ESB Test 3 exam 2023 with 100% correct answers

The owner of a mobile food truck plans to sell tacos , hamburgers, and other foods to employees in a large office complex . Before opening his business , the owner will most likely need to obtain which of the following documents from each employee to verify they have completed a course in food handling safety? - correct answer certificate The owner of a pet supply store wants to expand her business and by boarding animals. She has designed plans to add a 30^ prime *60^ prime kennel onto the back of her retail buildingShe has checked the zoning and discovered a kennel would be allowed on her property What will she need to obtain before adding the kennel? - correct answer permit A sprinkler system company opens a new location in a suburb that has endured a long history of poorly installed water and irrigation systems. What would be the most effective way for this company to gain the trust of the neighborhood ? - correct answer advertise a 72-hour rapid response time for all repairs The owner of a gas station on one side of town wants to retire and offers to sell the station to a competitor located on the other side of town. The competitor agrees to cash out the seller, merge the two businesses, and continue operating both locations. This is an example of which exit strategy? - correct answer harvesting Meredith is starting a cleaning business with a 3-year loan of $10,000, at a 5% compound annual interest rate. Assuming the loan is not paid back in full until the end of the 3-year term, how much will she owe at the end of her loan? - correct answer $11,576.25 An individual starts a babysitting business with a loan of $1,000. The loan is for 2 years at a 5COMPOUND interest rate. How much will the individual owe by the end of the loan assuming nothing is paid until the end of the 2 year term (future value of loan)? - correct answer $1,102.5 A welding shop owner rents space in a building and needs a $5,000 in supplies to complete a large project for a new customer. The bank has turned down a personal loan request. The welding shop owner does not want to share ownership of the business by selling equity shares to raise the funds needed for these supplies. What is the most practical source of funding for the materials needed to complete this customers job ? - correct answer Asking for an advance payment from the customer whose large order is the reason the materials are needed A retiring hardware shop owner offers to sell his store to a competitor located on the south end of town. The competitor agrees to cash out the seller, merge the two businesses , and continue operating both locations. Which exit strategy is this an example of ? - correct answer harvesting Businesses accept many forms of payment in exchange for goods and services. Match the form of payment with its definition. - correct answer cash - Government backed currency line of credi