ESB Exam Study Guide with Complete
Solutions Latest Updated
Acquisition 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
Solutions Latest Updated
Acquisition 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
