©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+
ESB Exam Questions And Answers |Latest
2025 | Guaranteed Pass
What is entrepreneurship? - Answer✔Setting up a business with the aim to make a profit.
For each business, select B2B or B2C. - Answer✔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? - Answer✔S-Corporation
For each statement about owners of equity in a business, select true or false. - Answer✔True
Founders own equity.
partner owns equity.
False
All stakeholder owns equity.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+
Contractors own equity.
Complete the sentence about company roles and responsibilities by selecting the correct option
from each drop-down list. - Answer✔1. Piece work
2. Salary
3. Hourly
4. Commission
Place the stages of the business life cycle in the correct order. - Answer✔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. -
Answer✔1. Empathize
2. Define
3. Ideate
4. Prototype
5. Test
Successful entrepreneurs have mindsets that typically possess which three characteristics? -
Answer✔Responsible
Adaptable
Tenacious
Which is one of the greatest benefits of being an entrepreneur? - Answer✔Schedule control
2
ESB Exam Questions And Answers |Latest
2025 | Guaranteed Pass
What is entrepreneurship? - Answer✔Setting up a business with the aim to make a profit.
For each business, select B2B or B2C. - Answer✔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? - Answer✔S-Corporation
For each statement about owners of equity in a business, select true or false. - Answer✔True
Founders own equity.
partner owns equity.
False
All stakeholder owns equity.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+
Contractors own equity.
Complete the sentence about company roles and responsibilities by selecting the correct option
from each drop-down list. - Answer✔1. Piece work
2. Salary
3. Hourly
4. Commission
Place the stages of the business life cycle in the correct order. - Answer✔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. -
Answer✔1. Empathize
2. Define
3. Ideate
4. Prototype
5. Test
Successful entrepreneurs have mindsets that typically possess which three characteristics? -
Answer✔Responsible
Adaptable
Tenacious
Which is one of the greatest benefits of being an entrepreneur? - Answer✔Schedule control
2
