ESB Exam Study Guide Questions and
Answers 100% Pass
Acquisition Cost - ✔✔the cost of obtaining data that you don't have
Contingency costs - ✔✔amount of money included to cover potential events that are not
specifically accounted for in a cost estimate
Variable Cost - ✔✔a cost that rises or falls depending on how much is produced
fixed costs - ✔✔costs that do not vary with production or sales level
pro forma - ✔✔financial statement
Small Business Administration (SBA) - ✔✔government agency that helps small business
owners develop business plans and obtain financing
Limited Liability Company (LLC) - ✔✔a form of business ownership that offers both
limited liability to its owners and flexible tax treatment
S cooperation - ✔✔a small business entity that is created under state laws
liquid assets - ✔✔cash and items that can be quickly converted to cash
Assets - ✔✔resources owned by a business
dividend - ✔✔The portion of corporate profits paid out to stockholders
liability - ✔✔An amount owed by a business
COPYRIGHT © 2025 BY KATELYN WHITMAN, ALL RIGHTS RESERVED 1
Answers 100% Pass
Acquisition Cost - ✔✔the cost of obtaining data that you don't have
Contingency costs - ✔✔amount of money included to cover potential events that are not
specifically accounted for in a cost estimate
Variable Cost - ✔✔a cost that rises or falls depending on how much is produced
fixed costs - ✔✔costs that do not vary with production or sales level
pro forma - ✔✔financial statement
Small Business Administration (SBA) - ✔✔government agency that helps small business
owners develop business plans and obtain financing
Limited Liability Company (LLC) - ✔✔a form of business ownership that offers both
limited liability to its owners and flexible tax treatment
S cooperation - ✔✔a small business entity that is created under state laws
liquid assets - ✔✔cash and items that can be quickly converted to cash
Assets - ✔✔resources owned by a business
dividend - ✔✔The portion of corporate profits paid out to stockholders
liability - ✔✔An amount owed by a business
COPYRIGHT © 2025 BY KATELYN WHITMAN, ALL RIGHTS RESERVED 1
