ESB CERTIFICATION PRACTICE
TEST 2 |GUARANTEED ACCURATE
ANSWERS
Acquisition Costs - ACCURATE ANSWERS✔✔ Cost incurred by a
business.
Angel Investor - ACCURATE ANSWERS✔✔ An investor who provides
funding to a business for a stake in the business in return.
Asset - ACCURATE ANSWERS✔✔ A tangible item a business owns.
B2B - ACCURATE ANSWERS✔✔ A business-to-business (B2B)
commercial transaction between businesses.
B2C - ACCURATE ANSWERS✔✔ A business-to-consumer (B2C)
transaction.
Balance Sheet - ACCURATE ANSWERS✔✔ A document that
compares assets to liabilities plus owner's equity.
Bootstrapping - ACCURATE ANSWERS✔✔ A business owner that
uses their own money to fund their business.
, Brand Recognition - ACCURATE ANSWERS✔✔ The level of
familiarity one has with a brand.
Break-Even Point - ACCURATE ANSWERS✔✔ The point where a
business's revenue matches its expenses over a given period.
Budget - ACCURATE ANSWERS✔✔ The amount of money a business
plans on spending during a given period.
Burn Rate - ACCURATE ANSWERS✔✔ A calculation used to measure
a business's monthly cash flow.
Business Opportunity - ACCURATE ANSWERS✔✔ A situation an
entrepreneur analyzes and evaluates to see if starting a sustainable,
profitable business is feasible.
Business Plan - ACCURATE ANSWERS✔✔ A document that addresses
the concept, customers, and capital for a business.
C Corporation - ACCURATE ANSWERS✔✔ A business structure that
allows the company to pass its income, losses, deductions, and credits
through its shareholders to decrease their taxation.
TEST 2 |GUARANTEED ACCURATE
ANSWERS
Acquisition Costs - ACCURATE ANSWERS✔✔ Cost incurred by a
business.
Angel Investor - ACCURATE ANSWERS✔✔ An investor who provides
funding to a business for a stake in the business in return.
Asset - ACCURATE ANSWERS✔✔ A tangible item a business owns.
B2B - ACCURATE ANSWERS✔✔ A business-to-business (B2B)
commercial transaction between businesses.
B2C - ACCURATE ANSWERS✔✔ A business-to-consumer (B2C)
transaction.
Balance Sheet - ACCURATE ANSWERS✔✔ A document that
compares assets to liabilities plus owner's equity.
Bootstrapping - ACCURATE ANSWERS✔✔ A business owner that
uses their own money to fund their business.
, Brand Recognition - ACCURATE ANSWERS✔✔ The level of
familiarity one has with a brand.
Break-Even Point - ACCURATE ANSWERS✔✔ The point where a
business's revenue matches its expenses over a given period.
Budget - ACCURATE ANSWERS✔✔ The amount of money a business
plans on spending during a given period.
Burn Rate - ACCURATE ANSWERS✔✔ A calculation used to measure
a business's monthly cash flow.
Business Opportunity - ACCURATE ANSWERS✔✔ A situation an
entrepreneur analyzes and evaluates to see if starting a sustainable,
profitable business is feasible.
Business Plan - ACCURATE ANSWERS✔✔ A document that addresses
the concept, customers, and capital for a business.
C Corporation - ACCURATE ANSWERS✔✔ A business structure that
allows the company to pass its income, losses, deductions, and credits
through its shareholders to decrease their taxation.
