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Exam (elaborations)

ESB EXAM 2025 QUESTIONS AND ANSWERS

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What is entepenuership? - ANS setting up a buisness with the aim to make a profit B2B (business-to-business) - ANS A commercial exchange (e.g., products or services) between businesses, typically enabled by the Internet or electronic means. B2C (business-to-consumer) - ANS the process by which businesses sell to consumers S-Corporation - ANS a form of corporation that avoids double taxation by having its income taxed as if it were a partnership C-Corporation - ANS an ordinary corporation, taxed by the federal government as a separate legal entity Sole Proprietorship - ANS a business owned and managed by a single individual Limited Liability Company (LLC) - ANS a form of business ownership that offers both limited liability to its owners and flexible tax treat A partner owns equity - A

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Uploaded on
August 12, 2025
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2025/2026
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  • esb exam 2025 questions and answers

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ESB EXAM 2025 QUESTIONS AND
ANSWERS




What is entepenuership? - ANS setting up a buisness with the aim to make a profit



B2B (business-to-business) - ANS A commercial exchange (e.g., products or services)
between businesses, typically enabled by the Internet or electronic means.



B2C (business-to-consumer) - ANS the process by which businesses sell to consumers



S-Corporation - ANS a form of corporation that avoids double taxation by having its income
taxed as if it were a partnership



C-Corporation - ANS an ordinary corporation, taxed by the federal government as a separate
legal entity



Sole Proprietorship - ANS a business owned and managed by a single individual



Limited Liability Company (LLC) - ANS a form of business ownership that offers both limited
liability to its owners and flexible tax treat



A partner owns equity - ANS True
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Page




@COPYRIGHT FYNDLAY 2025/2026
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