Micro Enterprise

Question 1

complete two part self assessment

Answer 1

self assessment

Question 2

presentation to an unfamiliar workplace adult

Answer 2

self assessment presentation

Question 3

complete online credit application

Answer 3

micro enterprise credit application

Question 4

register a ficticious business on GeauxBiz student portal

Answer 4

company registration

Question 5

online certification exam

Answer 5

credential online test

Question 6

small business

Answer 6

micro enterprise

Question 7

Baton Rouge Area Chamber are the creators of the micro enterprise certification

Answer 7

BRAC

Question 8

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

Answer 8

nepris

Question 9

money owed by a company to a supplier

Answer 9

accounts payable

Question 10

money owed by a customer to a company

Answer 10

accounts receivable

Question 11

individuals that make small investments in an enterprise or wants to see them succeed

Answer 11

angel investors

Question 12

something of a value , anything owed

Answer 12

assets

Question 13

debit from a bank

Answer 13

bank loan

Question 14

a loan

Answer 14

bond

Question 15

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

Answer 15

breakeven analysis

Question 16

a company that provides individuals & companies with access to financial markets

Answer 16

brokerage

Question 17

proper business behavior beyond complying with legal requirements

Answer 17

business ethics

Question 18

funds contributed by investors for a business

Answer 18

capital (or equity)

Question 19

expedentures on equipment the business will use for many years

Answer 19

capital expedentures

Question 20

total revenues minus total cost minus one time expedentures on equipment that will be used for many years

Answer 20

cash flow

Question 21

can be turned into cash

Answer 21

cash instruments

Question 22

cannot be a loan payment

Answer 22

collatoral

Question 23

the ability to interact in a friendly way with unfamiliar people.

Answer 23

comfort engaging with strangers

Question 24

money earned when something is sold

Answer 24

commission

Question 25

a promise to keep information you learn a secret

Answer 25

confidentially

Question 26

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

Answer 26

conflict of interest

Question 27

unit price minus cost of goods sold

Answer 27

contribution margin

Question 28

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

Answer 28

corporate social responsibility