ESB V.2 EXAM 2 2023 WITH 100% CORRECT ANSWERS

In general, which two characteristics define a "small" business? (Choose two) - correct answer Fewer then 1,500 employees AND Less than $35.5 million revenue Classify each of the following businesses as either Physical or Digital. - correct answer Physical: - Bakery in your community - Hair salon that makes appointments online Digital: - Online store that dropships camping gear - Bookstore on Amazon that sells eBooks You need to create a legal structure for your small business. You have plans for it to grow and hope in the future to sell shares to the public. Your startup partners are citizens of Mexico and Japan. You do not want to be personally responsible for business liabilities. Which legal structure should you set up for your business? - correct answer C-Corporation Match each business management role to its corresponding description. To answer, move each role from the list on the left to its description on the right. - correct answer COO: Oversees the day-to-day administrative functions of a business; second in command. CIO: De