ESB test Questions and Answers 2023A well-conceived business plan benefits which 2 groups the most?
owners and investors
A landscape architect wishes to start his own business constructing custom water features. This is his first venture and requires assistance drafting a business plan, sec...
ESB test Questions and Answers 2023
A well-conceived business plan benefits which 2 groups the most? - answer owners
and investors
A landscape architect wishes to start his own business constructing custom water
features. This is his first venture and requires assistance drafting a business plan,
securing capital, and receiving overall general guidance. What agency should he go to
first? - answer SBA- Small Business Administration
All good business plans should address which of the following Cs? (Three) - answer
Customers, Capital, Concept
In writing a business plan, which part makes the most sense to put in the description? -
answer Target Markets
Jane owns a food truck and wants to purchase two more food trucks to expand and
reach more clients. Of the business plan types, which three are best suited for
investors? - answer Investors Business plan, Executive summary, Oral presentation
A corporation and its share holders all pay taxes. What corporate structure do these tax
implications define? - answer Corporation
Paul must pay self-employment tax due to the legal structure of his business. This
means that Paul's business has a(n) _______ structure - answer Sole Proprietorship
A yoga instructor with no partners or employees wishes to protect himself from lawsuits.
Which legal structures would fit his needs? - answer Limited Liability Company LLC
An individual owns a dog grooming business and must pay employment tax on
individual earnings. Which tax structure would be applicable? - answer Corporation
Which are two benefits of using angel investors to help start a business? - answer A.
Angels often accept a lower return on investment
B. Angel investors typically do not except to be paid until the business begins making
money
Variable cost - answer credit card processing
Variable cost - answer products sold for customers to take
Fixed cost - answer monthly lease of credit card machine
Fixed cost - answer weekly advertising in a local newspaper
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