ESB Certification Domain1 Lesson1

The key objective of a small business owner is to generate (a)   .

(a)   are for-profit corporations with limited liability.

Businesses can offer ____ in addition to a lower salary.

• salary

• empathy

• equity

• profits

____ are ideal for international businesses.

• S Corporations

• C Corporations

• LLC

• Partnerships

____ employees are paid a fixed amount each pay period.

• stock option

• business partners

• full time

• salary

_____ allows one to see and experience a customer's perspective.

• Sympathy

• Empathy

• Emotions

One of the five elements of the design thinking process includes:

• prototype

• new customers

• stock options

• viable products

Check all of the items that are services

• drum lessons

• couch

• web design

• Cuban link necklace

• AC repairs

Check all of the items that are products

• muffins

• couch

• web design

• Cuban link necklace

• AC repairs

One characteristic of a legal structure for a single owner seeking low risk would be

• C Corporation

• S Corporation

• LLC

• Partnership