Esb domain - Study guides, Class notes & Summaries

ESB Domain 1 Question and answers correctly solved 2024 Profit The amount of financial gain from a business. Risk The possibility of something negative happening. In the context of a small business, the possibility of a loss of time and money. B2C A business-to-consumer transaction. C Corporation A business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation. S Corporation A type of bus...

ESB Domain 1 Review Questions and Answers 100% Correct | Latest 2024

ESB Domain 2 Question and answers correctly solved 2024 Customer An individual or business that purchases goods and services from a business. Value Proposition A promise of value that a company makes about their product or service that makes it attractive to customers. Primary Data First-hand research like surveys, interviews, and statistical data. Secondary Data Data that may contain personal bias like company newsletters and academic journals. Target Market The group o...

ESB Domain 2 Lesson 1 Vocab questions with verified answers

ESB DOMAIN 1 REVIEW EXAM QUESTIONS AND ANSWERS...

ESB Domain 1 Review Latest 2023 Rated A+ Partners members of a company who share the risks and profits of the business Franchise A business that takes its name and characteristics from an existing business chain Stakeholder An individual with an interest in a business Prototype A preliminary product, commonly a product with minimum viability, from which to test and develop Service an intangivle service or skill that is performed Equity Non-cash compensations offered to employees in place...

ESB Domain 4 Questions with complete solution 2024 Balance Sheet A document that compares assets to liabilities plus owner's equity. Income Statement A financial statement that details a business's revenue and expenses for a given period. Break-Even Point The point where a business's revenue matches its expenses over a given period. Profit Margin The net profit the company wants to make from the sale and is usually represented using a percentage. Asset

Gmetrix ESB Domain 4 (Pre- Assessment) Latest Version Already Passed What is the formula for determining gross profit? Gross Profit = Income - Cost of Goods What is the formula for determining net income? Net Income = Income - Cost of Goods Sold - Expenses What is the formula for determining income tax expense? Income Tax Expense = Gross Profit X Tax Rate What is the formula for determining burn rate? Burn Rate = Month Starting Balance - Month Ending Balance What is the for...

ESB Domain 1 Review

ESB Domain 1 Review Questions and Answers 2024