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ESB Exam Study Guide questions with correct answers $13.49   Add to cart

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ESB Exam Study Guide questions with correct answers

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ESB Exam Study Guide questions with correct answers

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  • August 5, 2023
  • 5
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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ESB Exam Study Guide questions with correct
answers
Acquisition Cost - Answer the cost of obtaining data that you don't have


Contingency costs - Answer amount of money included to cover potential events
that are not specifically accounted for in a cost estimate


Variable Cost - Answer a cost that rises or falls depending on how much is
produced


fixed costs - Answer costs that do not vary with production or sales level


pro forma - Answer financial statement


Small Business Administration (SBA) - Answer government agency that helps
small business owners develop business plans and obtain financing


Limited Liability Company (LLC) - Answer a form of business ownership that
offers both limited liability to its owners and flexible tax treatment


S cooperation - Answer a small business entity that is created under state laws


liquid assets - Answer cash and items that can be quickly converted to cash


Assets - Answer resources owned by a business

, dividend - Answer The portion of corporate profits paid out to stockholders


liability - Answer An amount owed by a business


Net Income - Answer the difference between total revenue and total expenses
when total revenue is greater


shareholder - Answer Individual who owns part of a corporation


account payable - Answer money owed for products and services purchased on
credit


Accounts Receivable - Answer Amounts to be received in the future due to the sale
of goods or services


Angel Investors - Answer individuals who invest in start-up companies with high
growth potential in exchange for a share of ownership


Bonds - Answer Certificates of debt that carry a promise to buy back the bonds at a
higher price


Capital/Equity - Answer Funds contributed by investors to a business.


capital expenditures - Answer Expenditures on equipment the business will use for
many years.


equity capital - Answer money that a business gets from its owners in order to
operate

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