ESB Midterm Exam with all Correct & 100% Verified
Answers |Latest Version |Already Graded A+
An entrepreneur ✔Correct Answer-is responsible for the success or failure of his or her
business success.
What is not a risk factor for an entrepreneur? ✔Correct Answer-Financial stability
What's it called when a business encourages employees to be creative within the company?
✔Correct Answer-Intrapreneurship
The company description part of a business plan should include ✔Correct Answer-The
markets the business will serve
How does the Small Business Association (SBA) define a "small business"? ✔Correct Answer-
One with fewer than 100 employees
As an entrepreneur, the amount of time you spend working is typically ✔Correct Answer-
More than for an employee, particularly during initial startup
As an entrepreneur the amount of money or pay you receive from your company ✔Correct
Answer-is constant, like a paycheck for any other employee
An experienced person who volunteers to provide free guidance, tutoring and providing
suggestions to younger individuals is call a(n) ✔Correct Answer-Mentor
Greenwashing is unethical because it ✔Correct Answer-misleads consumers
Pauline's Pooch Palace gives $1 from every dog grooming customer to the local animal shelter.
This is an example of ✔Correct Answer-Philanthropy
A well written Code of Ethics ✔Correct Answer-enhances a business's reputation, helps
attract quality employees, and helps prevent legal problems.
The owner of a children's clothing store uses popular cartoon characters in her ads. This might
be an example of ✔Correct Answer-copyright infringement
By donating much of his fortune to building libraries, the American industrialist Andrew
Carnegie demonstrated his belief in ✔Correct Answer-philanthropy
One way to reduce a business's carbon footprint is through ✔Correct Answer-Sustainable
Design
, Lilo, a kitchen designer helps clients choose appliances. An appliance dealer gives her gifts and
tickets to shows and auctions. This situation has the potential for ✔Correct Answer-Conflict of
interest
What is true about a business plan? ✔Correct Answer-It will need to be changed from time to
time
What is the definition of a business? ✔Correct Answer-An organization that provides products
or services
What is the definition of an entrepreneur? ✔Correct Answer-Someone who creates and runs
a business
What is the definition of an employee? ✔Correct Answer-Someone who works for a business
owned by someone else
When an entrepreneur starts a new business, it involves ✔Correct Answer-Risk
An entrepreneur makes an investment of money, time, and energy in hopes of getting
✔Correct Answer-Greater rewards
Small firms employ ✔Correct Answer-about 1/2 of the U.S. workforce.
What will affect how large a business becomes? ✔Correct Answer-The Entrepreneur's Goals
What is the biggest reward that most people cite for becoming an entrepreneur ✔Correct
Answer-Having Ownership of their Choices.
What do today's entrepreneurs use to attract customers? ✔Correct Answer-Social trends
What type of person starts a business and then does it again, applying what they have learned?
✔Correct Answer-Serial entrepreneur
All entrepreneurs are good ✔Correct Answer-Leaders
What was the percentage of entrepreneurs with a college education? ✔Correct Answer-67%
What was the percentage of entrepreneurs with only a high school diploma? ✔Correct
Answer-20%
What was the percentage of entrepreneurs that used their own money? ✔Correct Answer-
60%
Answers |Latest Version |Already Graded A+
An entrepreneur ✔Correct Answer-is responsible for the success or failure of his or her
business success.
What is not a risk factor for an entrepreneur? ✔Correct Answer-Financial stability
What's it called when a business encourages employees to be creative within the company?
✔Correct Answer-Intrapreneurship
The company description part of a business plan should include ✔Correct Answer-The
markets the business will serve
How does the Small Business Association (SBA) define a "small business"? ✔Correct Answer-
One with fewer than 100 employees
As an entrepreneur, the amount of time you spend working is typically ✔Correct Answer-
More than for an employee, particularly during initial startup
As an entrepreneur the amount of money or pay you receive from your company ✔Correct
Answer-is constant, like a paycheck for any other employee
An experienced person who volunteers to provide free guidance, tutoring and providing
suggestions to younger individuals is call a(n) ✔Correct Answer-Mentor
Greenwashing is unethical because it ✔Correct Answer-misleads consumers
Pauline's Pooch Palace gives $1 from every dog grooming customer to the local animal shelter.
This is an example of ✔Correct Answer-Philanthropy
A well written Code of Ethics ✔Correct Answer-enhances a business's reputation, helps
attract quality employees, and helps prevent legal problems.
The owner of a children's clothing store uses popular cartoon characters in her ads. This might
be an example of ✔Correct Answer-copyright infringement
By donating much of his fortune to building libraries, the American industrialist Andrew
Carnegie demonstrated his belief in ✔Correct Answer-philanthropy
One way to reduce a business's carbon footprint is through ✔Correct Answer-Sustainable
Design
, Lilo, a kitchen designer helps clients choose appliances. An appliance dealer gives her gifts and
tickets to shows and auctions. This situation has the potential for ✔Correct Answer-Conflict of
interest
What is true about a business plan? ✔Correct Answer-It will need to be changed from time to
time
What is the definition of a business? ✔Correct Answer-An organization that provides products
or services
What is the definition of an entrepreneur? ✔Correct Answer-Someone who creates and runs
a business
What is the definition of an employee? ✔Correct Answer-Someone who works for a business
owned by someone else
When an entrepreneur starts a new business, it involves ✔Correct Answer-Risk
An entrepreneur makes an investment of money, time, and energy in hopes of getting
✔Correct Answer-Greater rewards
Small firms employ ✔Correct Answer-about 1/2 of the U.S. workforce.
What will affect how large a business becomes? ✔Correct Answer-The Entrepreneur's Goals
What is the biggest reward that most people cite for becoming an entrepreneur ✔Correct
Answer-Having Ownership of their Choices.
What do today's entrepreneurs use to attract customers? ✔Correct Answer-Social trends
What type of person starts a business and then does it again, applying what they have learned?
✔Correct Answer-Serial entrepreneur
All entrepreneurs are good ✔Correct Answer-Leaders
What was the percentage of entrepreneurs with a college education? ✔Correct Answer-67%
What was the percentage of entrepreneurs with only a high school diploma? ✔Correct
Answer-20%
What was the percentage of entrepreneurs that used their own money? ✔Correct Answer-
60%
