ESB V2 Certification Exam with 100% correct
answers
Creativity and innovation - ✔️✔️_________________ bring new and unconventional ideas to the
table and finding creative and new solutions to the way things are done.
Collaboration - ✔️✔️______________ is working with others toward a common goal.
Problem solving - ✔️✔️______________ is coming up with solutions to solve a problem.
Personal agency - ✔️✔️_____________ is working towards achieving a goal without someone
directing and ensuring it is being done.
Ethical practices - ✔️✔️______________ involve decision-making based on morals and doing the
right thing.
Social responsibilities - ✔️✔️_____________ involve preventing and removing any corruption
and unethical behavior that could harm a business, the community, or the environment.
They must obtain ownership of the patent - ✔️✔️What must happen before one can use
someone else's patent?
Newspaper marketing - ✔️✔️With ________, it is easy to target a specific geographic location.
(cost * desired profit margin) + cost - ✔️✔️What is the formula for selling price?
(Marketing expenses + Sales expenses)/ number of new customers in the period - ✔️✔️What is
the formula for calculating Customer Acquisition Cost (CAC)?
, [(Ending number of customers in a period - new customers gained in a period)/Starting number
of customers in a period] * 100 - ✔️✔️What is the formula for calculating Customer Retention
Rate (CRR)?
Equity - ✔️✔️___________ is the owner's remaining value after all liabilities have been deducted.
Assets - Liabilities - ✔️✔️What is the formula for calculating equity?
Liabilities + Equity - ✔️✔️What is the formula for calculating assets?
Balance Sheet - ✔️✔️A(n) _____________ shows what a company owns (both assets and
liabilities.)
Income Statement - ✔️✔️A(n) _____________ shows the total revenues and expenses for a
specific period of time.
total income - COGS - expenses - ✔️✔️What is the formula for calculating net income?
income - COGS - ✔️✔️What is the formula for calculating gross profit?
gross profit * tax rate - ✔️✔️What is the formula for calculating income tax expense?
Total monthly cost/selling price - ✔️✔️What is the formula for calculating the break-even point?
Total cash - total costs - ✔️✔️What is the formula for calculating ending cash balance?
burn rate - ✔️✔️A ________ is used to identify the amount of cash a company is spending each
month.
answers
Creativity and innovation - ✔️✔️_________________ bring new and unconventional ideas to the
table and finding creative and new solutions to the way things are done.
Collaboration - ✔️✔️______________ is working with others toward a common goal.
Problem solving - ✔️✔️______________ is coming up with solutions to solve a problem.
Personal agency - ✔️✔️_____________ is working towards achieving a goal without someone
directing and ensuring it is being done.
Ethical practices - ✔️✔️______________ involve decision-making based on morals and doing the
right thing.
Social responsibilities - ✔️✔️_____________ involve preventing and removing any corruption
and unethical behavior that could harm a business, the community, or the environment.
They must obtain ownership of the patent - ✔️✔️What must happen before one can use
someone else's patent?
Newspaper marketing - ✔️✔️With ________, it is easy to target a specific geographic location.
(cost * desired profit margin) + cost - ✔️✔️What is the formula for selling price?
(Marketing expenses + Sales expenses)/ number of new customers in the period - ✔️✔️What is
the formula for calculating Customer Acquisition Cost (CAC)?
, [(Ending number of customers in a period - new customers gained in a period)/Starting number
of customers in a period] * 100 - ✔️✔️What is the formula for calculating Customer Retention
Rate (CRR)?
Equity - ✔️✔️___________ is the owner's remaining value after all liabilities have been deducted.
Assets - Liabilities - ✔️✔️What is the formula for calculating equity?
Liabilities + Equity - ✔️✔️What is the formula for calculating assets?
Balance Sheet - ✔️✔️A(n) _____________ shows what a company owns (both assets and
liabilities.)
Income Statement - ✔️✔️A(n) _____________ shows the total revenues and expenses for a
specific period of time.
total income - COGS - expenses - ✔️✔️What is the formula for calculating net income?
income - COGS - ✔️✔️What is the formula for calculating gross profit?
gross profit * tax rate - ✔️✔️What is the formula for calculating income tax expense?
Total monthly cost/selling price - ✔️✔️What is the formula for calculating the break-even point?
Total cash - total costs - ✔️✔️What is the formula for calculating ending cash balance?
burn rate - ✔️✔️A ________ is used to identify the amount of cash a company is spending each
month.
