ESB V2 Exam Bundle Questions and Answers 100% Correct

Variable Cost - ANSWER-a cost that rises or falls depending on how much is produced fixed costs - ANSWER-costs that do not vary with production or sales level pro forma - ANSWER-financial statement Small Business Administration (SBA) - ANSWER-government agency that helps small business owne...

Middlemen - ANSWER-Indirect distribution channels use _______ to sell their products to the end customers. Idea - ANSWER-The first stage of the product/market fit is the ________ stage. prototype - ANSWER-The second stage of the product/market fit is the ________ stage. launch - ANSWER-The ...

Gabe has worked as a journeyman electrician for an employer for the past 16 years. He is paid a good salary. His only dissatisfaction is the hours are long and often when he requests time off he is denied because of customer workload. Recently, two new electricians were hired that do sloppy work and...

TRUE OR FALSE: Mortgage Payments are Long Term Liabilities - ANSWER-True Equipment is considered ... - ANSWER-a long term asset ROI is calculated by ... - ANSWER-Net Profit / Cost of Investment X 100 Run Rate is calculated by ... - ANSWER-Current Revenue for one month X 12 Michelle owns ...

classify each of the following as either physical or digital - ANSWER-PHYSICAL: - bakery in your community - hair salon that makes appointments online DIGITAL: - online store that dropships camping gear - bookstore on amazon that sells ebooks you need to create a legal structure for your s...

What are the 3 elements required to have a trade secret? 1.Subject to reasonable efforts to maintain its secrecy 2. Others cannot legitimately obtain the information 3. A unique logo or brand names 4.Information has economic value not generally known 5. Original work must be in a tangible form ...

Tangible items that require pick-up or delivery are ____ products - ANSWER-physical When a ____ purchases an item from a business, it is a business-to-consumer transaction - ANSWER-customer ____ are for-profit corporations with limited liability - ANSWER-S corporations ____ are ideal for in...

C Corporation - ANSWER-Double taxed, shareholders and corporation, great for international businesses S Corporation - ANSWER-Lower tax, pay on personal income only, like the C corporation but for smaller businesess. LLC - ANSWER-great for individuals with low risks nonprofit organization - ...

For each business, select B2B or B2C. - ANSWER-B2B Purchases requiring a tax exemption certificate. Wholesale flooring distributor. B2C Motorcycle repair shop. Chain of local grocery stores. Which legal structure should you set up for your business? - ANSWER-S-Corporation For each state...

B2C (business-to-consumer) - ANSWER-Sells products and services directly to customer for personal use. Small buisness - ANSWER-A small business is when a business has less than 35.5 million dollars in revenue, and fewer than 1,500 employees. S corporation(Small businesses) - ANSWER-is a legal ...

Classify each of the following businesses as either Physical or Digital. - ANSWER-Physical: - Bakery in your community - Hair salon that makes appointments online Digital: - Online store that dropships camping gear - Bookstore on Amazon that sells eBooks You need to create a legal struc...