as having grown up in a family of
entrepreneurs, a young adult decides to open an auto mechanic shop.
Which customer group will this new auto mechanic business support? -
ACCURATE ANSWERS✔✔ Businesses
The owner of a pizza delivery business is seeking new customers. The
owner has identified a group of potential customers that have moved into
some new housing within reaches of his drivers. Which method of
