ESB - Certification Practice 1

Front

Which statement defines entrepreneurship?

Back

Setting up a business with the aim to make a profit

Front

Legal structure for a small business with benefits of a large corporation, no double taxation, four partners as shareholders, no public share selling, protection from liabilities.

Back

S-Corporation

Front

Which business compensation structure is most affected by minimum wage laws? Options: Piece Work, Salary, Hourly, Commission

Back

Hourly

Front

An example of _____________ compensation is paying field laborers for the amount of fruit they pick.

Back

Piece Work

Front

An employee who is paid a percentage of a sale is paid by ________.

Back

Commission

Front

Which is the LAST stage in the five stages of the business life cycle?

Back

Maturity

Front

Which is the LAST step in the Design Thinking Process?

Back

Test

Front

Which is the greatest benefit of being an entrepreneur? Options: Schedule control, Quick ROI (Return On Investment), Meeting new people, Paying less taxes

Back

Schedule control

Front

What should a landscaper do first to determine the viability of offering water features in gardens?

Back

Ask customers in the area if they are interested in adding water features

Front

Is a Pitch Deck highly visual?

Back

True