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Miami Southridge ESB Questions 1-15 Flashcards | StudBud
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Miami Southridge ESB Questions 1-15
Miami Southridge ESB Questions 1-15
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1
7. A motorcycle repair shop is a B2B.
False
True
2
13. An example of _____ compensation is paying field laborers for the amount of fruit they pick:
salary
hourly
piece work
commission
3
14. A ___________ employee receives a set amount of pay each pay period without overtime compensation.
salary
piece work
commission
hourly
4
6. A chain of grocery stores is a B2C.
False
True
5
15. Which is one of the greatest benefits of being an entrepreneur?
schedule control
paying less taxes
meeting new people
quick return on investment
6
3. Which 3 characteristics help identify a business opportunity? (select 3)
price
service
marketing
quality
7
11. Contractors own equity.
False
True
8
1. Kelsey invested in a carwash and is pleased with the CEO that was hired. What role does Kelsey play in the carwash?
human resource manager
chief operating officer (COO)
stakeholder
stockholder
9
12. The 2 documents that summarize the business plan of a company are the Lean Canvas and the Pitch Desk.
False
True
10
8. You want to create a legal structure for a business with benefits of large firm, but without being taxes twice.
S-corporation
limited liability company
C-corporation
sole proprietorship
11
9. Founders own equity.
True
False
12
10. A partner owns equity.
True
False
13
1. What is entrepreneurship?
quickly advancing in positions within a corporation
acquiring leadership and managerial skills
setting up a business with the aiim to make a profit
marketing and selling products
14
4. A wholesale flooring distributor is a B2B.
True
False
15
5. A company that has purchases that require a tax exemption certificate is a B2C.
True
False