ESB REVIEW
Authored by Kristy Slifkin
Education
9th Grade
Used 2+ times
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51 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is entrepreneurship fundamentally about?
Managing existing businesses
The act of taking on financial risk in the pursuit of creating a new business venture
Avoiding risk in business
Working for large corporations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which characteristic is most critical for entrepreneurs when facing obstacles?
Creativity
Financial acumen
Persistence through challenges and setbacks
Networking skills
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a comprehensive document that outlines a company's mission, vision, objectives, strategies, market analysis, and financial projections?
Articles of incorporation
Business plan
P&L statement
Operating agreement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is specifically conducted to determine if there is demand for a product or service and to understand customer needs, preferences, and behaviors?
SWOT analysis
Market research
Financial analysis
Internal evaluation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business entity provides personal liability protection while avoiding double taxation that occurs with C Corporations?
Sole proprietorship
General partnership
Limited Liability Company (LLC)
S Corporation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Unique Selling Proposition (USP)?
The price of a product
The distinct benefit or feature that sets a product apart from competitors
The location of a business
The marketing strategy used
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the traditional 4Ps of marketing?
Product
Price
People
Promotion
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