ESB Domain 1 Post Assessment

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

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

The owner has separated financially and operationally

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

Used to protect creative works

What is one disadvantages of entrepreneurship?

Having a reliable amount of customers to stay open

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

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

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

What is a disadvantage of an S corporation?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

See below:

The individual that developed or created the company or organization

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

What is one advantages of selling digital products?

What is one disadvantages of entrepreneurship?

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

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

A Business Owner gets a business up and running

What is one advantages of selling digital products?

Which is a characteristic of a business opportunity?

See question below

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

Used to protect brand names, logos, and business names

The business owner decides to sell their ownership of the company

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

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

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