ESB Test Questions and Answers 100%
Correct
A well-conceived plan benefits which 2 groups the most? - ANSWER-Owners, Investors
A landscape architect wishes to start his own business constructing custom water
features. This is his first venture and requires assistance drafting a business plan,
securing capital, and receiving overall general guidance. What agency should he go to
first? - ANSWER-SBA - Small Business Administration
All good business plans should address which of the following Cs? (Three) - ANSWER-
Customers, Capital, Concept
In writing a business plan, which part makes the most sense to put in the description
section? - ANSWER-Target Markets
jane owns a food truck and wants to purchase two more food trucks to expand and
reach more clients. of the business plan types, which three are best suited for
investors? - ANSWER-Investors Business Plan
Executive Summary
Oral Presentation
A corporation and its shareholders all pay taxes. What corporate structure do these tax
implications define? - ANSWER-Corporation
Paul must pay self-employment tax due to the legal structure of his business. This
means that Paul's business has a(n) _______ structure - ANSWER-Sole Proprietorship
A yoga instructor with no partners or employees wishes to protect himself from lawsuits.
Which legal structures would best fit his needs? - ANSWER-Limited Liability Company
LLC
An individual owns a dog grooming business and must pay employment tax on
individual earnings. Which tax structure would be applicable? - ANSWER-Corporation
Correct
A well-conceived plan benefits which 2 groups the most? - ANSWER-Owners, Investors
A landscape architect wishes to start his own business constructing custom water
features. This is his first venture and requires assistance drafting a business plan,
securing capital, and receiving overall general guidance. What agency should he go to
first? - ANSWER-SBA - Small Business Administration
All good business plans should address which of the following Cs? (Three) - ANSWER-
Customers, Capital, Concept
In writing a business plan, which part makes the most sense to put in the description
section? - ANSWER-Target Markets
jane owns a food truck and wants to purchase two more food trucks to expand and
reach more clients. of the business plan types, which three are best suited for
investors? - ANSWER-Investors Business Plan
Executive Summary
Oral Presentation
A corporation and its shareholders all pay taxes. What corporate structure do these tax
implications define? - ANSWER-Corporation
Paul must pay self-employment tax due to the legal structure of his business. This
means that Paul's business has a(n) _______ structure - ANSWER-Sole Proprietorship
A yoga instructor with no partners or employees wishes to protect himself from lawsuits.
Which legal structures would best fit his needs? - ANSWER-Limited Liability Company
LLC
An individual owns a dog grooming business and must pay employment tax on
individual earnings. Which tax structure would be applicable? - ANSWER-Corporation
