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