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ESB CERTIFICATION TEST 2025 QUESTIONS AND ANSWERS Entrepreneurship - ....ANSWER ...-Setting up business with the aim to make profit. B2B (business-to-business) - ....ANSWER ...-Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - ....ANSWER ...-Sells products and services directly to customer for personal use. Small buisness - ....ANSWER ...-A small business is when a business has less than 35.5 million dollars in revenue, and fewer than 1,500 employees. S corporation(Small businesses) - ....ANSWER ...-is a legal structure with 100 shareholders(U.S. citizens only) MAX, who are not responsible for Liabilities. And they are only taxed once, and there is a separate tax return for the business. C Corporation (Companies) - ....ANSWER ...-is a legal structure used for when the company plans to sell stock to the public. It has unlimited shareholders (not responsible for liabilities) that are taxed twice (corporates level and income received). A separate tax return is required for business. ....FOR STUDY PURPOSES...©️2025 ALL RIGHTS RESERVED... 1