Acquisition Cost - ANSWERSthe cost of obtaining data that you don't have
Contingency costs - ANSWERSamount of money included to cover potential events that are not specifically accounted for in a cost estimate
Variable Cost - ANSWERSa cost that rises or falls depending on how much is produced...
ESB Exam Study Guide 100%
Correct(100% Correct)
Acquisition Cost - ANSWERSthe cost of obtaining data that you don't have
Contingency costs - ANSWERSamount of money included to cover potential events that
are not specifically accounted for in a cost estimate
Variable Cost - ANSWERSa cost that rises or falls depending on how much is produced
fixed costs - ANSWERScosts that do not vary with production or sales level
pro forma - ANSWERSfinancial statement
Small Business Administration (SBA) - ANSWERSgovernment agency that helps small
business owners develop business plans and obtain financing
Limited Liability Company (LLC) - ANSWERSa form of business ownership that offers
both limited liability to its owners and flexible tax treatment
S cooperation - ANSWERSa small business entity that is created under state laws
liquid assets - ANSWERScash and items that can be quickly converted to cash
Assets - ANSWERSresources owned by a business
dividend - ANSWERSThe portion of corporate profits paid out to stockholders
liability - ANSWERSAn amount owed by a business
Net Income - ANSWERSthe difference between total revenue and total expenses when
total revenue is greater
shareholder - ANSWERSIndividual who owns part of a corporation
account payable - ANSWERSmoney owed for products and services purchased on
credit
Accounts Receivable - ANSWERSAmounts to be received in the future due to the sale
of goods or services
Angel Investors - ANSWERSindividuals who invest in start-up companies with high
growth potential in exchange for a share of ownership
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 papersmaster01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.