ESB Certification Practice Exam

A fixed cost has the same value each time it is incurred.

• true

• false

A non-profit organization is taxed.

• true

• false

A sole proprietorship protects the owner from personal liability

• true

• false

A variable cost is eventually paid off over time.

• true

• false

Affiliate sales programs offer commissions to companies who sell their products.

• true

• false

An entrepreneur is a person who assumes the responsibilities and risks of starting a business.

• true

• false

An S corporation is suitable for international companies with at least 200 shareholders.

• true

• false

Business longevity increases potential funding opportunities.

• true

• false

Copyright licensing is required for material in the public domain.

• true

• falose

Distributors use their sales force to sell another company's product.

• true

• false