Corporate - Guides d'étude, Notes de cours & Résumés
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ESB Exam Study Guide with Complete Solutions.
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ESB Exam Study Guide with Complete Solutions. 
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...
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ESB Practice Exam 1 Questions &Answers (SCORED A+)
- Examen • 2 pages • 2023
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What is entrepreneurship? - ANSWER-Setting up a business with the aim to make a profit. 
 
B2B - ANSWER-Purchases requiring a tax exemption certificate; wholesale flooring distributor 
 
B2C - ANSWER-motorcycle repair shop; chain of local grocery stores 
 
S - Corporation - ANSWER-offers many of the same benefits as a c corporation, but better for small businesses. 100 shareholders maximum allowed. all must be US citizens or residents. shareholders are not personally responsible for business lia...
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ESB Exam Study Guide With Complete Solutions.
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ESB Exam Study Guide With Complete 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 busin...
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ESB QUESTIONS AND ANSWERS 100% CORRECT
- Examen • 8 pages • 2024
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ESB QUESTIONS AND ANSWERS 100% CORRECT 
Acquisition Cost 
Costs incurred by a business for property or equipment. 
 
 
 
Angel Investor 
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 
A tangible item a business owns. This can include office furniture and fixtures, vehicles, and inventory. 
 
 
 
Balance Sheet 
A document which compares assets to liabi...
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ESB EXAM Study Guide(Complete)2022/2023
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ESB EXAM Study Guide(Complete)2022/2023 
 
Flexibility 
Ability to adapt, willingness to change 
Courage 
Takes risks in spite of possible losses 
Empathy 
Sensitive to thoughts and feelings of others 
What are three characteristics of entrepreneurs? 
Creativity, Determination, Enthusiasm 
After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less stressful for the entrepreneur to have her own busine...
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ESB Exam Study Guide With Complete Solutions.
- Examen • 3 pages • 2022
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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 sm...
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ESB Test Questions and Answers 100% Correct!
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A well-conceived plan benefits which 2 groups the most? - ANSWER-Owners, 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, Con...
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ESB Exam Study Guide 2023-2024 with Complete Solutions!!
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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 sm...
![ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers.](/docpics/4676421/65e80b572a81d_4676421_121_171.jpeg)
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ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers.
- Examen • 8 pages • 2024
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ESB(Answers for ESB Practice Test Entrepreneurship & Small Business v.2 - U.S. Practice Exam 1 Training)Questions And Answers. 
 
What is Entrepreneurship? 
Entrepreneurship is setting up a business with the aim to make a profit. 
You've been asked to classify several businesses as either B2B or B2C. 
For each business, select B2B or B2C. 
"B2B" is an acronym for "business to business," while "B2C" means "business to consumer." B2B businesses sell products and services directly to other...
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ESB EXAM Study Guide(Complete)2022/2023
- Examen • 13 pages • 2024
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ESB EXAM Study Guide(Complete)2022/2023 
 
Flexibility 
Ability to adapt, willingness to change 
Courage 
Takes risks in spite of possible losses 
Empathy 
Sensitive to thoughts and feelings of others 
What are three characteristics of entrepreneurs? 
Creativity, Determination, Enthusiasm 
After a self-assessment, a potential entrepreneur has learned that she has a very low risk tolerance. Based upon this finding, which approach might be less stressful for the entrepreneur to have her own busine...
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