ESB Domain 1:Entrepreneurial and Small Business Concepts

Front

Which legal structure is best for international business even with being double-taxed? Options: Non-profit, C-Corp, Proprietorship, LLC

Back

C-Corp

Front

Which legal structure has no ownership and no US federal taxes? Options: Non-profit, S-Corp, C-Corp, Partnership

Back

Non-profit

Front

Which legal structure is ideal for a single owner seeking low risk? Options: Partnership, LLC, C-Corp, Non-profit

Back

LLC

Front

Which legal structure involves shared financial backing? Options: LLC, Partnership, C-Corp, S-Corp

Back

Partnership

Front

Who is responsible for developing the company’s vision, strategy, and mission?

Back

Chief Executive Officer

Front

Which of the following tasks is NOT typically handled by a CFO? Creating budgets, Planning cash flow, Designing company logos, Forecasting budget requirements

Back

Designing company logos

Front

What does the COO oversee in a business?

Back

Day-to-day operations and administrative functions

Front

What type of compensation is described as non-cash?

Back

Equity

Front

Which role oversees company finances?

Back

CFO

Front

Who owns stock in the company?

Back

Stockholder