Exam (elaborations)
ESB DOMAIN 1 REVIEW EXAM QUESTIONS AND ANSWERS
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ESB DOMAIN 1 REVIEW EXAM QUESTIONS AND ANSWERS...
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ESB DOMAIN 1 REVIEW EXAM QUESTIONSAND ANSWERS
Partners are company members who share the business's risks and earnings.
Franchise - ANSWER A business that derives its name and attributes from an
existing business chain.
Stakeholder - Answer An individual interested in a business
Prototype - ANSWER A preliminary product, typically one with low viability,
from which to test and develop.
Service - An intangible service or expertise that is performed.
Equity: ANSWER Non-cash compensations provided to employees instead of
or in addition to a lower wage
Stockholder - Answer An owner of one or more shares in a corporation.
Small Business - Answer A corporation, partnership, or sole proprietorship that
is privately held by one or a few persons.
Salary - ANSWER A set amount of money paid to an employee for each pay
month.
Product - Answer: A physical item.
Commission - ANSWER A charge paid to an employee to complete a task.
B2B: ANSWER A commercial transaction between two businesses.
Sole Proprietorship - A business owned and managed by a single person. There
is limitless liability.
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