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A study guide or preparation material for the esb (entrepreneurship and small business) certification exam. It covers a wide range of business-related topics, including nonprofit organizations, marketing plans, angel investors, corporate structures, cost types, financial statements, distribution channels, intellectual property, and more. The correct answers to multiple-choice questions, making it a valuable resource for individuals preparing for the esb certification exam. The comprehensive coverage of business concepts and the focus on providing accurate answers suggest that this document could be useful for university students studying entrepreneurship, small business management, or related fields, as well as lifelong learners seeking to expand their knowledge of business fundamentals.
Typology: Exams
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Nonprofit - Correct Answer-a type of business that has no owner and does not pay Federal US taxes Marketing Plan - Correct Answer-a written plan that outlines a company's marketing strategies Angel investor - Correct Answer-An investor who provides funding to a business for a stake in the business in return. 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. variable costs - Correct Answer-fluctuating that a business has depending on production commission - Correct Answer-a fee paid to an employee for completing a task partners - Correct Answer-Two or more individuals that share a business's financial responsibility. brand recognition - Correct Answer-The level of familiarity one has with a brand. self-reliance - Correct Answer-trusting one's self, goals, and progress ROI - Correct Answer-Return on investment is a calculation used to determine how much an investment is making stockholder - Correct Answer-an individual that ones at least one share in a corporation's stock customer retention - Correct Answer-Activities or strategies employed by a business to retain existing customers. copyright - Correct Answer-a form of protection individuals can implement to protect their intellectual property. designated for print, music, film, and various other forms of creative licenses income statement - Correct Answer-a financial statement that details a business's revenue and expenses for a given period
distribution channel - Correct Answer-a method used to get a product from the manufacturer to the end-users pitch deck - Correct Answer-A presentation given to potential investors to provide a brief overview of the business plan to earn another meeting. franchise - Correct Answer-a business that takes its name and characteristics from an existing business chain sales pitch - Correct Answer-A persuasive speech prepared to entice a potential customer to purchase a service or good. customer - Correct Answer-an individual or business that buys goods and services from a business Sole Proprietorship - Correct Answer-A business owned by one person, not shielded from any amount of liability Trademark - Correct Answer-a practice used to protect brand names, logos, and business names founder - Correct Answer-the person that developed or created a company or organization intellectual property - Correct Answer-a creative work or invention to which an individual has been given rights fixed costs - Correct Answer-costs that a business has that remain the same no matter the volume of production stakeholder - Correct Answer-an individual with in interest in a business bootstrapping - Correct Answer-A business owner that uses their own money to fund their business. SWOT analysis - Correct Answer-a planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats Entrepreneur - Correct Answer-an individual who aspires to start and run a successful business equity - Correct Answer-non-cash compensations offered to employees in place of or in addition to a lower salary ethical practices - Correct Answer-Standards of professional conduct professionals should uphold.
fixed cost - Correct Answer-costs a business has that remain the same no matter the volume of production forward-thinking mentality - Correct Answer-thinking about and planning for the future