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ESB Certification Questions and Answers 100% Correct | Latest 2024
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ESB Certification Questions and Answers 100% Correct | Latest 2024
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ESB Certification Questions and Answers100% Correct | Latest 2024
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 (B2B) commercial transaction between
businesses.
B2C - ANSWER A business-to-consumer (B2C) 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 total cost / product or service sales price
Budget - ANSWER The amount of money a business plans on spending during a
given period.
, Burn Rate - ANSWER month starting balance - month ending balance
Business Opportunity - ANSWER Price, Quality, Selection, Location, and Service
Business Plan - ANSWER A document that addresses the concept, customers,
and capital for a business.
C Corporation - ANSWER A business structure with unlimited owners,
international shareholders allowed, and taxed twice
CEO - ANSWER A leadership role within a business. The highest ranking
employee in the company
CFO - ANSWER holds a leadership role within a business. Oversees a company's
finances.
Collaboration - ANSWER The action of working with one or more people
toward a common goal.
Commission - ANSWER A fee paid to an employee for completing a task.
Compensation - ANSWER A monetary amount given to employees in return for
their work.
Confidentiality Agreement - ANSWER A signed agreement stating that an entity
will not disclose information agreed upon by all parties in an arrangement.
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