ESB Domain 1 Question and answers correctly solved 2024

ESB Domain 1
Profit
The amount of financial gain from a business.




Risk
The possibility of something negative happening. In the context of a small
business, the possibility of a loss of time and money.




B2C
A business-to-consumer transaction.




C Corporation
A business structure that allows the company to pass its income, losses,
deductions, and credits through its shareholders to decrease their taxation.




S Corporation
A type of business structure with a special tax advantage that allows the
company to pass its income, losses, deductions, and credits through its
shareholders.




Salary

, A fixed payment amount provided to a full-time employee.




Piece Work
A type of compensation provided for the amount of work produced.




COO
The Chief Operating Officer (COO) holds a leadership role within a business.
The COO is responsible for overseeing the day-to-day administrative and
operational functions of a business.




Equity
Non-cash compensations offered to employees in place of or in addition to a
lower salary.




Prototype
A preliminary product, commonly a product with minimum viability, from which
to test and develop.




Stockholder
An individual that owns at least one share in a corporation's stock.