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ESB Exam Study Guide Questions and answers latest update
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ESB Exam Study Guide Questions and answers latest update
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ESB Exam Study GuideAcquisition Cost - correct answer the cost of obtaining data that you don't have
Contingency costs - correct answer amount of money included to cover potential events that are not
specifically accounted for in a cost estimate
Variable Cost - correct answer a cost that rises or falls depending on how much is produced
fixed costs - correct answer costs that do not vary with production or sales level
pro forma - correct answer financial statement
Small Business Administration (SBA) - correct answer government agency that helps small business
owners develop business plans and obtain financing
Limited Liability Company (LLC) - correct answer a form of business ownership that offers both limited
liability to its owners and flexible tax treatment
S cooperation - correct answer a small business entity that is created under state laws
liquid assets - correct answer cash and items that can be quickly converted to cash
Assets - correct answer resources owned by a business
dividend - correct answer The portion of corporate profits paid out to stockholders
liability - correct answer An amount owed by a business
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