Content Preview

ESB EXAM STUDY GUIDE 2025 QUESTIONS AND ANSWERS Acquisition Cost - ....ANSWER ...-the cost of obtaining data that you don't have Contingency costs - ....ANSWER ...-amount of money included to cover potential events that are not specifically accounted for in a cost estimate Variable Cost - ....ANSWER ...-a cost that rises or falls depending on how much is produced fixed costs - ....ANSWER ...-costs that do not vary with production or sales level pro forma - ....ANSWER ...-financial statement Small Business Administration (SBA) - ....ANSWER ...-government agency that helps small business owners develop business plans and obtain financing Limited Liability Company (LLC) - ....ANSWER ...-a form of business ownership that offers both limited liability to its owners and flexible tax treatment S cooperation - ....ANSWER ...-a small business entity that is created under state laws liquid assets - ....ANSWER Assets - ....ANSWER ...-cash and items that can be quickly converted to cash ...-resources owned by a business ....FOR STUDY PURPOSES...©️2025 ALL RIGHTS RESERVED... 1