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ESB 680
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ESB FINAL EXAM STUDY GUIDE LATEST UPDATE 2024 WITH CORRECT AND WELL RESEARCHED ANSWERS/ ALREADY PASSED 
 
 
 
Flexibility Ability to adapt, willingness to change 
 
 
 
 
Courage Takes risks in spite of possible losses
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ESB FINAL EXAM STUDY GUIDE LATEST UPDATE 2024 WITH CORRECT AND WELL RESEARCHED ANSWERS/ ALREADY PASSED 
 
 
 
Flexibility Ability to adapt, willingness to change 
 
 
 
 
Courage Takes risks in spite of possible losses
The owner of a mobile food truck plans to sell tacos , hamburgers, and other foods to employees in a large office complex . Before opening his business , the owner will most likely need to obtain which of the following documents from each employee to verify they have completed a course in food handling safety? correct answers certificate 
 
The owner of a pet supply store wants to expand her business and by boarding animals. She has designed plans to add a 30^ prime *60^ prime kennel onto the ba...
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ESB•ESB
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Entrepreneurship & Small Business || with Accurate Answers 100%.• By FullyFocus
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The owner of a mobile food truck plans to sell tacos , hamburgers, and other foods to employees in a large office complex . Before opening his business , the owner will most likely need to obtain which of the following documents from each employee to verify they have completed a course in food handling safety? correct answers certificate 
 
The owner of a pet supply store wants to expand her business and by boarding animals. She has designed plans to add a 30^ prime *60^ prime kennel onto the ba...
Research Process correct answers Question, design, findings, publishing 
 
True Experiment correct answers designs in which the researcher manipulates ALL independent variables; total control over who's in what group 
 
Quasi Experimental Design correct answers designs in which random assignments cannot be used 
 
Quasi Independent Variables correct answers variables treated as if they were independent variables in the experimental design even though the researchers did not manipulate them 
 
S...
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ESB•ESB
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Entrepreneurship & Small Business || with Accurate Answers 100%.• By FullyFocus
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Research Process correct answers Question, design, findings, publishing 
 
True Experiment correct answers designs in which the researcher manipulates ALL independent variables; total control over who's in what group 
 
Quasi Experimental Design correct answers designs in which random assignments cannot be used 
 
Quasi Independent Variables correct answers variables treated as if they were independent variables in the experimental design even though the researchers did not manipulate them 
 
S...
Ophelia runs a local seamstress business. Ophelia is losing customers to a competing business. Upon sending an employee over to check out the competition, Ophelia discovers the competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? correct answers service 
 
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...
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ESB•ESB
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Entrepreneurship & Small Business || with Accurate Answers 100%.• By FullyFocus
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Ophelia runs a local seamstress business. Ophelia is losing customers to a competing business. Upon sending an employee over to check out the competition, Ophelia discovers the competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? correct answers service 
 
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...
ESB V.2 EXAM 2 Questions And 
Revised Correct Answers 
1. In general, which two characteristics define a "small" 
business? (Choose two) - ANSWER : Fewer then 
1,500 employees 
AND 
Less than $35.5 million revenue 
2. Classify each of the following businesses as either 
Physical or Digital. - ANSWER : Physical: 
- Bakery in your community 
- Hair salon that makes appointments online 
Digital: 
- Online store that dropships camping gear 
- Bookstore on Amazon that sells eBooks 
You need ...
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ESB•ESB
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ESB V.2 EXAM 2 Questions And 
Revised Correct Answers 
1. In general, which two characteristics define a "small" 
business? (Choose two) - ANSWER : Fewer then 
1,500 employees 
AND 
Less than $35.5 million revenue 
2. Classify each of the following businesses as either 
Physical or Digital. - ANSWER : Physical: 
- Bakery in your community 
- Hair salon that makes appointments online 
Digital: 
- Online store that dropships camping gear 
- Bookstore on Amazon that sells eBooks 
You need ...
ESB V2 Certification Test 
Questions And Revised Correct 
Answers 
Quality - ANSWER : _______ is measured by how well the 
product or service successfully serves its users' purpose. 
E-commerce sales and door-to-door sales - ANSWER : What 
are two examples of direct distribution channels? 
Middlemen - ANSWER : Indirect distribution channels use 
_______ to sell their products to the end customers. 
Idea - ANSWER : The first stage of the product/market fit is the 
________ stage. 
prototyp...
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ESB V2 Certification Test 
Questions And Revised Correct 
Answers 
Quality - ANSWER : _______ is measured by how well the 
product or service successfully serves its users' purpose. 
E-commerce sales and door-to-door sales - ANSWER : What 
are two examples of direct distribution channels? 
Middlemen - ANSWER : Indirect distribution channels use 
_______ to sell their products to the end customers. 
Idea - ANSWER : The first stage of the product/market fit is the 
________ stage. 
prototyp...
ESB EXAM Study Guide 
Questions And Revised Correct 
Answers 
Flexibility - ANSWER : Ability to adapt, willingness to 
change 
Courage - ANSWER : Takes risks in spite of possible 
losses 
Empathy - ANSWER : Sensitive to thoughts and feelings 
of others 
What are three characteristics of entrepreneurs? - 
ANSWER : 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 appr...
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ESB EXAM Study Guide 
Questions And Revised Correct 
Answers 
Flexibility - ANSWER : Ability to adapt, willingness to 
change 
Courage - ANSWER : Takes risks in spite of possible 
losses 
Empathy - ANSWER : Sensitive to thoughts and feelings 
of others 
What are three characteristics of entrepreneurs? - 
ANSWER : 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 appr...
ESB certification vocabulary(Vocab for certification test)2023 
 
Break Even Formula 
To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. 
Driving Sales 
the largest automotive marketing resource and car dealer social network, providing industry best practices and more 
Inventory Loan 
The ...
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB certification vocabulary(Vocab for certification test)2023 
 
Break Even Formula 
To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. 
Driving Sales 
the largest automotive marketing resource and car dealer social network, providing industry best practices and more 
Inventory Loan 
The ...
ESB Certification Exam Study Guide (Answered) Complete Verified Solution 
 
Domain 1 Lesson 1 
The key objective of a small business owner is to generate ____ 
profits 
Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly 
risks 
Tangible items that require pick-up or delivery are ____ products 
physical 
When a ____ purchases an item from a business, it is a business-to-consumer transaction 
customer 
____ are for-profit corporations with limi...
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB Certification Exam Study Guide (Answered) Complete Verified Solution 
 
Domain 1 Lesson 1 
The key objective of a small business owner is to generate ____ 
profits 
Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly 
risks 
Tangible items that require pick-up or delivery are ____ products 
physical 
When a ____ purchases an item from a business, it is a business-to-consumer transaction 
customer 
____ are for-profit corporations with limi...
ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts 
 
B2B 
A business-to-business (B2B) commercial transaction between businesses 
B2C 
A business-to-consumer (B2C) transaction 
Brand recognition 
The level of familiarity one has with a brand 
Business Opportunity 
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible 
Business Plan 
A document that addresses the concept, customers, and capital for a business 
C Corporation ...
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts 
 
B2B 
A business-to-business (B2B) commercial transaction between businesses 
B2C 
A business-to-consumer (B2C) transaction 
Brand recognition 
The level of familiarity one has with a brand 
Business Opportunity 
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible 
Business Plan 
A document that addresses the concept, customers, and capital for a business 
C Corporation ...