ESB Exam Study Guide With Complete Solutions.Acquisition Cost - Answer the cost of obtaining data that you don't have Contingency costs - Answer amount of money included to cover potential events that are not specifically accounted for in a cost estimate Variable Cost - Answer a cost that rises or falls depending on how much is produced fixed costs - Answer costs that do not vary with production or sales level pro forma - Answer financial statement Small Business Administration (SBA) - Answer government agency that helps small business owners develop business plans and obtain financing Limited Liability Company (LLC) - Answer a form of business ownership that offers both limited liability to its owners and flexible tax treatment S cooperation - Answer a small business entity that is created under state laws liquid assets - Answer cash and items that can be quickly converted to cash Assets - Answer resources owned by a business dividend - Answer The portion of corporate profits paid out to stockholders liability - Answer An amount owed by a business Net Income - Answer the difference between total revenue and total expenses when total revenue is greater shareholder - Answer Individual who owns part of a corporation account payable - Answer money owed for products and services purchased on credit Accounts Receivable - Answer Amounts to be received in the future due to the sale of goods or services Angel Investors - Answer individuals who invest in start-up companies with high growth potential in exchange for a share of ownership Bonds - Answer Certificates of debt that carry a promise to buy back the bonds at a higher price Capital/Equity - Answer Funds contributed by investors to a business.
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