micro enterprise study 1 Flashcards
what are the 5 steps of micro-enterprise credential?
self-assessment, self-assessment presentation, micro-enterprise credit application, company registration, credential online test
what is the definition of BRAC and what does it do?
Baton Rouge Area Chamber are the creators of the micro-enterprise certification.
what is the definition of nepris ?
online program that provides onlimited access to industry experts in all careers.
money owed by a company to a supplier is called what?
accounts payable
money owed by a customer to a company is called what ?
accounts receivable
individual that make small investments in an enterprise or to support an enterpreneur where they do not expect an immediate or large return on the investment, but they are typically friends and family who know the business owner and want to see them succeed is called what?
angel investors
something of value. anything owned is called what?
asserts
debt from a bank. banks require much more information from potential borrowers, and take more time to make a lending decision based on a great deal of analysis, therefore, bank loans are less expensive than online lines of credit is called what?
bank loan
security that investors buy & sell that represents legal obligation from the company issuing the bond that they will repay the funds they received when they issued the bond is called what?
bond
determine of how many units are needed to sell in order to pay for all fixed costs is called what?
breakeven analysis
company that provides individuals and companies with access to financial markets is called what?
brokeage
proper business behavior beyond complying with legal requirements is called what?
business ethics
expenditures or equiment the business will use for many years is called what?
capital expenditures
money earned when something is sold is called what?KEYWORDS-money earned and sold
commission
ability to interact in a friendly and effective way with unfamiliar people, ability to seem welcoming and easy to talk to, even with people who are different age, appearance, or background is called what? KEYWORDS-friendly and effective way in unfamiliar people
comfort engaging with strangers
funds contributed by investors to a business, investor s contribute capital to business because they expect a significant return on their investment when the business succeed is called what? KEYWORDS-investors contribute CAPITAL
capital
total revenues- total cost- one time expenditures on equipment that will be used for many years is called what? KEYWORDS-total revenues-total costs-one time expenditures
cash flow
publicly traded stock, got bonds, corporate bonds that can be quickly turned into cash is called what?KEYWORDS- bonds into cash
cash instruments
equipment, inventory, and other goods that are pledged to the banking the case the company cannot make a loan payment is called what? KEYWORDS-company CANNOT make a loan payment
collateral
a promise to keep into you learn secret, promise is often formalized by signing a non-disclosure agreement ( NDA )what is it called? KEYWORDS-learn to keep a secret
confidentiality
a person in the eyes of the law, taxed for profit and is liable for any debt/eidgements, owned by shave holders(individuals/other corporations).what is it called? KEYWORDS-debt/eidgement
corporation
insurance company will reimburse policy holder for in the event of a claim.what is it called? KEYWORDS-reimburse policy holder
covered loss
funds lent to a business company with an agreement that the business will repay the lender with interest. what is it called? KEYWORDS-repay lender with interest
credit/ debt
worthiness- person/business with a strong credit score and financial resources that make it likely they will be able to repay you. what is it called? KEYWORDS-strong credit scores
credit
cost that make up one unit of what you sell, these can be labor cost as well as material costs. what is it called? KEYWORDS-labor cost
cost of goods sold
situation in which a individual might take an action on his/her advantage that would be to the disadvantage of a person/ company that believes this individual is serving them. what is it called? KEYWORDS-disadvantage and advantage
conflict of interest
price-cost of goods sold
contribution margin
action entrepreneurs and company take that go beyond their financial self-interest. what is it called?
corporate social responsibility
