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ESB Questions with complete solution 2024
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ESB Questions with complete solution 2024 Acquisition Costs - correct answer Cost incurred by a business. Angel Investor - correct answer An investor who provides funding to a business for a stake in the business in return. Asset - correct answer A tangible item a business owns. B2B ...

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  • August 23, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
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  • esb questions with complete solution 2024

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ESB
Acquisition Costs - correct answer ✔Cost incurred by a business.


Angel Investor - correct answer ✔An investor who provides funding to a
business for a stake in the business in return.


Asset - correct answer ✔A tangible item a business owns.


B2B - correct answer ✔A business-to-business commercial transaction
between businesses.


B2C - correct answer ✔A business-to-consumer transaction.


Balance Sheet - correct answer ✔A document that compares assets to
liabilities plus owner's equity.


Bootstrapping - correct answer ✔A business owner that uses their own
money to fund their business.


Brand Recognition - correct answer ✔The level of familiarity one has with a
brand.


Break-Even Point - correct answer ✔The point where a business's revenue
matches its expenses over a given period.


Budget - correct answer ✔The amount of money a business plans on
spending during a given period.

, Burn Rate - correct answer ✔A calculation used to measure a business's
monthly cash flow.


Business Opportunity - correct answer ✔A situation an entrepreneur
analyzes and evaluates to see if starting a sustainable, profitable business is
feasible.


Business Plan - correct answer ✔A document that addresses the concept,
customers, and capital for a business.


C Corporation - correct answer ✔A business structure that allows the
company to pass its income, losses, deductions, and credits through its
shareholders to decrease their taxation.


CEO - correct 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 - correct answer ✔The Chief Financial Officer holds a leadership role
within a business. The individual oversees a company's finances.


Collaboration - correct answer ✔The action of working with one or more
people toward a common goal.


Collaboration - correct answer ✔The action of working with one or more
people toward a common goal.


Commission - correct answer ✔A fee paid to an employee for completing a
task.

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