100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ESB Practice Test Question and answers already passed 2024 $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Esb
  4.  
  5. Esb
  6.  
  7. Esb

Exam (elaborations)

ESB Practice Test Question and answers already passed 2024
 7 views  0 purchase
  • Course
  • Esb
  • Institution
  • Esb

ESB Practice Test Question and answers already passed 2024 A welding shop owner rents space in a building and need $5000 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 busin...

[Show more]

Preview 2 out of 9  pages

Document information

  • August 23, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • esb practice test
  • esb practice test question and answers already pas

Written for

  • Esb
All documents for this subject (1062)

Seller

avatar-seller
Carzola98

Reviews received

Content preview

ESB Practice Test #3
A welding shop owner rents space in a building and need $5000 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 customer's job?
Asking for an advance payment from the customer whose large order is the
reason materials are needed.
3 multiple choice options




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 to which exit strategy?
Harvesting
3 multiple choice options




A business is legally structured as a C Corporation. What are the tax
implications for this structure?
The corporations pays taxes and each of the shareholders pays taxes.
3 multiple choice options




A charter fishing boat has an ending cash balance of ($20,000) in May. For
the month of June, the company forecasts the following inflow and outflow of
cash: Cash Sales $500,000, Accounts Receivable collected $350,000, Asset

, sales $55,000, Direct materials and labor $(200,000), Overhead $(320,000),
Selling & Administrative costs $(110,000), Asset purchases $(70,000), and
Dividend payment $(100,000). What will be the company's beginning cash
flow in July?
$85,000
3 multiple choice options




Which characteristic would be beneficial to an entrepreneur?
Doesn't give up easily
3 multiple choice options




What is one characteristic of an entrepreneur?
Responsible
3 multiple choice options




How would a prospective entrepreneur benefit from a personality self-
assessment?
It can identify strengths and weaknesses in the entrepreneur's leadership
style.
3 multiple choice options




An automotive mechanic has noticed that a local major competitor has several
vehicles parked outside his garage waiting for service. The mechanic learns
that many people complain about the long wait. Which variable should be
used by the automotive mechanic to attract these customers?

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Carzola98. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart