ESB
Acquisition Costs - correct answer ✔Cost incurred by a business.
Angel Investor - correct answer ✔An investor who provides funding to a
business for a stake in the business in return.
Asset - correct answer ✔A tangible item a business owns.
B2B - correct answer ✔A business-to-business commercial transaction
between businesses.
B2C - correct answer ✔A business-to-consumer transaction.
Balance Sheet - correct answer ✔A document that compares assets to
liabilities plus owner's equity.
Bootstrapping - correct answer ✔A business owner that uses their own
money to fund their business.
Brand Recognition - correct answer ✔The level of familiarity one has with a
brand.
Break-Even Point - correct answer ✔The point where a business's revenue
matches its expenses over a given period.
Budget - correct answer ✔The amount of money a business plans on
spending during a given period.
, Burn Rate - correct answer ✔A calculation used to measure a business's
monthly cash flow.
Business Opportunity - correct answer ✔A situation an entrepreneur
analyzes and evaluates to see if starting a sustainable, profitable business is
feasible.
Business Plan - correct answer ✔A document that addresses the concept,
customers, and capital for a business.
C Corporation - correct answer ✔A business structure that allows the
company to pass its income, losses, deductions, and credits through its
shareholders to decrease their taxation.
CEO - correct answer ✔The Chief Executive Officer holds a leadership role
within a business. This individual oversees a business's operations and
resources and makes the major decisions for the company.
CFO - correct answer ✔The Chief Financial Officer holds a leadership role
within a business. The individual oversees a company's finances.
Collaboration - correct answer ✔The action of working with one or more
people toward a common goal.
Collaboration - correct answer ✔The action of working with one or more
people toward a common goal.
Commission - correct answer ✔A fee paid to an employee for completing a
task.
Acquisition Costs - correct answer ✔Cost incurred by a business.
Angel Investor - correct answer ✔An investor who provides funding to a
business for a stake in the business in return.
Asset - correct answer ✔A tangible item a business owns.
B2B - correct answer ✔A business-to-business commercial transaction
between businesses.
B2C - correct answer ✔A business-to-consumer transaction.
Balance Sheet - correct answer ✔A document that compares assets to
liabilities plus owner's equity.
Bootstrapping - correct answer ✔A business owner that uses their own
money to fund their business.
Brand Recognition - correct answer ✔The level of familiarity one has with a
brand.
Break-Even Point - correct answer ✔The point where a business's revenue
matches its expenses over a given period.
Budget - correct answer ✔The amount of money a business plans on
spending during a given period.
, Burn Rate - correct answer ✔A calculation used to measure a business's
monthly cash flow.
Business Opportunity - correct answer ✔A situation an entrepreneur
analyzes and evaluates to see if starting a sustainable, profitable business is
feasible.
Business Plan - correct answer ✔A document that addresses the concept,
customers, and capital for a business.
C Corporation - correct answer ✔A business structure that allows the
company to pass its income, losses, deductions, and credits through its
shareholders to decrease their taxation.
CEO - correct answer ✔The Chief Executive Officer holds a leadership role
within a business. This individual oversees a business's operations and
resources and makes the major decisions for the company.
CFO - correct answer ✔The Chief Financial Officer holds a leadership role
within a business. The individual oversees a company's finances.
Collaboration - correct answer ✔The action of working with one or more
people toward a common goal.
Collaboration - correct answer ✔The action of working with one or more
people toward a common goal.
Commission - correct answer ✔A fee paid to an employee for completing a
task.
