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ESB Exam One (GMETRIX)( Entrepreneurship and Small Business Study Set)2023 
 
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. 
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 no...
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- Exam (elaborations)
- • 3 pages's •
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB Exam One (GMETRIX)( Entrepreneurship and Small Business Study Set)2023 
 
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. 
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 no...
ESB Questions And Answers Graded A+ 
 
Online Networking 
Each day, Donnie posts the progress of her new building to Facebook as a countdown to opening her business. What type of networking is Donnie using? 
Increase of service 
Ophelia discovers her competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? 
Which three things are defined when doing a self-assessment? 
Risk tolerance, strengths, and weaknesses 
Which ...
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- Exam (elaborations)
- • 14 pages's •
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB Questions And Answers Graded A+ 
 
Online Networking 
Each day, Donnie posts the progress of her new building to Facebook as a countdown to opening her business. What type of networking is Donnie using? 
Increase of service 
Ophelia discovers her competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back her customers? 
Which three things are defined when doing a self-assessment? 
Risk tolerance, strengths, and weaknesses 
Which ...
ESB Practice Test 2(it explorations semester 2 all correct :3)Already Passed!! 
 
In general, which characteristics define a "small" business? 
- fewer than 1,500 employees 
- less than $35.5 million revenue 
classify each of the following as either physical or digital 
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 to create a legal structure for your ...
- Package deal
- Exam (elaborations)
- • 7 pages's •
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB Practice Test 2(it explorations semester 2 all correct :3)Already Passed!! 
 
In general, which characteristics define a "small" business? 
- fewer than 1,500 employees 
- less than $35.5 million revenue 
classify each of the following as either physical or digital 
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 to create a legal structure for your ...
ESB V.2 EXAM 2 SOLVED 100% CORRECT!! 
 
In general, which two characteristics define a "small" business? (Choose two) 
Fewer then 1,500 employees 
 
AND 
 
Less than $35.5 million revenue 
Classify each of the following businesses as either Physical or Digital. 
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 to create a legal structure for your small bu...
- Package deal
- Exam (elaborations)
- • 8 pages's •
-
ESB•ESB
-
Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
Preview 2 out of 8 pages
ESB V.2 EXAM 2 SOLVED 100% CORRECT!! 
 
In general, which two characteristics define a "small" business? (Choose two) 
Fewer then 1,500 employees 
 
AND 
 
Less than $35.5 million revenue 
Classify each of the following businesses as either Physical or Digital. 
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 to create a legal structure for your small bu...
ESB V.2 EXAM 2 SOLVED 100% CORRECT!! 
 
In general, which two characteristics define a "small" business? (Choose two) 
Fewer then 1,500 employees 
 
AND 
 
Less than $35.5 million revenue 
Classify each of the following businesses as either Physical or Digital. 
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 to create a legal structure for your small bu...
- Package deal
- Exam (elaborations)
- • 8 pages's •
-
ESB•ESB
-
Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
Preview 2 out of 8 pages
ESB V.2 EXAM 2 SOLVED 100% CORRECT!! 
 
In general, which two characteristics define a "small" business? (Choose two) 
Fewer then 1,500 employees 
 
AND 
 
Less than $35.5 million revenue 
Classify each of the following businesses as either Physical or Digital. 
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 to create a legal structure for your small bu...
ESB V2 Certification Questions With Correct Answers. 
 
Quality 
_______ is measured by how well the product or service successfully serves its users' purpose. 
E-commerce sales and door-to-door sales 
What are two examples of direct distribution channels? 
Middlemen 
Indirect distribution channels use _______ to sell their products to the end customers. 
Idea 
The first stage of the product/market fit is the ________ stage. 
prototype 
The second stage of the product/market fit is the ________...
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- Exam (elaborations)
- • 5 pages's •
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
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ESB V2 Certification Questions With Correct Answers. 
 
Quality 
_______ is measured by how well the product or service successfully serves its users' purpose. 
E-commerce sales and door-to-door sales 
What are two examples of direct distribution channels? 
Middlemen 
Indirect distribution channels use _______ to sell their products to the end customers. 
Idea 
The first stage of the product/market fit is the ________ stage. 
prototype 
The second stage of the product/market fit is the ________...
ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers. 
 
What is Entrepreneurship? 
Entrepreneurship is setting up a business with the aim to make a profit. 
You've been asked to classify several businesses as either B2B or B2C. 
For each business, select B2B or B2C. 
"B2B" is an acronym for "business to business," while "B2C" means "business to consumer." B2B businesses sell products and services directly to other...
- Package deal
- Exam (elaborations)
- • 8 pages's •
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
Preview 2 out of 8 pages
ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers. 
 
What is Entrepreneurship? 
Entrepreneurship is setting up a business with the aim to make a profit. 
You've been asked to classify several businesses as either B2B or B2C. 
For each business, select B2B or B2C. 
"B2B" is an acronym for "business to business," while "B2C" means "business to consumer." B2B businesses sell products and services directly to other...
ESB Certification Test With Complete Solutions. 
 
Entrepreneurship 
Setting up business with the aim to make profit. 
B2B (business-to-business) 
Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. 
B2C (business-to-consumer) 
Sells products and services directly to customer for personal use. 
Small buisness 
A small business is when a business has less than 35.5 million dollars in revenue, and fewer than 1,500 employees....
- Package deal
- Exam (elaborations)
- • 5 pages's •
-
ESB•ESB
-
Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
Preview 2 out of 5 pages
ESB Certification Test With Complete Solutions. 
 
Entrepreneurship 
Setting up business with the aim to make profit. 
B2B (business-to-business) 
Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. 
B2C (business-to-consumer) 
Sells products and services directly to customer for personal use. 
Small buisness 
A small business is when a business has less than 35.5 million dollars in revenue, and fewer than 1,500 employees....
ESB EXAM Study Guide(Complete)2022/2023 
 
Flexibility 
Ability to adapt, willingness to change 
Courage 
Takes risks in spite of possible losses 
Empathy 
Sensitive to thoughts and feelings of others 
What are three characteristics of entrepreneurs? 
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 busine...
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- Exam (elaborations)
- • 13 pages's •
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ESB•ESB
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Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
Preview 2 out of 13 pages
ESB EXAM Study Guide(Complete)2022/2023 
 
Flexibility 
Ability to adapt, willingness to change 
Courage 
Takes risks in spite of possible losses 
Empathy 
Sensitive to thoughts and feelings of others 
What are three characteristics of entrepreneurs? 
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 busine...
ESB Exam Study Guide With Complete Solutions. 
 
Acquisition Cost 
the cost of obtaining data that you don't have 
Contingency costs 
amount of money included to cover potential events that are not specifically accounted for in a cost estimate 
Variable Cost 
a cost that rises or falls depending on how much is produced 
fixed costs 
costs that do not vary with production or sales level 
pro forma 
financial statement 
Small Business Administration (SBA) 
government agency that helps small busin...
- Package deal
- Exam (elaborations)
- • 3 pages's •
-
ESB•ESB
-
Entrepreneurship and Small Business (ESB)• By ACADEMICSTORE
Preview 1 out of 3 pages
ESB Exam Study Guide With Complete Solutions. 
 
Acquisition Cost 
the cost of obtaining data that you don't have 
Contingency costs 
amount of money included to cover potential events that are not specifically accounted for in a cost estimate 
Variable Cost 
a cost that rises or falls depending on how much is produced 
fixed costs 
costs that do not vary with production or sales level 
pro forma 
financial statement 
Small Business Administration (SBA) 
government agency that helps small busin...