ESB Exam One (GMETRIX) Questions
and Answers 100% Certified
What is Entrepreneurship?
A) Marketing and selling products.
B) Setting up a business with the aim to make a profit.
C) Acquiring leadership and managerial skills.
D) Quickly advancing in positions within a corporation. ✔✔B) Setting up a business with the
aim to make a profit.
You need to create a legal structure for your small business. You would like some of the benefits
enjoyed by large corporations, but do not want to be taxed twice. You have four partners who
will be shareholders. None of you plan to sell your ownership shares to the public, but do want to
be protected from business liabilities.
Which legal structure should you set up for your business?
A) Sole Proprietorship
B) C-Corporation
, C) Limited Liability Company
D) S-Corporation ✔✔D) S-Corporation
Which is one of the greatest benefits of being an entrepreneur?
A)
B)
C)
D) ✔✔Schedule control
The owner of a landscaping business has notified that none of his competitors are including
ponds or other water features in the gardens they create. The landscaper wants to determine the
viability of this business opportunity.
What should this entrepreneur do FIRST before offering to design and build water features as
part of his landscaping business?
A)
B)
and Answers 100% Certified
What is Entrepreneurship?
A) Marketing and selling products.
B) Setting up a business with the aim to make a profit.
C) Acquiring leadership and managerial skills.
D) Quickly advancing in positions within a corporation. ✔✔B) Setting up a business with the
aim to make a profit.
You need to create a legal structure for your small business. You would like some of the benefits
enjoyed by large corporations, but do not want to be taxed twice. You have four partners who
will be shareholders. None of you plan to sell your ownership shares to the public, but do want to
be protected from business liabilities.
Which legal structure should you set up for your business?
A) Sole Proprietorship
B) C-Corporation
, C) Limited Liability Company
D) S-Corporation ✔✔D) S-Corporation
Which is one of the greatest benefits of being an entrepreneur?
A)
B)
C)
D) ✔✔Schedule control
The owner of a landscaping business has notified that none of his competitors are including
ponds or other water features in the gardens they create. The landscaper wants to determine the
viability of this business opportunity.
What should this entrepreneur do FIRST before offering to design and build water features as
part of his landscaping business?
A)
B)
