ESB Practice Exam 2
Authored by Kristy Slifkin
Education
9th Grade
Used 7+ times
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65 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the maximum sales amount for a business to be considered a small business?
10 million
20 million
35.5 million
50 million
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'B2B' stand for?
Business to Business
Business to Buyer
Buyer to Buyer
Buyer to Business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does B2C stand for?
A) Business to Company
B) Business to Consumer/Customer
C) Business to Corporation
D) Business to Client
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an S-Corp?
For smaller US businesses, lower taxes, taxed once, up to 100 shareholders.
Shareholders can be from other countries, taxed twice, best for international companies.
Personal tax rate, single owner, low risk.
Easy to create but comes with unlimited liability – Risky.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a C-Corp?
For smaller US businesses, lower taxes, taxed once, up to 100 shareholders.
Shareholders can be from other countries, taxed twice, best for international companies.
Personal tax rate, single owner, low risk.
Easy to create but comes with unlimited liability – Risky.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an LLC?
For smaller US businesses, lower taxes, taxed once, up to 100 shareholders.
Shareholders can be from other countries, taxed twice, best for international companies.
Personal tax rate, single owner, low risk.
Easy to create but comes with unlimited liability – Risky.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Sole Proprietorship?
For smaller US businesses, lower taxes, taxed once, up to 100 shareholders.
Shareholders can be from other countries, taxed twice, best for international companies.
Personal tax rate, single owner, low risk.
Easy to create but comes with unlimited liability – Risky.
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