ESB Domain 1

Front

What is Entrepreneurship?

Back

Setting up a business with the aim to make a profit.

Front

Which legal structure should you set up for your business if you want benefits enjoyed by large corporations, avoid double taxation, do not plan to sell stock, and want personal protection from business liabilities?

Back

S-Corporation

Front

An example of ________ compensation is paying field laborers for the amount of fruit they pick.

Back

Piece work

Front

A ________ employee receives a set amount of pay each month without overtime compensation for extra hours worked.

Back

Salary

Front

Employees most affected by minimum wage laws are compensated ________.

Back

Hourly

Front

An employee who is paid a percentage of a sale is paid by ________.

Back

Commission

Front

Which legal structure would you set up for a small business with plans to grow, sell shares to the public, and where partners are citizens of Mexico and Japan, without personal responsibility for business liabilities?

Back

C-Corp

Front

Who is the highest ranking employee in the company that reports to the board of directors?

Back

CEO

Front

Who creates budgets, analyzes financial data, and forecasts company profits?

Back

CFO

Front

Who develops policies and structures to protect company data?

Back

CIO