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WorksheetsESB Review Part 1
Total questions: 20
Worksheet time: 10mins
You've been asked to classify several businesses as either B2B or B2C. For each business, select B2B or B2C. Wholesale flooring distributor because the transaction implies the materials purchased will be resold thru a retail business, such as an installer, or a store open to the general public.
B2B
B2C
Chain of local grocery stores because purchases at the store are typically made by buyers for personal use. The number of grocery stores managed by the owner is irrelevant.
B2B
B2C
C2C
C2B
Motorcycle repair shop because the service provided is typically for personal use.
B2B
B2C
C2C
C2B
(a) is affected by a company's financial picture
Complete each statement about business compensation structure by selecting the correct option from each drop-down list. An example of _______ compensation is paying field laborers for the amount of fruit they pick.
Salary
Commission
Piece Work
Bonus
Which legal structure allows you to have partners and avoid double taxation?
Sole Proprietorship
C-Corporation
Limited Liability Company
S-Corporation
Classify the following as B2B or B2C: A company selling office supplies to other businesses.
B2B
B2C
What type of compensation is based on the amount of work done, such as picking fruit?
Salary
Commission
Piece Work
Bonus
Which business type involves selling directly to consumers?
B2B
B2C
Employees most affected by minimum wage laws are compensated _______.
Hourly
Salary
Commission
Successful entrepreneurs have mindsets that typically possess which three characteristics?
Nervous
Collaboration
Creativity
Status quo
Self-reliance
Which three characteristics help identify a business opportunity? (Choose three)
a) Marketing
b) Branding
c) Service
d) Product
e) Innovation
Which of the following is not a characteristic that helps identify a business opportunity?
Marketing
Branding
Service
Procrastination
What should this entrepreneur do FIRST before offering to design and build water features as part of his landscaping business?
Contact the water department to see if they can support the extra demand for water.
Ask the customers in the area if they are interested in adding a water feature to their gardens.
Determine if there is a supply chain available.
Perform a financial audit to determine if there is enough money available to add the new service.
Which three elements are required to have a Trade Secret? (Choose three)
Subject to reasonable efforts to maintain its secrecy
Others cannot legitimately obtain the information
Information has economic value not generally known
Original work must be in a tangible form
A unique logo or brand names
Fill in the blank: A Pitch Deck is used to get ______ attention.
customer
investor
employee
Fill in the blank: A Pitch Deck has typically ______ slides.
5-10
10-20
20-30
Fill in the blank: A Business Plan is used to get ______ buy-in.
customer
investor
employee
Fill in the blank: A Trade Secret must be subject to reasonable efforts to maintain its ______.
value
secrecy
availability
Which of the following terms relates to the study of the Earth's physical features?
Geographic
Demographic
