ESB v2 Domain 1 Lesson 2 Review

Question 1

Bankruptcy and no promised paycheck are an example of

Accepted Answer

financial risk

Question 2

Increased tax rate and large tariffs are an example of

Accepted Answer

political risk

Question 3

A natural disaster, poor food supply, and inflation are an example of

Accepted Answer

environmental risk

Question 4

Which is not an aid in determining if a business opportunity is viable?

Accepted Answer

Location

Question 5

Turning an idea into action is which characteristic of an entrepreneur?

Accepted Answer

Initiative

Question 6

One characteristic of a business oppotunity is an initial buyer fee below $500.

Accepted Answer

False

Question 7

Network marketers make their money through _____________.

Accepted Answer

commissions

Question 8

Franchises typically have higher start-up costs.

Accepted Answer

True

Question 9

What is a disadvantage of entrepreneurship?

Accepted Answer

Not having a promised paycheck.

Question 10

A seller being required to help the buyer find a location for the business is a characteristic of a business oppotunity.

Accepted Answer

True

Questions 10