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ESB Practice Exam 1 Question and answers already passed 2024
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ESB Practice Exam 1 Question and answers already passed 2024 B2B Part 1 - correct answer wholesale flooring distributor because the transaction implies the materials purchased will be resold thru a retail business, such as an installer, or a store open to the general public B2B Part 2 - correc...

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  • August 23, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • esb practice exam 1
  • esb practice exam 1 question and answers already p

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ESB Practice Exam 1
B2B Part 1 - correct answer ✔wholesale flooring distributor because the
transaction implies the materials purchased will be resold thru a retail
business, such as an installer, or a store open to the general public


B2B Part 2 - correct answer ✔purchases requiring a tax exemption certificate


B2C Part 1 - correct answer ✔chain of local grocery scores because
purchases at the store are typically made by buyers for personal use


B2C Part 2 - correct answer ✔motorcycle repair shop because the service
provided is typically for personal use


You need to create a legal structure for your small business. Which legal
structure should you set up for your business? - correct answer ✔S-
Corporation


True or false? Owners of equity in a business are founders, partners and
shareholders. - correct answer ✔True


Stages of the business life cycle. - correct answer ✔1. Existence
2. Survival of the Fittest
3. Success
4. Take-off
5. Maturity

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