ESB Exam prep

ESB Exam prep

9th Grade

42 Qs

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ESB Exam prep

ESB Exam prep

Assessment

Quiz

Instructional Technology

9th Grade

Medium

Created by

Damaris Rivera

Used 11+ times

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42 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You decide to create a new type of energy bar. You take samples to a focus group to get their reactions to your product. Which stage of the development process are you in?

Concept development

Idea generation

Market strategy creation

Product development

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which two actions help start-up companies achieve product/market fit?

 Identifying underserved customer needs

Testing the minimum viable product prototype with customers

 Hiring additional staff to handle exponential growth

 Determining the primary competition

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

You want to buy a gift shop in a popular location within a large town. Which three factors will help you determine if the business opportunity is viable?

 Financing requirements

 Current Inventory 

 Current number of employees

Shop’s floorplan

Revenues and cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 What is the benefit of being an entrepreneur?

 Predictable job description

 Consistent 40-hour work weeks

Limitless income potential

 Paid sick time and health insurance

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

You recently opened a food truck business. Which of the following is a start-up cost?

 Gasoline 

Cooking utensils

Business license

Truck lease payments

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

You recently opened a food truck business. Which of the following is an operating cost?

Gasoline

Cooking utensils 

Business license 

Truck lease payments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 What is the first step in forming a product/ market fit in the hypothesis?

Establish a distribution system 

 Determine who the competition is

 Create a prototype

 Determine who the target customer is

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