Gmetrix ESB 1 Questions with Correct Answers 100% Solved
Acquisition Costs - Answers the cost to acquire assets, new customers, or purchase another company
Angel Investor - Answers An investor who provides funding to a business for a stake in the business in
return.
Asset - Answers A tangible item a business owns.
Balance Sheet - Answers A document that compares assets to liabilities plus owner's equity.
Brand Recognition - Answers The level of familiarity one has with a brand.
Bootstrapping - Answers A business owner that uses their own money to fund their business.
Break-Even Point - Answers The point where a business's revenue matches its expenses over a given
period.
Budget - Answers The amount of money a business pdlans on spending during a given period.
Burn Rate - Answers A calculation used to measure a business's monthly cash flow.
Business Opportunity - Answers A situation an entrepreneur analyzes and evaluates to see if starting a
sustainable, profitable business is feasible.
Business Plan - Answers A document that addresses the concept, customers, and capital for a business.
B2B - Answers A business-to-business (B2B) commercial transaction between businesses.
B2C - Answers A business-to-consumer (B2C) transaction.
C Corporation - Answers A business structure that allows the company to pass its income, losses,
deductions, and credits through its shareholders to decrease their taxation.
CEO - Answers The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO
oversees a business's operations and resources and makes the major decisions for the company.
CFO - Answers The Chief Financial Officer (CFO) holds a leadership role within a business. The CFO
oversees a company's finances.
COO - Answers 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.
Critical Thinking - Answers Using one's mind to solve a problem in the best way by considering various
potential solutions to the problem.
Crowdfunding - Answers The method of sharing a start-up business online to pre-sell products.
Chamber of Commerce - Answers A local agency with information on participating local businesses.
Acquisition Costs - Answers the cost to acquire assets, new customers, or purchase another company
Angel Investor - Answers An investor who provides funding to a business for a stake in the business in
return.
Asset - Answers A tangible item a business owns.
Balance Sheet - Answers A document that compares assets to liabilities plus owner's equity.
Brand Recognition - Answers The level of familiarity one has with a brand.
Bootstrapping - Answers A business owner that uses their own money to fund their business.
Break-Even Point - Answers The point where a business's revenue matches its expenses over a given
period.
Budget - Answers The amount of money a business pdlans on spending during a given period.
Burn Rate - Answers A calculation used to measure a business's monthly cash flow.
Business Opportunity - Answers A situation an entrepreneur analyzes and evaluates to see if starting a
sustainable, profitable business is feasible.
Business Plan - Answers A document that addresses the concept, customers, and capital for a business.
B2B - Answers A business-to-business (B2B) commercial transaction between businesses.
B2C - Answers A business-to-consumer (B2C) transaction.
C Corporation - Answers A business structure that allows the company to pass its income, losses,
deductions, and credits through its shareholders to decrease their taxation.
CEO - Answers The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO
oversees a business's operations and resources and makes the major decisions for the company.
CFO - Answers The Chief Financial Officer (CFO) holds a leadership role within a business. The CFO
oversees a company's finances.
COO - Answers 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.
Critical Thinking - Answers Using one's mind to solve a problem in the best way by considering various
potential solutions to the problem.
Crowdfunding - Answers The method of sharing a start-up business online to pre-sell products.
Chamber of Commerce - Answers A local agency with information on participating local businesses.
