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micro-enterprise > Test 1 > Flashcards

Test 1 Flashcards

1
Q

Complete two-part self-assessment.

A

Self-assessment

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2
Q

Presentation to an unfamiliar workplace adult.

A

Self-assessment presentation

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3
Q

Complete online credit application.

A

Micro-enterprise credit application

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4
Q

Register a fictitious business on Geaux Biz student portal.

A

Company registration

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5
Q

Online certification exam.

A

Credential online test

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6
Q

Online program that provides unlimited access to industry experts in all careers.

A

Nepris

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7
Q

Money owed by a company to a supplier.

A

Accounts payable

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8
Q

Money owed by a customer to a company.

A

Accounts receivable

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9
Q

Individuals that make small investments in an enterprise or to support an entrepreneur where they do not except an immediate or large return on the investment .

A

Angle inestors

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10
Q

Something of value, anything owned.

A

Assets

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11
Q

Debt from a bank. Banks require much more information from potential borrowers, and take more time to make a leading decision based on a great deal of analysis.

A

Bank loan

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12
Q

A loan. A bond is a security that investors buy and sell, that represents a legal obligation from the company issuing that bond that they will repay the funds the received when they issued the bond.

A

Bond

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13
Q

A determination of how many units are needed to sell in order to pay for all fixed cost.

A

Break even Analysis

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14
Q

A company that provides individuals and companies with access to financial markets.

A

Brokerage

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15
Q

Proper business behavior beyond complying with legal requirements.

A

Business Ethics

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16
Q

Funds contribute by investors to a business. Investors contribute capital to a business.

A

Capital (or Equity)

17
Q

Expenditures on equipment the business will use for many years.

A

Capital Expenditures

18
Q

Total revenues minus total cost minus one-time expenditures (called “capital expenditures”) on equipment that will be used for many years.

A

Cash Flow

19
Q

Cash, publicly traded stocks, government bonds, or corporate bonds that can be quickly turned into cash, cash instruments can be turned into cash at values that are predictable and available to all holders of the cash in instrument.

A

Cash Instruments

20
Q

Inventery or other goods that are pledged to the bank in the case the company cannot make a loan payment.

A

Collateral

21
Q

The ability to interact an friendly and effective way with unfamiliar people.

A

Comfort Engaging with Strangers

22
Q

Money earned when something is odd.

A

Commission

23
Q

A promise to keep information you learn secret. This promise if often for moralized by singing a Non-Disclosure Agreement (or NDA).

A

Confidentiality

24
Q

A situation in which an individual might take an action to his/her advantage that would be to the disadvantages of a person or company that believes this individual is serving them.

A

Conflict of interest

25
Q

Unit price minus cost of goods sold.

A

Contribution Margin

26
Q

Actions entrepreneurs and companies take that go beyond their financial self-interest.

A

Corporate Social Responsibility

27
Q

A corporation is a person in the eyes of the law.

A

Corporation

28
Q

Costs that make up one unit of what you sell.

A

Cost of Goods Sold

29
Q

A loss that an insurance company will reimburse a policy holder for in the event of a claim.

A

Covered Loss

30
Q

Funds tent to a business with an agreement that the business will repay the lender with interest.

A

Credit (or Debit)

31
Q

A person or a business with a strong credit score and the financial resources that make it likely they will be able to repay any loan.

A

Credit-Worthiness

32
Q

Baton Rouge are a chamber and the creators of the micro-enterprise certification

A

BRAC

33
Q

What are the five components you must complete to obtain the regional micro-enterprise certification?

A 
A. Self-Assessment
B. Self-assessment Presentation
C. Micro-Enterprise Credit Application
D. Company Registration on Geaux Biz Student Portal
E. Online Credential Test.
34
Q

Means small Business

A

Micro-Enterprise

35
Q

Provides the majority of employment in Louisiana and the u.s.

A

Small Businesses

36
Q

What is BRAC?

A

Baton Rouge Area Chamber and Creator of the Micro-Enterprise certification.

37
Q

What is the online program that provides unlimited access to industry experts in all careers?

A

Nepris

micro-enterprise (4 decks)

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