ESB terms quiz

What does the term "Acquisition Costs" refer to in a business context?

• The profits made from a business transaction.

• The cost incurred by a business.

• The expenses for hiring new employees.

• The revenue generated from sales.

Imagine Elijah is starting a new tech startup and is seeking initial funding. Who is an "Angel Investor" in this context?

• A customer who frequently purchases products from tech startups.

• A government official assisting tech startups in business regulations.

• An investor who provides funding to Elijah's startup for a stake in return.

• A competitor in the tech industry.

Emma is reviewing her company's balance sheet. Which of the following would she consider an "Asset"?

• A long-term business liability.

• A tangible item the company owns.

• An intangible idea or concept.

• A business partnership agreement.

What does "B2B" stand for?

• Business-to-Broker transactions.

• Business-to-Business commercial transaction between businesses.

• Business-to-Bank financial dealings.

• Business-to-Board member communications.

What is a "Balance Sheet"?

• A document listing company policies.

• A report detailing employee performance.

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

• A summary of yearly business events.

Imagine Lily has started a small bakery. What does "Bootstrapping" mean in this context?

• Outsourcing bakery tasks to reduce costs.

• Lily using her own savings to fund the bakery.

• Expanding the bakery operations internationally.

• Reducing the number of bakery employees for cost efficiency.

What is "Brand Recognition"?

• The process of registering a brand legally.

• The level of familiarity one has with a brand.

• The visual elements that make up a brand logo.

• The official tagline of a company.

What defines the "Break-Even Point" in business?

• The stage where total debts equal total assets.

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

• The moment a business enters a new market.

• The time when a business doubles its initial investment.

What is the purpose of a Business Plan?

• To calculate a business's monthly cash flow

• To outline the business's budget for a given period

• To address the business concept, customers, and capital

• To analyze the feasibility of a business opportunity

What does the term 'Burn Rate' refer to in a business context?

• The rate at which a business opportunity is analyzed

• The calculation of a business's monthly cash flow

• The amount of money a business plans to spend

• The structure of a business corporation