ESB Testing Mode Exam 1
Questions & 100% Correct
Answers
What is Entrepreneurship? - correct answer ✔✔Setting up a business with the aim to make a
profit.
Which three characteristics help identify a business opportunity? - correct answer ✔✔Service,
Price, and Quality
You are a technical trainer. You teach online courses to help workers more efficiently use
Microsoft Office applications. What is an effective way to measure your teaching performance
during an online course? - correct answer ✔✔Conduct onscreen pop-up quizzes
what are two benefits of equity funding? - correct answer ✔✔can be used to raise working
capital.
invenstors do not get paid if the business does not make profit.
Successful entrepreneurs have mindsets that typically possess which three characteristics? -
correct answer ✔✔Responsible
Adaptable
Tenacious.
you operate a small insurance office with a partner
What expense is a fixed cost? - correct answer ✔✔Property lease for the office.
, Which two are offline marketing platforms? - correct answer ✔✔Flyers and Pamphlets
TV ads
Which two ways can customer service and support affect sales? - correct answer ✔✔More sales
through customer evangelists.
Increased sales through responsiveness and personalization.
Existence - correct answer ✔✔Stage 1
survival of the fittest. - correct answer ✔✔Stage 2
success - correct answer ✔✔Stage 3
take off - correct answer ✔✔Stage 4
maturity - correct answer ✔✔Stage 5
For each statement about requirements for equity versus the financing select true or false -
correct answer ✔✔True:
• debt financing requires borrowing money whereas equity financing requires selling a portion
of the company
• The main advantage of equity financing is that there is no obligation to repay the money
acquired through it
• creditors look favorably upon a relatively low debt to equity ratio which benefits the company
if it needs to access additional debt financing in the future
False:
• Equity financing place is a large financial burden on the company
Questions & 100% Correct
Answers
What is Entrepreneurship? - correct answer ✔✔Setting up a business with the aim to make a
profit.
Which three characteristics help identify a business opportunity? - correct answer ✔✔Service,
Price, and Quality
You are a technical trainer. You teach online courses to help workers more efficiently use
Microsoft Office applications. What is an effective way to measure your teaching performance
during an online course? - correct answer ✔✔Conduct onscreen pop-up quizzes
what are two benefits of equity funding? - correct answer ✔✔can be used to raise working
capital.
invenstors do not get paid if the business does not make profit.
Successful entrepreneurs have mindsets that typically possess which three characteristics? -
correct answer ✔✔Responsible
Adaptable
Tenacious.
you operate a small insurance office with a partner
What expense is a fixed cost? - correct answer ✔✔Property lease for the office.
, Which two are offline marketing platforms? - correct answer ✔✔Flyers and Pamphlets
TV ads
Which two ways can customer service and support affect sales? - correct answer ✔✔More sales
through customer evangelists.
Increased sales through responsiveness and personalization.
Existence - correct answer ✔✔Stage 1
survival of the fittest. - correct answer ✔✔Stage 2
success - correct answer ✔✔Stage 3
take off - correct answer ✔✔Stage 4
maturity - correct answer ✔✔Stage 5
For each statement about requirements for equity versus the financing select true or false -
correct answer ✔✔True:
• debt financing requires borrowing money whereas equity financing requires selling a portion
of the company
• The main advantage of equity financing is that there is no obligation to repay the money
acquired through it
• creditors look favorably upon a relatively low debt to equity ratio which benefits the company
if it needs to access additional debt financing in the future
False:
• Equity financing place is a large financial burden on the company
