Entre. 2 ESB Domain 1&2 Quiz

What is a common risk associated with entrepreneurship?

• Limited control
• Low stress levels
• Stability
• Predictable income

Which type of intellectual property protects original works of authorship?

• Patent
• Trade Secret
• Trademark
• Copyright

Which of the following is a characteristic of a Lean Canvas?

• Simplified one-page format
• Detailed market research
• Extensive documentation
• Lengthy business history

What is the term for the process of generating, developing, and communicating new ideas for business opportunities?

• Resistance
• Stagnation
• Complacency
• Innovation

What is the first stage of the design thinking process?

• Empathize
• Prototype
• Ideate
• Define

What is the legal structure that separates the business entity from its owners, providing limited liability protection?

• Sole Proprietorship
• Partnership
• Limited Liability Company
• Corporation

In which stage of the business life cycle does a business decide if they should continue to grow into a large company or start a new project?

• Success Stage
• Take Off Stage
• Pivot or Persist Stage
• Resource Maturity Stage

Which stage of the business life cycle is the first stage when a business is just starting?

• Existence
• Take off
• Survivial
• Success

What are some common marketing methods used to attract and retain customers?

• Social media advertising and loyalty programs
• SWOT analysis and market trends
• Product pricing and customer service
• Employee training and financial accounting

What are the elements of a sales process in marketing?

• SWOT analysis, target market identification, and value proposition creation
• Customer acquisition, market analysis, and competitor evaluation
• Lead generation, prospecting, and closing deals
• Product development, employee training, and financial accounting