ESB Domain 1 Quiz

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

• profits

• losses

• debts

• expenses

Entrepreneurs are willing to take on new opportunities and unknown _________ to grow their businesses rapidly.

• risks

• benefits

• profits

• guarantees

Tangible items that require pick-up or delivery are __________ products.

• physical

• digital

• virtual

• intangible

When a __________ purchases an item from a business, it is a business-to-consumer transaction.

• customer

• supplier

• employee

• manager

__________ are for-profit corporations with limited liability.

• S corporations

• Non-profit organizations

• Partnerships

• Sole proprietorships

__________ are ideal for international businesses.

• C corporations

• S corporations

• Partnerships

• Sole proprietorships

The __________ oversees daily operational and administrative functions.

• Chief Operating Officer

• Chief Financial Officer

• Chief Executive Officer

• Chief Marketing Officer

A __________ votes on the management of a company.

• stockholder

• employee

• customer

• supplier

__________ employees are paid a fixed amount each pay period.

• Salary

• Hourly

• Commission

• Freelance

Businesses can compensate employees for work they produce when being paid by __________.

• piece work

• hourly wage

• salary

• commission