ESB v2 Mid-Term Study Guide || with 100% Error-free Answers.

Acquisition Costs correct answers Cost incurred by a business. Angel Investor correct answers An investor who provides funding to a business for a stake in the business in return. Asset correct answers A tangible item a business owns. B2B correct answers A business-to-business (B2B) commercial transaction between businesses. B2C correct answers A business-to-consumer (B2C) transaction. Balance Sheet correct answers A document that compares assets to liabilities plus owner's equity. Break-Even Point correct answers The point where a business's revenue matches its expenses over a given period. Budget correct answers The amount of money a business plans on spending during a given period. Burn Rate correct answers A calculation used to measure a business's monthly cash flow. Business Opportunity correct answers A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible. Business Plan correct answers A document that addresses the concept, customers, and capital for a business. C Corporation correct answers A business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation. CEO correct 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 correct answers The Chief Financial Officer (CFO) holds a leadership role within a business. The CFO oversees a company's finances. Commission correct answers A fee paid to an employee for completing a task. Compensation correct answers A monetary amount given to employees in return for their work.