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 Certification Question and answers 100% correct 2024 £10.36   Add to cart
Quickly navigate to
Preview
  2.  
  3. Esb
  4.  
  5. Esb
  6.  
  7. Esb

Exam (elaborations)

ESB Certification Question and answers 100% correct 2024

 5 views  0 purchase
  • Module
  • Esb
  • Institution
  • Esb

ESB Certification Question and answers 100% correct 2024 In general, which two characteristics define a "small" business? - correct answer "Fewer than 1,500 employees" and "less that $35.5 million revenue". Classify each of the following businesses as either "Physical" or "Digital". - correct...

[Show more]

Preview 2 out of 12  pages

Document information

  • August 23, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • esb certification
  • esb certification question and answers 100 correc

Written for

  • Esb
All documents for this subject (1042)

Seller

avatar-seller
Carzola98

Reviews received

Content preview

ESB Certification 2
In general, which two characteristics define a "small" business? - correct
answer ✔"Fewer than 1,500 employees" and "less that $35.5 million
revenue".


Classify each of the following businesses as either "Physical" or "Digital". -
correct answer ✔Physical:
"Bakery in your community" and "Hair salon that makes appointments online".


Digital:
"Online store that dropships camping gear" and "Bookstore on Amazon that
sells eBooks".


You need to create a legal structure for your small business. You have plans
for it to grow and hope in the future to sell shares to the public. Your startup
partners are citizens of Mexico and Japan. You do not want to be personally
responsible for business liabilities. Which legal structure should you set up for
your business? - correct answer ✔C-Corporation


Match each of the following business management role to its corresponding
description:
CIO
CEO
COO
CFO - correct answer ✔CEO (Chief Executive Officer): The highest-ranking
employee in the company; reports to the board of directors.

, CFO (Chief Financial Officer): Creates budgets, analyzes financial data, and
forecasts company profits.


CIO (Chief Information Officer): Develops policies and structures to protect
company data.


COO (Chief Operating Officer): Oversees the day-to-day administrative
functions of a business; second in command.


You own a lawn care business. You have employees who work long hours
laboring in good weather, often exceeding 40 hours per week. They also work
short hours when the weather is bad, sometimes they can't work at all. You do
all of the sales for your business.
Which two types of compensation would be appropriate for these landscape
employees? - correct answer ✔"Salary" and "Hourly".


Match each Stage of the Business Life Cycle to its corresponding description.
- correct answer ✔"Maturity": The business is separate from the owner with
responsibilities delegated to staff. A business in this stage usually commands
a considerable share of the market and may even be a household name.


"Success": Company is stable and profitable.


"Takeoff": Expansion strategies are implemented, and investment is balanced
with potential.


"Survival of the Fittest": Focus shifts to revenue, expenses, and growth.
Cashflow is the major issue.

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 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 £10.36. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84251 documents were sold in the last 30 days

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

Start selling
£10.36
  • (0)
  Add to cart