ESB EXAM QUESTIONS AND
ANSWERS 2025, 100% PASS
What is entepenuership? - ✔✔setting up a buisness with the aim to make a profit
B2B (business-to-business) - ✔✔A commercial exchange (e.g., products or services)
between businesses, typically enabled by the Internet or electronic means.
B2C (business-to-consumer) - ✔✔the process by which businesses sell to consumers
S-Corporation - ✔✔a form of corporation that avoids double taxation by having its
income taxed as if it were a partnership
C-Corporation - ✔✔an ordinary corporation, taxed by the federal government as a
separate legal entity
Sole Proprietorship - ✔✔a business owned and managed by a single individual
Limited Liability Company (LLC) - ✔✔a form of business ownership that offers both
limited liability to its owners and flexible tax treat
A partner owns equity - ✔✔True
Founders own equity - ✔✔True
All stakeholders own equity - ✔✔False
Contractors own equity - ✔✔False
COPYRIGHT © 2025 BY KATELYN WHITMAN, ALL RIGHTS RESERVED 1
ANSWERS 2025, 100% PASS
What is entepenuership? - ✔✔setting up a buisness with the aim to make a profit
B2B (business-to-business) - ✔✔A commercial exchange (e.g., products or services)
between businesses, typically enabled by the Internet or electronic means.
B2C (business-to-consumer) - ✔✔the process by which businesses sell to consumers
S-Corporation - ✔✔a form of corporation that avoids double taxation by having its
income taxed as if it were a partnership
C-Corporation - ✔✔an ordinary corporation, taxed by the federal government as a
separate legal entity
Sole Proprietorship - ✔✔a business owned and managed by a single individual
Limited Liability Company (LLC) - ✔✔a form of business ownership that offers both
limited liability to its owners and flexible tax treat
A partner owns equity - ✔✔True
Founders own equity - ✔✔True
All stakeholders own equity - ✔✔False
Contractors own equity - ✔✔False
COPYRIGHT © 2025 BY KATELYN WHITMAN, ALL RIGHTS RESERVED 1
