ESB Exam Study Guide Latest Update with Certified Solutions
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Course
ESB
Institution
ESB
ESB Exam Study Guide Latest Update
with Certified Solutions
Acquisition Cost the cost of obtaining data that you don't have
Contingency costs amount of money included to cover potential events that are not
specifically accounted for in a cost estimate
Variable Cost a cost that rises or falls d...
ESB Exam Study Guide Latest Update
with Certified Solutions
Acquisition Cost ✔✔the cost of obtaining data that you don't have
Contingency costs ✔✔amount of money included to cover potential events that are not
specifically accounted for in a cost estimate
Variable Cost ✔✔a cost that rises or falls depending on how much is produced
fixed costs ✔✔costs that do not vary with production or sales level
pro forma ✔✔financial statement
Small Business Administration (SBA) ✔✔government agency that helps small business owners
develop business plans and obtain financing
Limited Liability Company (LLC) ✔✔a form of business ownership that offers both limited
liability to its owners and flexible tax treatment
, S cooperation ✔✔a small business entity that is created under state laws
liquid assets ✔✔cash and items that can be quickly converted to cash
Assets ✔✔resources owned by a business
dividend ✔✔The portion of corporate profits paid out to stockholders
liability ✔✔An amount owed by a business
Net Income ✔✔the difference between total revenue and total expenses when total revenue is
greater
shareholder ✔✔Individual who owns part of a corporation
account payable ✔✔money owed for products and services purchased on credit
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