WorksheetsESB Domain 1
Total questions: 20
Worksheet time: 30mins
______ are for-profit corporations with limited liability and are NOT the most ideal for overseas or international operations.
C corp
S corp
LLC (Limited Lability Company)
The five elements of the design thinking process are: empathize, define, ideate, prototype , and _____
observe
exam
test
experiment
________ is the amount of loss one is willing to take when making an investment decision
Willingness
Will power
Risk tolerance
Strength
Businesses can compensate employees for work they produce when being paid by ______
percent pay
hours worked
salary
piece work
A ______votes on the management of a company.
stockholder
Customer
Board of Directors
All of these
The owner may decide to sell their ownership in the company during the ______stage
exit plan
ending
gateway
retire
The ______ creates the first impression of a business plan.
lean canvas
business plan
executive summary
all of these
The design team creates multiple inexpensive versions of a product, known as_______ .
Experimental Viable Products
Minimum Viable Products
Maximum Viable Products
Experimental Product
Peter has decided to purchase a new carpet for his townhouse, He visits a local store to purchase the carpet there. Why type of transaction is this?
Business to consumer (B2C)
Physical
Digital
Business to Business (B2B)
Entrepreneurs are willing to take on new opportunities and unknown risks to grow their businesses rapidly
FALSE
TRUE
_____ allows one to see and experience a customer's perspective
Empathy
Kindness
Entrepreneurial skills
Understanding
are ideal for international businesses.
International Company
Over Sea Corp
none of these
C corp
When considering the reliability of the management for a business opportunity, what else should one consider at this time?
the cost of management
one's own skillset
the cost of the product
the employee's skillset
When a ______purchases an item from a business, it is a business-to-consumer transaction
business
vendor
customer
all of these
A pitch deck is most commonly presented in the form of a ______ presentation
slide
Powerpoint
all of these are wrong
both of these are correct
Michelle owns a charter school. She has recently begun earning more money and the schools' finances are doing well. In which business life cycle stage is Michelle?
Take Off
Success
Survivial
Existence
A _____ and value proposition provides a brief overview of a business where one talks about the company's mission and the value provided to customers
vision
mindset
sighting
all of these are right
The (COO) Chief Operating Officer duty is
handles the finances of a company
oversees daily operational and administrative functions
oversees the marketing team
oversees the daily transactions for a company
Confidentiality or disclosure agreements are signed by employees, agreeing not to share trade secrets.
False
true
Franchises will generally have higher _______________________, but they offer ongoing support and training
training costs
start-up costs
bankruptcy rates
taxes
