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ESB V2 Certification REVIEW part 1 Flashcards | StudBud
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ESB V2 Certification REVIEW part 1
ESB V2 Certification REVIEW part 1
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Flashcards
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Questions
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Answers
1
The third step of creating a quality control process is to _____________.
Establish the product quality testing method
Return on investment (roi)
Review the internal quality testing results
Set quality standards
2
What is the formula used to calculate the
run rate
for a company?
Current revenue * 60
Current revenue * 12
Current revenue * 22
Burn rate
3
__________ is usually the first step in the Sales Process. Involves finding potential customers
Prospecting
Closing
Presentation
Approach
4
With ________, it is easy to target a specific geographic location.
Business plan
Approach
Equity
Newspaper marketing
5
Brief overview of business plan, the products & services that will be provided, funding needed, & financial projections.
Income - cogs
Business plan
Trade secret
Pitch deck
6
Covers problems & solutions, value propositions, marketing channels, key metrics, costs, & revenue without business plan
Trade secret
Angel investors
Business plan
Lean canvas
7
Adaptations must be shared under the same terms.
Idea
CC
BY
SA
8
Indirect distribution channels use _______ to sell their products to the end customers.
Retailers
Existence
Middlemen
Wholesalers
9
___________ is used by businesses to show how much their investment is earning.
Cost per conversion
Return on Investment (ROI)
Business to Business (b2b)
Income statement
10
____________ loans must be paid back within 10 years.
real estate
creativity and innovation
equipment and inventory
equity
11
In the business life cycle, _________ focuses shifts to revenue, expenses, and growth. Cashflow is a major issue.
natural selection
survival of the fittest
greed is good
the invisible hand
12
_____________ is working towards achieving a goal without someone directing and ensuring it is being done.
Person praise
Personal agency
Ethical practices
Person perception
13
A(n) _____________ shows what a company owns (both assets and liabilities.)
Business Plan
Balance Sheet
Income Statement
Liabilities + Equity
14
Credit must be given to the creator.
CC
ND
BY
They must obtain ownership of the patent
15
What is the formula for calculating net income?
assets - liabilities
gross profit * tax rate
total income - COGS - expenses
total cash - total costs
16
___________ involves solving problems in the best way by considering various potential solutions to the problem.
Existence
Critical thinking
Problem solving
Ethical practices
17
_ done by sharing UR startup business online platform where U can pre-sell UR products. $ from pre-sell orders = capital
Crowdfunding
Prospecting
Bootstrapping
Closing
18
What is the formula for calculating the burn rate for a company?
Assets - liabilities
Month starting balance - month ending balance
Total cash - total costs
Current revenue * 12
19
The second step of creating a quality control process is to _____________.
Set quality standards
Review the internal quality testing results
Maturity
Establish the method of testing product quality
20
What is the formula for calculating ending cash balance?
Total monthly cost/selling price
Income - cogs
Total cash - total costs
Gross profit * tax rate