ESB Domain 1 Post Assessment

Used to protect a company's practice, process, or formulas from being shared with other competitors

A business owner is generating a consistent income, and the business is economically healthy

Used to protect brand names, logos, and business names

Manages and plans the cash flow, creates budges, and forecasts whether the company will meet the set budget requirements

What is one disadvantages of entrepreneurship?

Makes major decisions for the company, oversees operations comes up with the company's vision, strategies, and mission

Owned and managed by one individual or sometimes a small group of people with a focus on generating profits

See below:

Sarah works at an auto shop. She performs car repairs. Which best describes the role Sarah plays at the auto shop?

Joey opened a restaurant. He paid a large amount of money and he only sell products that are licensed by someone else

What is one advantages of selling digital products?

Billie manages the budget for a toy company. He also handles other financial matters. What is his role in the company?

Rose ordered cookies from an out of state bakery. She received them a week later. What type of product did Rose order?

The business owner decides to sell their ownership of the company

Used to protect an invention from being copied for a limited time

Network marketers make their money through ........

Franchises will generally have higher......., but they offer ongoing support and training.

The individuals or groups that have an interest in the success of a company

See question below

Oversees the business's day-to-day operational and administrative functions

Exhausting all efforts and avenues with the current strategy before deciding to change the strategy

The individual that developed or created the company or organization

What must happen before someone can use someone else's patent?

Factors that aid in determining whether or not a business opportunity is viable include market size, skillset, and .....

When considering the reliability of management for a business opportunity what else should one consider at this time?

Used to protect creative works

Which is a characteristic of a business opportunity?

Having a reliable amount of customers to stay open

A business where the owner licenses their operations, products or services, branding, and knowledge for a royalty fee

The owner has separated financially and operationally

A non-profit has a ........ status

It is becoming more and more common to sell products .....

What is a disadvantage of an S corporation?

Kelly wants to purchase a new rug for her home. She visits a home decor store and purchases. This is a..... transaction

Brandon's band recently produced a new song. Which intellectual property law protects the band's song from being stolen?

An individual with an idea to offer an innovative product or service about which they are passionate

Votes on the management of the company and whether to remove the CEO should the occasion arise

What is one advantages of selling digital products?

What is one disadvantages of entrepreneurship?

The business owner needs to decide if they want their company to become a big business

A Business Owner gets a business up and running

Sharon owns a law firm and recently began earning more money and is doing well. In which business life cycle stage is