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ESB test/17 Questions and Answers/A+ Graded
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ESB test/17 Questions and Answers/A+Graded
A well-conceived business plan benefits which 2 groups the most? - -owners
and investors
-A landscape architect wishes to start his own business constructing custom
water features. This is his first venture and requires assistance drafting a
business plan, securing capital, and receiving overall general guidance. What
agency should he go to first? - -SBA- Small Business Administration
-All good business plans should address which of the following Cs? (Three) -
-Customers, Capital, Concept
-In writing a business plan, which part makes the most sense to put in the
description? - -Target Markets
-Jane owns a food truck and wants to purchase two more food trucks to
expand and reach more clients. Of the business plan types, which three are
best suited for investors? - -Investors Business plan, Executive summary,
Oral presentation
-A corporation and its share holders all pay taxes. What corporate structure
do these tax implications define? - -Corporation
-Paul must pay self-employment tax due to the legal structure of his
business. This means that Paul's business has a(n) _______ structure - -Sole
Proprietorship
-A yoga instructor with no partners or employees wishes to protect himself
from lawsuits. Which legal structures would fit his needs? - -Limited Liability
Company LLC
-An individual owns a dog grooming business and must pay employment tax
on individual earnings. Which tax structure would be applicable? - -
Corporation
-Which are two benefits of using angel investors to help start a business? - -
A. Angels often accept a lower return on investment
B. Angel investors typically do not except to be paid until the business begins
making money
-Variable cost - -credit card processing
-Variable cost - -products sold for customers to take
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