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ESB Exam Study Guide Verified Questions and Answers with Complete Solutions 2024
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ESB Exam Study Guide Verified Questions and Answers with Complete Solutions 2024
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ESB Exam Study Guide VerifiedQuestions and Answers with Complete
Solutions 2024
Acquisition Cost - Correct Answer-the cost of obtaining data that you don't have
Contingency costs - Correct Answer-amount of money included to cover potential
events that are not specifically accounted for in a cost estimate
Variable Cost - Correct Answer-a cost that rises or falls depending on how much is
produced
fixed costs - Correct Answer-costs that do not vary with production or sales level
pro forma - Correct Answer-financial statement
Small Business Administration (SBA) - Correct Answer-government agency that helps
small business owners develop business plans and obtain financing
Limited Liability Company (LLC) - Correct Answer-a form of business ownership that
offers both limited liability to its owners and flexible tax treatment
S cooperation - Correct Answer-a small business entity that is created under state laws
liquid assets - Correct Answer-cash and items that can be quickly converted to cash
Assets - Correct Answer-resources owned by a business
dividend - Correct Answer-The portion of corporate profits paid out to stockholders
liability - Correct Answer-An amount owed by a business
Net Income - Correct Answer-the difference between total revenue and total expenses
when total revenue is greater
shareholder - Correct Answer-Individual who owns part of a corporation
account payable - Correct Answer-money owed for products and services purchased on
credit
Accounts Receivable - Correct Answer-Amounts to be received in the future due to the
sale of goods or services
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