ESB v2 Certification Exam with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
An investor who provides funding to a business for a stake in the business in return. ✔Correct
Answer-Angel Investor
A tangible item a business owns. ✔Correct Answer-Asset
commercial transaction between businesses. ✔Correct Answer-B2B
commercial transaction between a business and a customer ✔Correct Answer-B2C
A financial statement that reports assets, liabilities, and owner's equity on a specific date.
✔Correct Answer-Balance Sheet
starting a business without external help or capital ✔Correct Answer-Bootstrapping
The point where a business's revenue matches its expenses over a given period. ✔Correct
Answer-Break-Even Point
The amount of money a business plans on spending during a given period. ✔Correct Answer-
Budget
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable
business is feasible. ✔Correct Answer-Business Opportunity
A document that addresses the concept, customers, and capital for a business. ✔Correct
Answer-Business Plan
A business structure that allows the company to pass its income, losses, deductions, and credits
through its shareholders to decrease their taxation. ✔Correct Answer-C Corporation
Person who oversees a business's operations and resources and makes the major decisions for
the company. ✔Correct Answer-CEO
Person who oversees a company's finances. ✔Correct Answer-CFO
A fee paid to an employee for completing a task. ✔Correct Answer-Commission
A monetary amount given to employees in return for their work. ✔Correct Answer-
Compensation
, A person who is responsible for overseeing the day-to-day administrative and operational
functions of a business. ✔Correct Answer-COO
A form of protection individuals can implement to protect their intellectual property;
designated for print, music, film, and various other forms of creative licenses. ✔Correct
Answer-Copyright
The method of sharing a start-up business online to pre-sell products. ✔Correct Answer-
Crowdfunding
An individual or business that purchases goods and services from a business. ✔Correct
Answer-Customer
The total cost of acquiring a new customer. ✔Correct Answer-Customer Acquisition Cost
The total cost to retain existing customers. ✔Correct Answer-Customer Retention Cost
dividing the market into segments based on variables such as age, life-cycle stage, gender,
income, occupation, education, religion, ethnicity, and generation ✔Correct Answer-
Demographic Segmentation
A method used to get a product from the manufacturer to the end-users. ✔Correct Answer-
Distribution Channel
An individual hired by a company and compensated for their work. ✔Correct Answer-
Employee
An individual who aspires to start and run a successful business. ✔Correct Answer-
Entrepreneur
the value that would be returned to a company's shareholders if all of the assets were
liquidated and all of the company's debts were paid off ✔Correct Answer-Equity
Standards of professional conduct professionals should uphold. ✔Correct Answer-Ethical
Practices
Costs a business has that remain the same no matter the volume of production. ✔Correct
Answer-Fixed Costs
The person that developed or created a company or organization. ✔Correct Answer-Founder
A business that takes its name and characteristics from an existing business chain. ✔Correct
Answer-Franchise
Verified Answers |Latest Version |Already Graded A+
An investor who provides funding to a business for a stake in the business in return. ✔Correct
Answer-Angel Investor
A tangible item a business owns. ✔Correct Answer-Asset
commercial transaction between businesses. ✔Correct Answer-B2B
commercial transaction between a business and a customer ✔Correct Answer-B2C
A financial statement that reports assets, liabilities, and owner's equity on a specific date.
✔Correct Answer-Balance Sheet
starting a business without external help or capital ✔Correct Answer-Bootstrapping
The point where a business's revenue matches its expenses over a given period. ✔Correct
Answer-Break-Even Point
The amount of money a business plans on spending during a given period. ✔Correct Answer-
Budget
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable
business is feasible. ✔Correct Answer-Business Opportunity
A document that addresses the concept, customers, and capital for a business. ✔Correct
Answer-Business Plan
A business structure that allows the company to pass its income, losses, deductions, and credits
through its shareholders to decrease their taxation. ✔Correct Answer-C Corporation
Person who oversees a business's operations and resources and makes the major decisions for
the company. ✔Correct Answer-CEO
Person who oversees a company's finances. ✔Correct Answer-CFO
A fee paid to an employee for completing a task. ✔Correct Answer-Commission
A monetary amount given to employees in return for their work. ✔Correct Answer-
Compensation
, A person who is responsible for overseeing the day-to-day administrative and operational
functions of a business. ✔Correct Answer-COO
A form of protection individuals can implement to protect their intellectual property;
designated for print, music, film, and various other forms of creative licenses. ✔Correct
Answer-Copyright
The method of sharing a start-up business online to pre-sell products. ✔Correct Answer-
Crowdfunding
An individual or business that purchases goods and services from a business. ✔Correct
Answer-Customer
The total cost of acquiring a new customer. ✔Correct Answer-Customer Acquisition Cost
The total cost to retain existing customers. ✔Correct Answer-Customer Retention Cost
dividing the market into segments based on variables such as age, life-cycle stage, gender,
income, occupation, education, religion, ethnicity, and generation ✔Correct Answer-
Demographic Segmentation
A method used to get a product from the manufacturer to the end-users. ✔Correct Answer-
Distribution Channel
An individual hired by a company and compensated for their work. ✔Correct Answer-
Employee
An individual who aspires to start and run a successful business. ✔Correct Answer-
Entrepreneur
the value that would be returned to a company's shareholders if all of the assets were
liquidated and all of the company's debts were paid off ✔Correct Answer-Equity
Standards of professional conduct professionals should uphold. ✔Correct Answer-Ethical
Practices
Costs a business has that remain the same no matter the volume of production. ✔Correct
Answer-Fixed Costs
The person that developed or created a company or organization. ✔Correct Answer-Founder
A business that takes its name and characteristics from an existing business chain. ✔Correct
Answer-Franchise
