Esb Exam Study Guide 100% Correct Answers

An individual starts a babysitting business with a loan of $1000. The loan is for 2 years at a 5% COMPOUND interest rate. How much will the individual owe by the end of the loan assuming nothing is paid until the end of the 2 years term. {Ans: $1,102.50}Businesses accept many forms of payment in exchange for goods and services. {Ans: Cash- government back currency Check- payable note used by account owner to pay debt Debit card- electronic deduction from existing account Line of Credit- a loan to purchase now and pay later}An entrepreneur was building a website for a new dog grooming business. Through internet searches, the entrepreneur found many pictures to use on the new business's website. Which type of intellectual property protection is at issue in this example? {Ans: Copyright}Terminates upon death of a partner {Ans: General or Limited Partnership}A local bakery wants to develop close relationships with its customers to encourage return business. What is the best option for the bakery to accomplish this goal? {Ans: Provide a free baked good each quarter to customers who signup to receive a monthly newsletter}Transferring ownership to people who already operate the business