ESB Domain 1

Front

The key objective of a small business owner is to generate ______ .

Back

profits

Front

Entrepreneurs are willing to take on new opportunities and unknown risks to grow their businesses rapidly.

Back

TRUE

Front

When a ______ purchases an item from a business, it is a business-to-consumer transaction.

Back

customer

Front

______ are for-profit corporations with limited liability and are NOT the most ideal for overseas or international operations.

Back

S corp

Front

What type of corporation is ideal for international businesses?

Back

C corp

Front

The (COO) Chief Operating Officer duty is

Back

oversees daily operational and administrative functions

Front

Who votes on the management of a company?

Back

stockholder

Front

Salary is

Back

paid a fixed amount each pay period

Front

How can businesses compensate employees for work they produce? Options: percent pay, hours worked, salary, piece work

Back

piece work

Front

Businesses can offer _______ in addition to a lower salary.

Back

equity