ESB Vocab Practice

What are Acquisition Costs in a business context?

• Costs associated with acquiring a new business or asset

• Costs related to the production of goods

• Costs incurred in the marketing process

• Costs for employee training programs

An Angel Investor is:

• a person who provides financial backing for small startups or entrepreneurs

• a type of investment bank

• a government grant program

• a crowdfunding platform

What is an Asset in business terms?

• A liability that a company owes

• An item of value owned by a company

• A service provided by a company

• A type of business expense

What does a Balance Sheet compare?

• Assets and Liabilities

• Income and Expenses

• Cash Flow and Profit

• Revenue and Costs

Brand Recognition is:

• The ability of consumers to identify a brand by its attributes.

• The process of creating a new brand.

• The strategy to reduce brand value.

• The method of increasing product price.

Bootstrapping in business refers to:

• Starting a business with minimal resources or capital.

• A method of raising funds through venture capital.

• A strategy for expanding a business internationally.

• A technique for improving employee productivity.

What is the Break-Even Point?

• The point where total revenue equals total costs

• The point where total revenue exceeds total costs

• The point where total costs exceed total revenue

• The point where profit is maximized

A Budget in business is:

• A plan for managing income and expenses

• A type of investment strategy

• A marketing tool

• A legal document

What is Burn Rate?

• A measure of how quickly a company is spending its cash

• A type of interest rate

• A financial statement

• A marketing strategy

A Business Opportunity is:

• A situation analyzed to see if starting a business is feasible

• a financial statement of a company.

• a marketing strategy for a product.

• a legal document for business registration.