enterprise 3

Question 1

right to take possession of collateral unit a debt is repaid.

Answer 1

1. Lien

Question 2

a loan that provides the borrower a maximum amount of money he can borrow borrower can then access or use that line of credit of only as much money as they need at a time

Answer 2

3. Line of craft

Question 3

cash or securities that can be immediately turned into cash which can then repay any loan amount out siding

Answer 3

4. Liquid assets

Question 4

the state agency that collects state taxis

Answer 4

5. Louisiana Department of revenue

Question 5

how a business communicates to large numbers of customers motivating them to learn more about the business and its offering

Answer 5

6. Marketing

Question 6

the date a loan is repaid full

Answer 6

7. Maturity

Question 7

person who coaches and supports an entrepreneur or a student studying to become an entrepreneur

Answer 7

8. Mentor

Question 8

a special type of corporation where individual’s owners are taxed on the profits of the company but the corporation is liable

Answer 8

2. Limited liability corporation LLC

Question 9

the money a person can borrows to buy real estate

Answer 9

9. Mortgage

Question 10

an investment security that includes many different stocks purchased and held together investors purchase mutual funds because they are less risky than holding an individual’s stock

Answer 10

10. Mutual fund

Question 11

net means revenues after costs

Answer 11

11. Net income

Question 12

a payment that is owed every month

Answer 12

12. Obligation

Question 13

debt obtained from a number of online company’s borrowers need to disclose much less information about themselves to obtain online credit and online credit companies make credit decisions much more quickly than banks

Answer 13

13. Online credit

Question 14

when a company issues a check or makes a financial commitment for an amount greater than the amount the company has deposited in the bank also called bounced check

Answer 14

14. Overdraft

Question 15

that a business incurs that are not part of producing the goods or services it sells but which are required to operate legally and efficiently

Answer 15

15. Overhead coast

Question 16

owning an asset without any associated debt

Answer 16

16. Own free and clear

Question 17

when two or more individuals own a company partners are taxed on the profits of the company

Answer 17

17. Partnership

Question 18

the amount of money borrowed

Answer 18

18. Principal

Question 19

Latin phrase that in a business means a projection of future financial performance a pro forma usually takes the form of

Answer 19

19. Pro forma

Question 20

the ability to find a solution to difficult or complex issues the process of working through the detains of a challenge or crisis often under pressure to reach a problem

Answer 20

20. Problem solving

Question 21

revenues minus costs

Answer 21

21. Profit

Question 22

unit price minus cost of goods sold.

Answer 22

22. Profits per unit’s

Question 23

most projections are for a year a quarter means three months

Answer 23

23. Quarter

Question 24

are property and the buildings on it real estate can be of land or can be a home on that piece of land or it can be building real estate is typically purchased using a mortgage. The down payment the buyer makes is called the buyers equality

Answer 24

24. Real estates

Question 25

1. debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment. A secured debt can be guaranteed by entrepreneur or by any credit-worthy guarantor

Answer 25

25. Secured debt