ESB Domain 1 Review questions with correct answers
2 views 0 purchase
Course
ESB
Institution
ESB
Partners - Answer members of a company who share the risks and profits of the business
Franchise - Answer A business that takes its name and characteristics from an existing business chain
Stakeholder - Answer An individual with an interest in a business
Prototype - Answer A preliminary pr...
esb domain 1 review questions with correct answers
Written for
ESB
All documents for this subject (1066)
Seller
Follow
cracker
Reviews received
Content preview
ESB Domain 1 Review questions with correct
answers
Partners - Answer members of a company who share the risks and profits of the
business
Franchise - Answer A business that takes its name and characteristics from an
existing business chain
Stakeholder - Answer An individual with an interest in a business
Prototype - Answer A preliminary product, commonly a product with minimum
viability, from which to test and develop
Service - Answer an intangivle service or skill that is performed
Equity - Answer Non-cash compensations offered to employees in place of or in
addition to a lower salary
Stockholder - Answer An owner of one or more shares of a corporation
Small Business - Answer A corporation, partnership, or sole proprietorship that is
privately owned by one indivudal or a small group of people.
Salary - Answer A fixed amount of money paid to an employee for each pay
period.
Product - Answer A tangible item
, Commission - Answer A fee paid to an employee for completing a task
B2B - Answer A business to business commercial transaction between businesses
Sole Proprietorship - Answer a business owned and managed by a single
individual. There is unlimited liability.
Compensation - Answer A monetary amount given to employees in return for their
work
S Corporation - Answer a type of business that offers limited liability like a
corporation and single taxation like a partnership, but no foreign investors are
allowed
Hourly Pay - Answer payment for services rendered based on the number of hours
worked
Piece work - Answer a worker paid a fixed rate for each unit produced
CFO - Answer The chief financial officer is responsible for a business's finances.
B2C - Answer the process in which businesses sell to consumers
COO - Answer Chief Operating Officer is responsible for seeing the day to day
administrative and operational functions.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
