ESB DOMAIN 1 REVIEW EXAM 100%
ACCURATE
, Partners - ANSWERSmembers of a company who share the risks and profits of the
business
Franchise - ANSWERSA business that takes its name and characteristics from an
existing business chain
Stakeholder - ANSWERSAn individual with an interest in a business
Prototype - ANSWERSA preliminary product, commonly a product with minimum
viability, from which to test and develop
Service - ANSWERSan intangivle service or skill that is performed
Equity - ANSWERSNon-cash compensations offered to employees in place of or in
addition to a lower salary
Stockholder - ANSWERSAn owner of one or more shares of a corporation
Small Business - ANSWERSA corporation, partnership, or sole proprietorship that is
privately owned by one indivudal or a small group of people.
Salary - ANSWERSA fixed amount of money paid to an employee for each pay period.
Product - ANSWERSA tangible item
Commission - ANSWERSA fee paid to an employee for completing a task
B2B - ANSWERSA business to business commercial transaction between businesses
Sole Proprietorship - ANSWERSa business owned and managed by a single individual.
There is unlimited liability.
Compensation - ANSWERSA monetary amount given to employees in return for their
work
S Corporation - ANSWERSa type of business that offers limited liability like a
corporation and single taxation like a partnership, but no foreign investors are allowed
Hourly Pay - ANSWERSpayment for services rendered based on the number of hours
worked
ACCURATE
, Partners - ANSWERSmembers of a company who share the risks and profits of the
business
Franchise - ANSWERSA business that takes its name and characteristics from an
existing business chain
Stakeholder - ANSWERSAn individual with an interest in a business
Prototype - ANSWERSA preliminary product, commonly a product with minimum
viability, from which to test and develop
Service - ANSWERSan intangivle service or skill that is performed
Equity - ANSWERSNon-cash compensations offered to employees in place of or in
addition to a lower salary
Stockholder - ANSWERSAn owner of one or more shares of a corporation
Small Business - ANSWERSA corporation, partnership, or sole proprietorship that is
privately owned by one indivudal or a small group of people.
Salary - ANSWERSA fixed amount of money paid to an employee for each pay period.
Product - ANSWERSA tangible item
Commission - ANSWERSA fee paid to an employee for completing a task
B2B - ANSWERSA business to business commercial transaction between businesses
Sole Proprietorship - ANSWERSa business owned and managed by a single individual.
There is unlimited liability.
Compensation - ANSWERSA monetary amount given to employees in return for their
work
S Corporation - ANSWERSa type of business that offers limited liability like a
corporation and single taxation like a partnership, but no foreign investors are allowed
Hourly Pay - ANSWERSpayment for services rendered based on the number of hours
worked
