micro enterprise credential notes

Question 1

what is an internet phenomenon?

Answer 1

Crowdfunding

Question 2

what is an amount of insurance company makes a policyholder pay as part of any claim?

Answer 2

Deductible

Question 3

what is a failure to repay a loan?

Answer 3

Default

Question 4

what is a commitment to get something done?

Answer 4

Determination

Question 5

what is a distinguishing a product or service different then anything else attracting customers, generating sales and serving as the foundation fro a thriving business?

Answer 5

Differential Offering

Question 6

what is a money paid by a company to a person who owns stock in that company?

Answer 6

Dividend

Question 7

what is a clear, concise and compelling way to describe a business or new business concept in 30 seconds, a differentiating vision to encourage potential investors or employees to learn more?

Answer 7

Elevator Speech

Question 8

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

Answer 8

Enaging Question

Question 9

what is funds contributed by investors to a business?

Answer 9

Equity ( or capital)

Question 10

what is understanding how individuals and business earn money and what they spend money on?

Answer 10

Financial LIteracy

Question 11

what is a 12 month period a company uses to report financial results?

Answer 11

Fiscal year

Question 12

what is a costs that do not vary based on the units sold by the enterprise?

Answer 12

Fixed costs

Question 13

what is a company portal offered by the Louisiana Secretary of state that enables entrepreneurs to go to a single source to learn which forms they need to file, the forms required by the Secretary of State and to determine which other government agencies they may need to interact with?

Answer 13

Geaux BIZ Portal

Question 14

what is individual’s self commitment to overcome obstacles to achieve long-term goals?

Answer 14

Grit