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...
ESB Exam Study Guide(LATEST 2023-
2024)Correct 100%
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
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