ESB v2 Domain 1 Review

You order chocolates from an out-of-state chocolatier and theu came the following week. What type of e-commerce is this?

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A non-profit has a tax-exempt status.

Employees are responsible for completing specific tasks while adhering to the company's safety and ethical guidelines.

This person oversees the business's day-to-day operational and adminstrative functions.

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

To use someone else's patent, one must first obtain ownership of the patent.

An S corporation is subject to double taxation.

Knowing a process has been tested and works well can be valued by a company. Companies may want to use ______ materials.

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

Choose the correct order of the Design Thinking Process.

What type of compensation is dependent on the number of units an employee produces?

I feel like I will do well on the Domain 1 post-assessment...

Franchises typically have higher start-up costs.

To use materials that have a copyright or trademark, one must sign a licensing agreement and pay a licensing fee.

You decide to purchase a lamp for your bedroom from a local home decor store. What type of transaction is this?

A disadvantage of S corporation is __________.

What is a disadvantage of entrepreneurship?

You are in a band and just produced a new song. Which intellectual property law best protect's the band's song?

These individuals vote on the management of the company and whether to remove the CEO should the occasion arise.

Network marketers make their money through _____________.

Which of the following is NOT an advantage of selling digital products.

This person manages and plans the cash flow, creates budgets, and forcasts whether the company will meet set budgets.

A law firm and has recently began earning more money with finances doing well. In which business life cycle is the firm?

You work for a manufacturing company and manage the budget. You also negotiate financial matters. What is your role?

The third stage of the business life cycle is "success."

This person reports directly to the board of directors.

You are paid $15 an hour at a store and the company gives you partial ownership with shares. How are you paid?

An organization structure provides an overview of the employees and others that are part of a business.

In today's world, it is more common to sell products and services _________.