ESB Exam One (GMETRIX) 2026
Questions and Answers
What is Entrepreneurship?
A) Marketing and selling products.
B) Setting up a business with the aim to make a profit.
C) Acquiring leadership and managerial skills.
D) Quickly advancing in positions within a corporation. - Correct answer-B)
Setting up a business with the aim to make a profit.
You need to create a legal structure for your small business. You would like some
of the benefits enjoyed by large corporations, but do not want to be taxed twice.
You have four partners who will be shareholders. None of you plan to sell your
ownership shares to the public, but do want to be protected from business
liabilities.
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, Which legal structure should you set up for your business?
A) Sole Proprietorship
B) C-Corporation
C) Limited Liability Company
D) S-Corporation - Correct answer-D) S-Corporation
Which is one of the greatest benefits of being an entrepreneur?
A)
B)
C)
D) - Correct answer-Schedule control
The owner of a landscaping business has notified that none of his competitors are
including ponds or other water features in the gardens they create. The landscaper
wants to determine the viability of this business opportunity.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Questions and Answers
What is Entrepreneurship?
A) Marketing and selling products.
B) Setting up a business with the aim to make a profit.
C) Acquiring leadership and managerial skills.
D) Quickly advancing in positions within a corporation. - Correct answer-B)
Setting up a business with the aim to make a profit.
You need to create a legal structure for your small business. You would like some
of the benefits enjoyed by large corporations, but do not want to be taxed twice.
You have four partners who will be shareholders. None of you plan to sell your
ownership shares to the public, but do want to be protected from business
liabilities.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Which legal structure should you set up for your business?
A) Sole Proprietorship
B) C-Corporation
C) Limited Liability Company
D) S-Corporation - Correct answer-D) S-Corporation
Which is one of the greatest benefits of being an entrepreneur?
A)
B)
C)
D) - Correct answer-Schedule control
The owner of a landscaping business has notified that none of his competitors are
including ponds or other water features in the gardens they create. The landscaper
wants to determine the viability of this business opportunity.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
