Exam (elaborations)
ESB Domain 1 Review Questions with solutions 2024
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Exam of 4 pages for the course esb at esb (ESB Domain 1 Review)
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ESB Domain 1 ReviewPartners - answer members of a company who share the risks and profits of the
business
Franchise - answer A business that takes its name and characteristics from an existing
business chain
Stakeholder - answer An individual with an interest in a business
Prototype - answer A preliminary product, commonly a product with minimum viability,
from which to test and develop
Service - answer an intangible service or skill that is performed
Equity - answer on-cash compensations offered to employees in place of or in addition
to a lower salary
Stockholder - answerAn owner of one or more shares of a corporation
Small Business - answerA corporation, partnership, or sole proprietorship that is
privately owned by one indivudal or a small group of people.
Salary - answerA fixed amount of money paid to an employee for each pay period.
Product - answerA tangible item
Commission - answerA fee paid to an employee for completing a task
B2B - answerA business to business commercial transaction between businesses
Sole Proprietorship - answera business owned and managed by a single individual.
There is unlimited liability.
Compensation - answerA monetary amount given to employees in return for their work
S Corporation - answera type of business that offers limited liability like a corporation
and single taxation like a partnership, but no foreign investors are allowed
Hourly Pay - answerpayment for services rendered based on the number of hours
worked
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