ESB graded A+ CORRECTLY ANSWERED 2023Acquisition Cost - correct answer Costs incurred by a business for property or equipment.
Angel Investor - correct answer An investor who is willing to wait for payback until a business starts showing a profit. This investor will often accept a lower return o...
Acquisition Cost - correct answer Costs incurred by a business for property or equipment.
Angel Investor - correct answer An investor who is willing to wait for payback until a business starts
showing a profit. This investor will often accept a lower return on investment than will a regular investor.
Asset - correct answer A tangible item a business owns. This can include office furniture and fixtures,
vehicles, and inventory.
Balance Sheet - correct answer A document which compares assets to liabilities plus owner's equity.
Benefits - correct answer A business term which often refers to items provided to employees in addition
to standard compensation. These items can include but are not limited to medical insurance, pensions,
or even stock portfolios.
Brand Recognition - correct answer The level of familiarity one has with a brand of item, service, or
business.
Break-Even Point - correct answer The point in which a business' revenue matches with expenses over a
given time period.
Budget - correct answer The amount of money a business plans on spending during a given time period.
Business Milestone - correct answer A point in a business' life where a manager or other administrative
employee designates an achieved goal or standard in time. This term can be relative to the business and
its owners.
, Business Opportunity - correct answer A situation an entrepreneur analyzes and evaluates to see if
starting a sustainable, profitable business is feasible.
Business Plan - correct answer A document which addresses the concept, customers, and capital for
business.
Business Sustainability - correct answer A term used to describe what can be done to increase a
business' profitability over the long term and keep the company fresh and competitive.
C Corporation - correct answer A type of business which is good for international business.
Cash - correct answer A government-backed currency used for payments.
Cash Balance - correct answer The amount of cash on-hand a business has at any given time.
Cash Flow - correct answer An analysis and categorization of incoming and outgoing cash during a given
time period.
Chamber of Commerce - correct answer A local agency with information on participating local
businesses.
Check - correct answer A written note instructing the dispersal of funds.
Collateral - correct answer Tangible goods a business puts for risk in exchange for a loan.
Communication - correct answer The means of connection between people, such as businesses and
customers, whereby information is exchanged.
Compensation - correct answer A monetary amount given to employees in return for their work in a
business.
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