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Review ESB test

Authored by Daisy Chavez

Other

12th Grade

Used 10+ times

Review ESB test
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

What is Entrepreneurship?

Marketing and selling products

setting up a business with the aim to make a profit.

Acquiring leadership and managerial skills.

Quickly advancing in positions within a corporation.

2.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

B2B is an acronym for?

Business to business

Business to consumer

Business to buyer

None of the above

3.

MULTIPLE SELECT QUESTION

1 min • 4 pts

B2B sell products and services directly to other businesses.

True

False

4.

MULTIPLE SELECT QUESTION

1 min • 4 pts

Which fall under B2C (Business to consumer)? Select all that apply

Chain of a local grocery store

Wholesale flooring distributor

motorcycle repair shop

Purchases requiring a tax exemption certificate.

5.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

What is a sole proprietorship?

A designer for a shoe company.

A limited liability company.

Someone who owns an unincorporated business by himself or herself.

Someone who is looking to start a business.

6.

MULTIPLE SELECT QUESTION

1 min • 4 pts

What does an S-Corporation offer? Select all that apply

100 shareholders max allowed and all must be U.S. citizens or residents.

Taxed once only the shareholders pay on profits received. A separate tax return is required for the business.

Taxed twice business pays at the corporate level

Popular choice for business concerned about liability protection.

7.

MULTIPLE CHOICE QUESTION

1 min • 4 pts

By default, owners of a equity in a business are founder, partners, and shareholder.

True

false

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