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WorksheetsESB Domain 1
Total questions: 20
Worksheet time: 10mins
_____ are for-profit corporations with limited liability.
S corporations
C corporations
Non-profit organizations
Limited liability companies
B2C:
A business-to-consumer transaction.
A business-to-business transaction.
A consumer-to-consumer transaction.
A government-to-business transaction.
Who creates budgets, analyzes financial data, and forecast company profits?
CFO
CEO
COO
CTO
What is the sixth stage of the business life cycle?
launch
growth
pivot or persist
decline
What is the third stage of the business life cycle?
failure
success
decline
startup
Business Opportunity:
A chance to invest in a high-risk venture.
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.
An opportunity to collaborate with other businesses.
A method to increase personal wealth without effort.
Are business plans text-based documents?
True
False
Only for small businesses
Only for startups
A slide presentation for potential investors that summarizes the key items of a business is called a __________.
Business Plan
Pitch Deck
Investor Report
Executive Summary
Person that reports to the board of directors is known as the ___
CFO
COO
CEO
CTO
T/F The goal of a pitch deck is to get investors' attention
True
False
Maybe
Not Sure
____ employees are paid a fixed amount each pay period.
hourly
contract
salary
temporary
You need to create a legal structure for your small business. You would like some benefits enjoyed by large corporations, but do not want to be taxed twice. You do not plan to sell stock and you want to personally be protected from business liabilities. Which legal structure should you set up for your business?
S-Corporation
Limited Liability Company (LLC)
C-Corporation
Sole Proprietorship
Person that oversees the finances of the company is known as the ___
CFO
CTO
COO
CEO
What is the seventh stage of the business life cycle?
growth strategy
exit plan
market entry
product development
A typical pitch deck has between 20-100 slides
True
False
Between 10-50 slides
More than 100 slides
Which legal structure would you set up for a small business with plans to grow, sell shares to the public, and where partners are citizens of Mexico and Japan, without personal responsibility for business liabilities?
Sole Proprietorship
Limited Liability Company (LLC)
C-Corp
Partnership
A __________is a multi-page document describing and detailing a business.
Business Plan
Marketing Strategy
Financial Report
Project Proposal
_____ allows one to see and experience a customer's perspective.
Sympathy
Empathy
Apathy
Indifference
•B2B:
A business-to-business commercial transaction between businesses.
A business-to-consumer commercial transaction.
A consumer-to-consumer commercial transaction.
A business-to-government commercial transaction.
____ are ideal for international businesses.
Sole Proprietorships
Partnerships
C Corporations
Limited Liability Companies
