1st

Question 1

crowdfunding

Answer 1

an internet phenomenon,where strangers learn about a business online and then decide whether to make an investment or not.

Question 2

deductible

Answer 2

the amount an insurance company makes a policy holder pay as part of any claim.

Question 3

default

Answer 3

failure to repay a loan

Question 4

determination

Answer 4

the commitment to get something done.

Question 5

differentiated offering

Answer 5

distinguishing a product or service ‘different that anything else’ attracting customers,generating sales and serving as a foundation for a thriving business.

Question 6

dividend

Answer 6

money paid by a company to a person who owns stock in that company.

Question 7

elevator speech

Answer 7

a clear,concise and compelling way to describe a business or new business concept in 30 seconds

Question 8

engaging question

Answer 8

open ended questions that prompt more than a yes or no answer

Question 9

equity

Answer 9

funds contributed by investors to a business

Question 10

financial literacy

Answer 10

understanding how individuals and businesses earn money and what they spend money on.

Question 11

fiscal year

Answer 11

a 12 month period a company uses to report financial results

Question 12

fixed costs

Answer 12

costs that do not vary based on the units sold by the enterprise.

Question 13

geaux biz portal

Answer 13

a computer portal offered by Louisiana secretary of state that enables entrepreneurs to go to a single source to learn which forms they need to file .

Question 14

grit

Answer 14

an individuals self commitment to overcome obstacles to achieve long-term goals .the ability to keep persuing your dreams despite challenges.

Question 15

guarantor

Answer 15

a credit worthy individual or business with sufficient liquidity promises to repay a loan in the event that the debt holder cant make a payment required

Question 16

ira

Answer 16

a special account where individuals can deposit retirement funds that can grow tax-deffered until they withdraw them after they retire.

Question 17

installment payment

Answer 17

debt owed to someone that is paid monthly

Question 18

insurance claim

Answer 18

the amount an insurance policyholder receives from the insurance company to reimburse the policy holder for a coverd loss.

Question 19

insurance policyholder

Answer 19

the individual or business that insurance policy for various types of protection.

Question 20

insurance premium

Answer 20

the amount a policyholder pays for an insurance policy.

Question 21

intellectual property

Answer 21

non physical assets created by individuals or companies that hold the legal right to commercialize.

Question 22

copyright

Answer 22

give the author sole right to benifet economically from what he/she wrote.

Question 23

patent

Answer 23

gives the inventor sole right to benifet commercially from his/her invention.

Question 24

trade mark

Answer 24

gives the registering individual or company the sole right to benifet from the brand or image he/she created.

Question 25

irs

Answer 25

the federal agency that collects federal taxes and performs audits

Question 26

inventory

Answer 26

the merchandise a company sells to a customer

Question 27

judgement

Answer 27

a legal decision requiring a person or company to pay another person or company.

Question 28

liability

Answer 28

an obligation you have to pay someone else money.also called a debt or loan.