ESB Exam Study Guide with Complete Solutions Latest Updated Acquisition Cost - Correct Answer the cost of obtaining data that you don't have Contingency costs - Correct Answer amount of money included to cover potential events that are not specifically accounted for in a cost estimate Variable Cost - Correct Answer a cost that rises or falls depending on how much is produced fixed costs - Correct Answer costs that do not vary with production or sales level pro forma - Correct Answer financial statement Small Business Administration (SBA) - Correct Answer government agency that helps small business owners develop business plans and obtain financing Limited Liability Company (LLC) - Correct Answer a form of business ownership that offers both limited liability to its owners and flexible tax treatment S cooperation - Correct Answer a small business entity that is created under state laws liquid assets - Correct Answer cash and items that can be quickly converted to cash Assets - Correct Answer resources owned by a business dividend - Correct Answer The portion of corporate profits paid out to stockholders liability - Correct Answer An amount owed by a business
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