ESB Certification Questions and Answers 2023
Nonprofit
a type of business that has no owner and does not pay Federal US taxes
Marketing Plan
a written plan that outlines a company's marketing strategies
Angel investor
An investor who provides funding to a business for a stake in t...
nonprofit a type of business that has no owner and does not pay federal us taxes
c corporation a business structure that allows the company to pass its inc
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ESB Certification Questions and
Answers 2023
Nonprofit - answer a type of business that has no owner and does not pay Federal
US taxes
Marketing Plan - answer a written plan that outlines a company's marketing
strategies
Angel investor - answer An investor who provides funding to a business for a stake
in the business in return.
C Corporation - answer A business structure that allows the company to pass its
income, losses, deductions, and credits through its shareholders to decrease their
taxation.
variable costs - answer fluctuating that a business has depending on production
commission - answer a fee paid to an employee for completing a task
partners - answer Two or more individuals that share a business's financial
responsibility.
brand recognition - answer The level of familiarity one has with a brand.
self-reliance - answer trusting one's self, goals, and progress
ROI - answer Return on investment is a calculation used to determine how much an
investment is making
stockholder - answer an individual that ones at least one share in a corporation's
stock
customer retention - answer Activities or strategies employed by a business to retain
existing customers.
copyright - answer a form of protection individuals can implement to protect their
intellectual property. designated for print, music, film, and various other forms of
creative licenses
income statement - answer a financial statement that details a business's revenue
and expenses for a given period
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