DAOF ESB Unit 1 Review

Front

What type of entity are Jackson, William, and Abigail creating if they want everyone to have a say and share the benefits because they all have the same goal? Options: partnership, sole proprietorship, cooperative (co-op), S corporation (S corp)

Back

cooperative (co-op)

Front

During the ideate stage of design thinking, would David and Maya be building a scaled-down version of their product for users to try out?

Back

False

Front

What forms the foundation of an employee's compensation package, usually determined by job responsibilities, market rates, and the individual's skills and experience?

Back

Base salary

Front

Which type of compensation includes extra elements that are only given if they hit certain goals, targets, or performance benchmarks?

Back

Variable pay

Front

Isla and Rohan are eager to tackle a big challenge! Which stage of the design thinking process are they in when they focus on truly understanding the issue they want to solve?

Back

Empathize

Front

Harper claims that user-centric research is the main focus during the prototype stage. Is Harper correct?

Back

False

Front

Which type of business means its owners are not personally liable and they are tax exempt?

Back

Nonprofit corporations

Front

Do you agree with Samuel's statement that a strong desire for financial independence makes someone a true entrepreneur?

Back

True

Front

Ethan, Lily, and Emma are starting a new company together! Which department should they turn to for help in setting up the organization of their company?

Back

human resources

Front

Is taking on most or all of the financial risk for a new business a key factor that defines an entrepreneur?

Back

True