ESB Domain 1
Profit
The amount of financial gain from a business.
Risk
The possibility of something negative happening. In the context of a small
business, the possibility of a loss of time and money.
B2C
A business-to-consumer transaction.
C Corporation
A business structure that allows the company to pass its income, losses,
deductions, and credits through its shareholders to decrease their taxation.
S Corporation
A type of business structure with a special tax advantage that allows the
company to pass its income, losses, deductions, and credits through its
shareholders.
Salary
, A fixed payment amount provided to a full-time employee.
Piece Work
A type of compensation provided for the amount of work produced.
COO
The Chief Operating Officer (COO) holds a leadership role within a business.
The COO is responsible for overseeing the day-to-day administrative and
operational functions of a business.
Equity
Non-cash compensations offered to employees in place of or in addition to a
lower salary.
Prototype
A preliminary product, commonly a product with minimum viability, from which
to test and develop.
Stockholder
An individual that owns at least one share in a corporation's stock.
Profit
The amount of financial gain from a business.
Risk
The possibility of something negative happening. In the context of a small
business, the possibility of a loss of time and money.
B2C
A business-to-consumer transaction.
C Corporation
A business structure that allows the company to pass its income, losses,
deductions, and credits through its shareholders to decrease their taxation.
S Corporation
A type of business structure with a special tax advantage that allows the
company to pass its income, losses, deductions, and credits through its
shareholders.
Salary
, A fixed payment amount provided to a full-time employee.
Piece Work
A type of compensation provided for the amount of work produced.
COO
The Chief Operating Officer (COO) holds a leadership role within a business.
The COO is responsible for overseeing the day-to-day administrative and
operational functions of a business.
Equity
Non-cash compensations offered to employees in place of or in addition to a
lower salary.
Prototype
A preliminary product, commonly a product with minimum viability, from which
to test and develop.
Stockholder
An individual that owns at least one share in a corporation's stock.
