ESB Semester Exam Review

Front

Equity financing requires a business owner to give up control of the business to obtain funding

Back

True

Front

Bootstrapping requires the owner of the company to provide all the funding.

Back

True

Front

Cohen creates a new cellphone case for the latest iPhone that is said to rival the most protective on the market. Which intellectual property law would best protect Cohen's design?

Back

patent

Front

Which section of the business plan is focused on customer retention, growth and acquisition?

Back

Marketing

Front

What protects this brand logo?

Back

trademark

Front

Which role oversees the company finances?

Back

CFO

Front

Which role oversees daily operational and administrative functions? Options: CFO, CEO, COO, Stakeholder

Back

COO

Front

Which role reports to the board of directors? Options: CFO, CEO, COO, Stakeholder

Back

CEO

Front

What is the only structure with UNLIMITED liability? Options: S-Corp, C-Corp, Sole Proprietorship, LLC

Back

Sole Proprietorship

Front

What is the only structure that is subject to double taxation? Options: S Corp, Sole Proprietorship, LLC

Back

C Corp