Acquisition Costs - ️️Cost incurred by a business.
Angel Investor - ️️An investor who provides funding to a business for a stake in the business in return.
Asset - ️️A tangible item a business owns.
B2B - ️️A business-to-business (B2B) commercial transaction between busines...
ESB Certification
Acquisition Costs - ✔ ✔ Cost incurred by a business.
Angel Investor - ✔ ✔ An investor who provides funding to a business for a stake in the business in
return.
Asset - ✔ ✔ A tangible item a business owns.
B2B - ✔ ✔ A business-to-business (B2B) commercial transaction between businesses.
B2C - ✔ ✔ A business-to-consumer (B2C) transaction.
Balance Sheet - ✔ ✔ A document that compares assets to liabilities plus owner's equity.
Bootstrapping - ✔ ✔ A business owner that uses their own money to fund their business.
Brand Recognition - ✔ ✔ The level of familiarity one has with a brand.
Break-Even Point - ✔ ✔ The point where a business's revenue matches its expenses over a given
period.
Budget - ✔ ✔ The amount of money a business plans on spending during a given period.
Burn Rate - ✔ ✔ A calculation used to measure a business's monthly cash flow.
, Business Opportunity - ✔ ✔ A situation an entrepreneur analyzes and evaluates to see if starting a
sustainable, profitable business is feasible.
Business Plan - ✔ ✔ A document that addresses the concept, customers, and capital for a business.
C Corporation - ✔ ✔ A business structure that allows the company to pass its income, losses,
deductions, and credits through its shareholders to decrease their taxation.
CEO - ✔ ✔ The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO
oversees a business's operations and resources and makes the major decisions for the company.
CFO - ✔ ✔ The Chief Financial Officer (CFO) holds a leadership role within a business. The CFO
oversees a company's finances.
Collaboration - ✔ ✔ The action of working with one or more people toward a common goal.
Commission - ✔ ✔ A fee paid to an employee for completing a task.
Compensation - ✔ ✔ A monetary amount given to employees in return for their work.
Confidentiality Agreement - ✔ ✔ A signed agreement stating that an entity will not disclose
information agreed upon by all parties in an arrangement.
Contract - ✔ ✔ An agreement between an employee and a company outlining obligations and terms
of employment.
COO - ✔ ✔ The Chief Operating Officer (COO) holds a leadership role within a business. The COO is
responsible for overseeing the day-to-day administrative and operational functions of a business.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jacklineshee00. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
