ESB Domain 1
Flashcard
•
Other
•
9th - 12th Grade
•
Medium
Barrinesha Washington
Used 1+ times
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40 questions
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1.
FLASHCARD QUESTION
Front
Entrepreneurship
Back
Setting up a business with the aim to make a profit.
2.
FLASHCARD QUESTION
Front
Legal structure for a small business with benefits of large corporations, no double taxation, no stock sale, personal liability protection.
Back
S-Corporation
3.
FLASHCARD QUESTION
Front
An example of ________ compensation is paying field laborers for the amount of fruit they pick.
Back
Piece work
4.
FLASHCARD QUESTION
Front
A ________ employee receives a set amount of pay each month without overtime compensation for extra hours worked.
Back
Salary
5.
FLASHCARD QUESTION
Front
Employees most affected by minimum wage laws are compensated ________.
Back
Hourly
6.
FLASHCARD QUESTION
Front
An employee who is paid a percentage of a sale is paid by ________. Options: Commission, Hourly, Salary, Piece Work
Back
Commission
7.
FLASHCARD QUESTION
Front
Legal structure for a small business with plans to grow, sell shares to the public, partners from Mexico and Japan, and no personal liability for business liabilities.
Back
C-Corp
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