ESB EXAM STUDY QUESTIONS |
GUARANTEED ACCURATE
ANSWERS
Acquisition Cost - ACCURATE ANSWERS✔✔ the cost of obtaining
data that you don't have
Contingency costs - ACCURATE ANSWERS✔✔ amount of money
included to cover potential events that are not specifically accounted for
in a cost estimate
Variable Cost - ACCURATE ANSWERS✔✔ a cost that rises or falls
depending on how much is produced
fixed costs - ACCURATE ANSWERS✔✔ costs that do not vary with
production or sales level
pro forma - ACCURATE ANSWERS✔✔ financial statement
Small Business Administration (SBA) - ACCURATE ANSWERS✔✔
government agency that helps small business owners develop business
plans and obtain financing
, Limited Liability Company (LLC) - ACCURATE ANSWERS✔✔ a
form of business ownership that offers both limited liability to its owners
and flexible tax treatment
S cooperation - ACCURATE ANSWERS✔✔ a small business entity
that is created under state laws
liquid assets - ACCURATE ANSWERS✔✔ cash and items that can be
quickly converted to cash
Assets - ACCURATE ANSWERS✔✔ resources owned by a business
dividend - ACCURATE ANSWERS✔✔ The portion of corporate profits
paid out to stockholders
liability - ACCURATE ANSWERS✔✔ An amount owed by a business
Net Income - ACCURATE ANSWERS✔✔ the difference between total
revenue and total expenses when total revenue is greater
shareholder - ACCURATE ANSWERS✔✔ Individual who owns part of
a corporation
GUARANTEED ACCURATE
ANSWERS
Acquisition Cost - ACCURATE ANSWERS✔✔ the cost of obtaining
data that you don't have
Contingency costs - ACCURATE ANSWERS✔✔ amount of money
included to cover potential events that are not specifically accounted for
in a cost estimate
Variable Cost - ACCURATE ANSWERS✔✔ a cost that rises or falls
depending on how much is produced
fixed costs - ACCURATE ANSWERS✔✔ costs that do not vary with
production or sales level
pro forma - ACCURATE ANSWERS✔✔ financial statement
Small Business Administration (SBA) - ACCURATE ANSWERS✔✔
government agency that helps small business owners develop business
plans and obtain financing
, Limited Liability Company (LLC) - ACCURATE ANSWERS✔✔ a
form of business ownership that offers both limited liability to its owners
and flexible tax treatment
S cooperation - ACCURATE ANSWERS✔✔ a small business entity
that is created under state laws
liquid assets - ACCURATE ANSWERS✔✔ cash and items that can be
quickly converted to cash
Assets - ACCURATE ANSWERS✔✔ resources owned by a business
dividend - ACCURATE ANSWERS✔✔ The portion of corporate profits
paid out to stockholders
liability - ACCURATE ANSWERS✔✔ An amount owed by a business
Net Income - ACCURATE ANSWERS✔✔ the difference between total
revenue and total expenses when total revenue is greater
shareholder - ACCURATE ANSWERS✔✔ Individual who owns part of
a corporation
