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ESB certification vocabulary (2024/2025) Questions and Answers 100% Solved
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ESB certification vocabulary (2024/2025) Questions and Answers 100% Solved
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ESB certification vocabulary(2024/2025) Questions and Answers
100% Solved
Chamber of Commerce ✔✔nonprofit organization of local businesses formed to promote their
interests
Zoning Variance ✔✔an exception to a zoning ordinance that's granted on a case-by-case basis by
a local government.
Permit ✔✔any approvals, permits, filings, registrations, etc which the Company is required to
have for legally and validly operating all its businesses, including without limitation, Business
License of Corporate Legal Person, Operation Permit of Value-added Telecommunication
Service and such other relevant permits and licenses as required by the then-effective PRC Law.
License ✔✔the process that gives a company the right to use another's brand name, patent, or
other intellectual property for a royalty or fee through a written, legal agreement.
Certificate ✔✔Professional status earned by an individual after passing an exam focused on a
specific body of knowledge
, IRS ✔✔Internal Revenue Service
Unique Selling Proposition ✔✔A marketing strategy that focuses on a product's special feature,
one that is not carried by any other product or on special offerings, bonuses, and promos to
entice customer interest and attention.
Value Proposition ✔✔the benefits customers can expect from your product or service.
LLC ✔✔A hybrid form of business, which is taxed like a partnership while offering owners the
limited liability of a corporation
Sole Proprietorship ✔✔A form of business that is owned and operated by one person.
Corporation ✔✔Business that is legally separate from it's owners and has most of the legal rights
of an actual person.
Limited Liability ✔✔Form of business ownership that combines the benefits of a corporation
with those proprietorships and all partnerships
Liability ✔✔legal responsibility
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