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ESB Exam Study Guide Exam Questions With Answers Graded A+

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ESB Exam Study Guide Exam Questions With Answers Graded A+...

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  • December 19, 2023
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ESB Exam Study Guide Exam Questions With
Answers Graded A+



Acquisition Cost - Answer the cost of obtaining data that you don't have



Contingency costs - Answer amount of money included to cover potential events that are
not specifically accounted for in a cost estimate



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 owners develop business plans and obtain financing



Limited Liability Company (LLC) - Answer a form of business ownership that offers both
limited liability to its owners and flexible tax treatment



S cooperation - Answer a small business entity that is created under state laws



liquid assets - Answer cash and items that can be quickly converted to cash



Assets - Answer resources owned by a business

, dividend - Answer The portion of corporate profits paid out to stockholders



liability - Answer An amount owed by a business



Net Income - Answer the difference between total revenue and total expenses when total
revenue is greater



shareholder - Answer Individual who owns part of a corporation



account payable - Answer money owed for products and services purchased on credit



Accounts Receivable - Answer Amounts to be received in the future due to the sale of
goods or services



Angel Investors - Answer individuals who invest in start-up companies with high growth
potential in exchange for a share of ownership



Bonds - Answer Certificates of debt that carry a promise to buy back the bonds at a
higher price



Capital/Equity - Answer Funds contributed by investors to a business.



capital expenditures - Answer Expenditures on equipment the business will use for many
years.



equity capital - Answer money that a business gets from its owners in order to operate



fiscal year - Answer A fiscal period consisting of 12 consecutive months.

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