ESB EXAM 2025 QUESTIONS AND
ANSWERS
What is entepenuership? - ANS setting up a buisness with the aim to make a profit
B2B (business-to-business) - ANS A commercial exchange (e.g., products or services)
between businesses, typically enabled by the Internet or electronic means.
B2C (business-to-consumer) - ANS the process by which businesses sell to consumers
S-Corporation - ANS a form of corporation that avoids double taxation by having its income
taxed as if it were a partnership
C-Corporation - ANS an ordinary corporation, taxed by the federal government as a separate
legal entity
Sole Proprietorship - ANS a business owned and managed by a single individual
Limited Liability Company (LLC) - ANS a form of business ownership that offers both limited
liability to its owners and flexible tax treat
1
A partner owns equity - ANS True
Page
@COPYRIGHT SIRJOEL 2025/2026
ANSWERS
What is entepenuership? - ANS setting up a buisness with the aim to make a profit
B2B (business-to-business) - ANS A commercial exchange (e.g., products or services)
between businesses, typically enabled by the Internet or electronic means.
B2C (business-to-consumer) - ANS the process by which businesses sell to consumers
S-Corporation - ANS a form of corporation that avoids double taxation by having its income
taxed as if it were a partnership
C-Corporation - ANS an ordinary corporation, taxed by the federal government as a separate
legal entity
Sole Proprietorship - ANS a business owned and managed by a single individual
Limited Liability Company (LLC) - ANS a form of business ownership that offers both limited
liability to its owners and flexible tax treat
1
A partner owns equity - ANS True
Page
@COPYRIGHT SIRJOEL 2025/2026
