ESB vocabulary review

What are Acquisition Costs?

• The process of acquiring a new company.

• The cost incurred by a business.

• The cost of hiring new employees.

• The expenses for marketing a new product.

Who is an Angel Investor?

• A financial advisor for startups.

• A government grant for businesses.

• An investor who provides funding to a business for a stake in the business in return.

• A bank that offers loans to businesses.

What is an Asset in business terms?

• A long-term business goal.

• A business liability.

• A tangible item a business owns.

• An intangible skill of an employee.

What does B2B stand for?

• Business 2 Buyer

• Business 2 Broker

• Business 2 Business

• Business 2 Bank

What is a B2C transaction?

• A business-to-consumer transaction.

• A business-to-business transaction.

• A business-to-government transaction.

• A business-to-employee transaction.

What does a Balance Sheet represent in business?

• A document that lists all the company's investments.

• A document that compares assets to liabilities plus owner's equity.

• A document that outlines the company's annual profits.

• A document that records the employee salaries.

What does Bootstrapping mean in a business context?

• A marketing strategy for startups.

• A business owner that uses their own money to fund their business.

• A method of reducing business expenses.

• A technique for improving employee productivity.

What is Brand Recognition?

• The process of registering a brand name.

• The level of familiarity one has with a brand.

• The legal protection of a brand's logo and name.

• The market share a brand holds.

What is the Break-Even Point in business?

• The point where a business's revenue exceeds its expenses.

• The point where a business's revenue is equal to its expenses.

• The point where a business starts to make a profit.

• The point where a business decides to enter a new market.

What is a Budget in the context of a business?

• A calculation used to measure a business's monthly cash flow.

• The amount of money a business plans on spending during a given period.

• A document that addresses the concept, customers, and capital for a business.

• A business structure that allows matches its expenses over a given period.