Entrepreneurship And Small Business Certification Exam Answers – Entrepreneurship and Small Business is a certification from Certiport, sponsored by Intuit, that ensures tomorrow’s leaders are equipped with the tools they need to thrive in today’s competitive landscape. Whether you’re starting a bakery or launching the next billion-dollar startup, ESB ensures students understand the fundamentals of business, including the requirements necessary to start and sustain a successful business.
Candidates for ESB certification must have a basic conceptual knowledge of small business practices and principles, although students do not need to have actual experience as a small business manager to take and pass the exam. Successful completion of this certificate will validate the skills and knowledge of students interested in working in a mid-level occupation, such as their manager and those looking to pursue a career in small business.
Entrepreneurship And Small Business Certification Exam Answers
“Entrepreneurial education… teaches children to think outside the box and encourages unconventional talents and skills. It also creates opportunity, ensures social justice, builds confidence and stimulates the economy.”
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Whether it’s a beauty salon in a big city, a taco shop in a booming town, or an auto repair shop in the suburbs, an unprecedented number of small businesses exist almost everywhere. In fact, in a recent report from Business.com, “every minute a new business is started in the United States and according to some, 50% of all workers will be self-employed by 2020.” (State of Small Business in America, 2015, Business.com, emphasis added.)
The ESB certificate engages and prepares students who will pursue post-secondary education or who choose to enter the small business sector directly after high school. The business concepts adopted by this certificate ensure that these students are college and career ready.
With Certiport’s comprehensive training solution, you can prepare your students for ESB certification with personalized learning materials, practice tests and a performance-based certification exam officially recognized by the Network for the Teaching Enterprise (NFTE). Adding these materials to your program is simple and seamless.
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Q. A successful tailor wanted to try something new. So he opened a street food restaurant in his area. But his restaurant was not working properly and finally he had to close it. Why? Choose the best option.
Q. An entrepreneur is one who engages in several of these activities – leading, organizing, innovating, taking risks, etc.
F. A business by organizing the management and taking risks on your business etc. And the entrepreneur is the one involved in ALL of these.
Question. An electrician saw that shops were operating successfully in his area and wanted to open one. He scored a goal but could not make any profit. Why?
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Q. Cash flow is simply the difference between cash inflows and cash outflows
F. ………………….. is the value of raw materials received by the business, processing and finished goods.
Q. The market needs to grow and grow when evaluating whether an idea is a possibility or not.
F. ………………………….. is the monetary value of resources, such as materials, labor, and capital, used to make a product or deliver a service.
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F. Costs that do not vary in the short term, regardless of production level, are called costs.
Q. Cost allocation is a method by which a company allocates or allocates an indirect cost to different cost items.
F. ……………….expenses are those wholly incurred or benefits received by the company.
Question. According to the term, bookkeeping was practiced in India twenty three centuries ago as evidenced by the book called ‘Arthashastra’ written by?
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F. The main purpose of accounting is to find out the profit or loss for a given period, to show the financial position of the business on a particular day.
F. An accountant is required to participate in the management, control and planning of financial resources.
F. ________________ is an ideal in which political processes translate the will of the people into public policy and establish policies that effectively and efficiently provide services to all members of society.
Q. In 1977, the Government of India (GoI) took the first important step to implement e-Governance by setting up the National Informatics Center (NIC).
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F. An entrepreneur is a person who, instead of working as an employee, runs a small business and assumes all the risks and rewards of a particular business, idea or good or service.
Q. Small firms are more likely to disappear from the market than large firms due to the following reasons?
Question. Many entrepreneurs, out of ignorance or overconfidence in their own strength, fail due to mismanagement business growth and development?
F. Entrepreneurship has been defined as “the ability and willingness to develop, organize and manage a business activity with all its risks in order to achieve profit.
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Question. The e-District project was designed to enhance this experience and increase the efficiency of various departments at the district level to provide seamless service to the citizens.
F. Applications for new PAN card processing through CSCs in association with UTI Infrastructure Technology and Services Limited (UTIITSL) and National Securities Depository Limited (NSDL).
Q. Pradhan Mantri Awas Yoj ana (PMAY) is an ambitious housing project of the government for construction of affordable housing for the lower category.
Q. Food Safety and Standards Authority of India (FSSAI) has partnered with CSC SPV to provide Food Business Operator (FBO) registration service through CSC.
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Q. Common Service Centers (CSCs) are access points for delivery of various electronic services to citizens in rural India.
Q. Digital India is a flagship program of ____________ with a vision to transform India into a digitally empowered society and knowledge economy.
F. Common Service Centers (CSCs) are intended as helpful front centers for the delivery of various GQC (Government to Citizen) and other BQC (Business to Citizen) services.
Q. A good VLE is someone who has entrepreneurial qualities, strong social commitment and is well respected in the community.
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Q. Jeevan Pramaan is Aadhaar Digital Life Certificate for Central Government, State Government or any other Government Organization pensioners.
Q. CSC Wi-Fi Choupal has been introduced to enable last mile delivery of Internet connectivity via Wi-Fi/Wireless for urban and rural India.
Q. A ________ is a life insurance policy that can be renewed annually or for a longer period. It will provide life insurance on the owner’s death.
Q. The insurance premium is an amount determined by the insurance company that the insured must pay periodically to maintain the actual insurance coverage.
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Q. Pradhan Mantri Gramin Saksharta Digital Abhiyaan (PMGDISHA) is a scheme to generate a total number through digital literacy. _______ persons in rural areas, in all states/UTs, covering one member per eligible household.
F. A biometric device is a security identification and verification device that verifies or recognizes the identity of a living person by:
F. CyberGram Yojana is a multi-sectoral development program (MSDP) aimed at improving the socio-economic conditions of rural citizens of all categories and providing them with basic necessities to improve their quality of life.
Q. Telecentres offer a wide range of communication services and tend to be more general and towards more isolated people who?
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F. International bodies define sovereignty as the exercise of authority or power to manage the economic, political and administrative affairs of a country.
Q. CSC SPV has partnered with ____________ to provide opportunities in advanced skills with Solid Edge CAD tools.
F. Cyber Ethics refers to reasonable, responsible and ethical online behavior that guides all our interactions with other Internet users and emphasizes the use of cyber values.
F. Effective communication is important for managers in organizations to be able to perform the basic functions of management
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Q. Copyright does not exist forever. It is only valid for a certain time. After the end of the specified time, the work enters the public domain and is then open to the public for use without the owner’s permission.
Q. In social media security, it is important to disable the following options to avoid revealing your location to others.
F. Finance and accounting is the process of recording, summarizing, and reporting many transactions such as financial transactions, including the balance sheet, income statement, and cash flow statement.
F. Tax rates, rules and regulations are governed by the Goods and Services Tax Council which includes the Finance Ministers at the Center and all the states.
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Q. CSC SPV has established a portal for product application