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ESB Practice Exam 1 Questions and Answers 100% Correct | Latest 2024
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ESB Practice Exam 1 Questions and Answers100% Correct | Latest 2024
B2B Part 1 - ANSWER wholesale flooring distributor because the transaction
implies the materials purchased will be resold thru a retail business, such as an
installer, or a store open to the general public
B2B Part 2 - ANSWER purchases requiring a tax exemption certificate
B2C Part 1 - ANSWER chain of local grocery scores because purchases at the
store are typically made by buyers for personal use
B2C Part 2 - ANSWER motorcycle repair shop because the service provided is
typically for personal use
You need to create a legal structure for your small business. Which legal structure
should you set up for your business? - ANSWER S-Corporation
True or false? Owners of equity in a business are founders, partners and
shareholders. - ANSWER True
Stages of the business life cycle. - ANSWER 1. Existence
2. Survival of the Fittest
3. Success
4. Take-off
5. Maturity
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