ESB v.2 Domain 1 Entrepreneurship &
Small Business Concepts 100% Pass
B2B ✔✔A business-to-business (B2B) commercial transaction between businesses
B2C ✔✔A business-to-consumer (B2C) transaction
Brand recognition ✔✔The level of familiarity one has with a brand
Business Opportunity ✔✔A situation an entrepreneur analyzes and evaluates to see if starting a
sustainable, profitable business is feasible
Business Plan ✔✔A document that addresses the concept, customers, and capital for a business
C Corporation ✔✔A C corporation is a legal structure for a corporation in which the owners, or
shareholders, are taxed separately from the entity. C corporations are also subject to corporate
income taxation. The taxing of profits from the business is at both corporate and personal levels,
creating a double taxation situation.
, CEO ✔✔The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO
oversees a business's operations and resources and makes the major decisions for the company.
CFO ✔✔The Chief Financial Officer (CFO) holds a leadership role within a business. The CFO
oversees a company's finances.
Collaboration ✔✔The action of working with one or more people toward a common goal.
Commission ✔✔A fee paid to an employee for completing a task.
Compensation ✔✔A monetary amount given to employees in return for their work.
Confidentiality Agreement ✔✔A signed agreement stating that an entity will not disclose
information agreed upon by all parties in an arrangement.
Contract ✔✔An agreement between an employee and a company outlining obligations and terms
of employment.
Small Business Concepts 100% Pass
B2B ✔✔A business-to-business (B2B) commercial transaction between businesses
B2C ✔✔A business-to-consumer (B2C) transaction
Brand recognition ✔✔The level of familiarity one has with a brand
Business Opportunity ✔✔A situation an entrepreneur analyzes and evaluates to see if starting a
sustainable, profitable business is feasible
Business Plan ✔✔A document that addresses the concept, customers, and capital for a business
C Corporation ✔✔A C corporation is a legal structure for a corporation in which the owners, or
shareholders, are taxed separately from the entity. C corporations are also subject to corporate
income taxation. The taxing of profits from the business is at both corporate and personal levels,
creating a double taxation situation.
, CEO ✔✔The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO
oversees a business's operations and resources and makes the major decisions for the company.
CFO ✔✔The Chief Financial Officer (CFO) holds a leadership role within a business. The CFO
oversees a company's finances.
Collaboration ✔✔The action of working with one or more people toward a common goal.
Commission ✔✔A fee paid to an employee for completing a task.
Compensation ✔✔A monetary amount given to employees in return for their work.
Confidentiality Agreement ✔✔A signed agreement stating that an entity will not disclose
information agreed upon by all parties in an arrangement.
Contract ✔✔An agreement between an employee and a company outlining obligations and terms
of employment.
