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ESB Questions and Answers 100% Correct | Updated 2024
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ESB Questions and Answers 100% Correct | Updated 2024
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ESB Questions and Answers 100% Correct |Updated 2024
Acquisition Costs - ANSWER Cost incurred by a business.
Angel Investor - ANSWER An investor who provides funding to a business for a
stake in the business in return.
Asset - ANSWER A tangible item a business owns.
B2B - ANSWER A business-to-business commercial transaction between
businesses.
B2C - ANSWER A business-to-consumer transaction.
Balance Sheet - ANSWER A document that compares assets to liabilities plus
owner's equity.
Bootstrapping - ANSWER A business owner that uses their own money to fund
their business.
Brand Recognition - ANSWER The level of familiarity one has with a brand.
Break-Even Point - ANSWER The point where a business's revenue matches its
expenses over a given period.
, Budget - ANSWER The amount of money a business plans on spending during a
given period.
Burn Rate - ANSWER A calculation used to measure a business's monthly cash
flow.
Business Opportunity - ANSWER A situation an entrepreneur analyzes and
evaluates to see if starting a sustainable, profitable business is feasible.
Business Plan - ANSWER A document that addresses the concept, customers,
and capital for a business.
C Corporation - ANSWER A business structure that allows the company to pass
its income, losses, deductions, and credits through its shareholders to decrease
their taxation.
CEO - ANSWER The Chief Executive Officer holds a leadership role within a
business. This individual oversees a business's operations and resources and
makes the major decisions for the company.
CFO - ANSWER The Chief Financial Officer holds a leadership role within a
business. The individual oversees a company's finances.
Collaboration - ANSWER The action of working with one or more people
toward a common goal.
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