1|Page | © copyright 2024/2025 | Grade A+
ESB Exam Study Guide Questions
and Answers Grade A+
Acquisition Cost
✓ the cost of obtaining data that you don't have
Contingency costs
✓ amount of money included to cover potential events that are not
specifically accounted for in a cost estimate
Variable Cost
✓ a cost that rises or falls depending on how much is produced
fixed costs
✓ costs that do not vary with production or sales level
pro forma
✓ financial statement
Small Business Administration (SBA)
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ government agency that helps small business owners develop business
plans and obtain financing
Limited Liability Company (LLC)
✓ a form of business ownership that offers both limited liability to its
owners and flexible tax treatment
S cooperation
✓ a small business entity that is created under state laws
liquid assets
✓ cash and items that can be quickly converted to cash
Assets
✓ resources owned by a business
dividend
✓ The portion of corporate profits paid out to stockholders
liability
Master01 | October, 2024/2025 | Latest update
ESB Exam Study Guide Questions
and Answers Grade A+
Acquisition Cost
✓ the cost of obtaining data that you don't have
Contingency costs
✓ amount of money included to cover potential events that are not
specifically accounted for in a cost estimate
Variable Cost
✓ a cost that rises or falls depending on how much is produced
fixed costs
✓ costs that do not vary with production or sales level
pro forma
✓ financial statement
Small Business Administration (SBA)
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ government agency that helps small business owners develop business
plans and obtain financing
Limited Liability Company (LLC)
✓ a form of business ownership that offers both limited liability to its
owners and flexible tax treatment
S cooperation
✓ a small business entity that is created under state laws
liquid assets
✓ cash and items that can be quickly converted to cash
Assets
✓ resources owned by a business
dividend
✓ The portion of corporate profits paid out to stockholders
liability
Master01 | October, 2024/2025 | Latest update
