MESG 1

Question 1

What is the first step of Self Assessment?

Answer 1

To complete a two part assessment.

Question 2

What is a Self Assessment Presentation?

Answer 2

Presentation to an unfamiliar work place adult.

Question 3

What needs to be completed for the micro enterprise credit application?

Answer 3

An online credit application.

Question 4

What is to be done when it comes to Company Registration?

Answer 4

You register a fictitious business on GeauxBiz student portal.

Question 5

What is the Credential Online Test?

Answer 5

Its the online certification exam.

Question 6

Micro Enterprise means?

Answer 6

Small Business.

Question 7

What provides the majority of employment in Louisiana and the U.S.?

Answer 7

Small Business.

Question 8

What is B-R-A-C?

Answer 8

Baton Rouge Area Chamber.

Question 9

What is Nepris?

Answer 9

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

Question 10

What are Accounts Payable?

Answer 10

Money owed to a company or supplier. Ex. $10,000 being owed to a company you bought stuff from.

Question 11

What are Accounts Receivable?

Answer 11

Payment to the money that’s going out of the businesses.

Question 12

Whats an Angel Investor?

Answer 12

Individuals that make small investments in an enterprise or to support an entrepreneur where they do not expect anything extra in return.

Question 13

Whats an Asset?

Answer 13

An item of Value.

Question 14

Whats a Bank Loan?

Answer 14

Debt from a bank.

Question 15

Whats a Bond?

Answer 15

A security that investors buy and sell, that represents a legal obligation.

Question 16

Whats a Break Even Analysis?

Answer 16

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

Question 17

Whats a Brokerage?

Answer 17

A company that provides individuals and companies with access to financial markets. Ex. You buy stocks and bonds from a broker.

Question 18

What are Business Ethics?

Answer 18

Proper business behavior beyond complying with legal requirements.

Question 19

What is Capital or Equity?

Answer 19

Funds contributed by investors to a business. Investors contribute capital to a business because they expect a significant return on their investment when the business succeeds.

Question 20

what are Capital Expenditures?

Answer 20

Expenditures on equipment the business will use for many years.

Question 21

What is Cash Flow?

Answer 21

Total Revenue minus total costs minus one time expenditures.

Question 22

what is Collateral?

Answer 22

Equipment, inventory, other goods.

Question 23

What are Cash Instruments?

Answer 23

Cash, Publicly traded stocks, government bonds, or corporate bonds.

Question 24

What is Comfort Engaging with Strangers?

Answer 24

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

Question 25

What is commission?

Answer 25

Money earned when something is sold.

Question 26

What is Confidentiality?

Answer 26

A promise to keep things confidential.

Question 27

What is conflict of Interest?

Answer 27

A situation where someone takes action to his or her advantage that would be a disadvantage of a person or company.

Question 28

What is Contribution Margin?

Answer 28

Price minus cost of goods sold.

Question 29

What is Corporate Social Responsibility?

Answer 29

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

Question 30

Whats a Corporation?

Answer 30

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

Question 31

What is Cost of Goods Sold?

Answer 31

Costs that make up one unit of what you sell.

Question 32

What is Covered loss?

Answer 32

A loss that an insurance company will repay the person in the event of a claim.

Question 33

What is Credit or Debt?

Answer 33

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

Question 34

What is Credit Worthiness?

Answer 34

A person or business with a strong credit score.