ESB Questions and Answers 100% Correct |
2024
Acquisition Cost - ANSWER Costs incurred by a business for property or
equipment.
Angel Investor - ANSWER An investor who is willing to wait for payback until a
business starts showing a profit. This investor will often accept a lower return on
investment than will a regular investor.
Asset - ANSWER A tangible item a business owns. This can include office
furniture and fixtures, vehicles, and inventory.
Balance Sheet - ANSWER A document which compares assets to liabilities plus
owner's equity.
Benefits - ANSWER A business term which often refers to items provided to
employees in addition to standard compensation. These items can include but are
not limited to medical insurance, pensions, or even stock portfolios.
Brand Recognition - ANSWER The level of familiarity one has with a brand of
item, service, or business.
Break-Even Point - ANSWER The point in which a business' revenue matches
with expenses over a given time period.
, Budget - ANSWER The amount of money a business plans on spending during a
given time period.
Business Milestone - ANSWER A point in a business' life where a manager or
other administrative employee designates an achieved goal or standard in time.
This term can be relative to the business and its owners.
Business Opportunity - ANSWER A situation an entrepreneur analyzes and
evaluates to see if starting a sustainable, profitable business is feasible.
Business Plan - ANSWER A document which addresses the concept, customers,
and capital for business.
Business Sustainability - ANSWER A term used to describe what can be done to
increase a business' profitability over the long term and keep the company fresh
and competitive.
C Corporation - ANSWER A type of business which is good for international
business.
Cash - ANSWER A government-backed currency used for payments.
Cash Balance - ANSWER The amount of cash on-hand a business has at any
given time.
Cash Flow - ANSWER An analysis and categorization of incoming and outgoing
cash during a given time period.
2024
Acquisition Cost - ANSWER Costs incurred by a business for property or
equipment.
Angel Investor - ANSWER An investor who is willing to wait for payback until a
business starts showing a profit. This investor will often accept a lower return on
investment than will a regular investor.
Asset - ANSWER A tangible item a business owns. This can include office
furniture and fixtures, vehicles, and inventory.
Balance Sheet - ANSWER A document which compares assets to liabilities plus
owner's equity.
Benefits - ANSWER A business term which often refers to items provided to
employees in addition to standard compensation. These items can include but are
not limited to medical insurance, pensions, or even stock portfolios.
Brand Recognition - ANSWER The level of familiarity one has with a brand of
item, service, or business.
Break-Even Point - ANSWER The point in which a business' revenue matches
with expenses over a given time period.
, Budget - ANSWER The amount of money a business plans on spending during a
given time period.
Business Milestone - ANSWER A point in a business' life where a manager or
other administrative employee designates an achieved goal or standard in time.
This term can be relative to the business and its owners.
Business Opportunity - ANSWER A situation an entrepreneur analyzes and
evaluates to see if starting a sustainable, profitable business is feasible.
Business Plan - ANSWER A document which addresses the concept, customers,
and capital for business.
Business Sustainability - ANSWER A term used to describe what can be done to
increase a business' profitability over the long term and keep the company fresh
and competitive.
C Corporation - ANSWER A type of business which is good for international
business.
Cash - ANSWER A government-backed currency used for payments.
Cash Balance - ANSWER The amount of cash on-hand a business has at any
given time.
Cash Flow - ANSWER An analysis and categorization of incoming and outgoing
cash during a given time period.
