ESB Review: Part 3

A computer training business needs to hire a consultant for a project to revamp the training courseware. Once the courseware is revamped, the consultant's services are complete. The business compensation structure that will pay the consultant and lead to the smallest payroll tax liability for the business is (a)  

• Contract
• Commission
• Salary
• Hourly

Which of these are characteristics of a successful entrepreneur mindset? (Choose two)

• Likes to argue

• Passive decision maker

• Can tolerate risk

• Resilient

Match the following situations with the risks of being an entrepreneur.

• Not taking proactive steps in business

• Long hours

• Having a fixed timetable set by others

• Lack of initiative

• Unpredictable income and expenses

• Financial instability

• Working late into the night regularly

• No control over schedule

A primary benefit of starting a new business without purchasing a franchise or buying an existing business is (a)  

• Less record keeping.
• Developing your own rules
• Lower financial risk
• Less upfront capital

Complete the sentence about business documents by selecting the correct option. A __________is a multi-page document describing and detailing a business.

(a)  

• Business Plan
• SWOT analysis
• PESTLE
• Pitch Deck

Complete the sentence about business documents by selecting the correct option. A slide presentation for potential investors that summarizes of the key items of a business is called a __________.

(a)   ​ ​

• Pitch Deck
• SWOT analysis
• PESTLE
• Business Plan

Complete the sentence about business documents by selecting the correct option. A __________ is a single-page business summary template that was created by Ash Maurya.

Which three components are characteristic of a Pitch Deck? (Choose three)

• Used to Get Investor Buy-In

• Highly Text-Based

• Used to Get Investors Attention

• 10-100 Pages

• Highly Visual

You downloaded several of your favorite songs and used them in an ad to promote your product on social media sites. The ad was rejected because of the songs you chose. You are told that you violated Fair Use copyright. Which three are factors used to evaluate Fair Use copyright? (Choose three)

• Amount of the work copied.

• Effect of your use on the potential market of the work copied.

• Purpose of your use.

• Copied from a work purchased by a friend

• Obtained from a subscription website

In the context of interpreting market research, an example of Primary Data is (a)  

• Similar business scenarios on YouTu
• An series of industry reports
• Interviews with SMEs
• A list of your business competitors