ESB EXAM STUDY GUIDE  

Acquisition Cost - ANSWERSthe cost of obtaining data that you don't have Contingency costs - ANSWERSamount of money included to cover potential events that are not specifically accounted for in a cost estimate Variable Cost - ANSWERSa cost that rises or falls depending on how much is produced fixed costs - ANSWERScosts that do not vary with production or sales level pro forma - ANSWERSfinancial statement Small Business Administration (SBA) - ANSWERSgovernment agency that helps small business owners develop business plans and obtain financing Limited Liability Company (LLC) - ANSWERSa form of business ownership that offers both limited liability to its owners and flexible tax treatment S cooperation - ANSWERSa small business entity that is created under state laws liquid assets - ANSWERScash and items that can be quickly converted to cash Accounts Receivable - ANSWERSAmounts to be received in the future due to the sale of goods or services Angel Investors - ANSWERSindividuals who invest in start-up companies with high growth potential in exchange for a share of ownership Bonds - ANSWERSCertificates of debt that carry a promise to buy back the bonds at a higher price Capital/Equity - ANSWERSFunds contributed by investors to a business.