micro enterprise Study Guide 1 Flashcards
means small business
Micro-Enterprise
what are the five steps to obtaining a Micro-Enterprise certification?
- Self- assessment
- Self-assessment presentation
- Mirco-Enterprise Credit Application
- Company Registration
- Credential Online Test
ability to interact in a friendly and effective way with unfamiliar people. the ability to seem welcoming and easy to talk to even with people who are different in age, appearance, or background
Comfort Engaging With Strangers
money earned when something is sold
Commission
a promise to keep information you learn secret. this promise is often formalized by signing a non-disclosure agreement (or NDA)
Confidentiality
Baton Rouge Aera Chamber are the creators of the micro-enterprise certification
BRAC
online program that provides unlimited access to industry experts in all careers
Nepris
money own by a company to a supplier.
Accounts Payable
money owed by a customer to a company
Accounts Receivable
individuals that make small investment in an enterprise or to support an enterprise were they do not expect an immediate or large return on the investment
Angel Investors
something of value.anything owned
Assests
debt from a bank. bank require much more information from potential borrowers
Bank Loan
a loan. is a security that investors buy and sell, represents a legal obligation from the company issuing that they will repay the fund they received when they issued it
Bond
a determination of how many units are needed to sell in order to pay for all fixed costs
Breakeven Analysis
a company that provides individuals and companies with access to financial markets
Brokerage
proper business behavior beyond complying with legal requirements
Business Ethics
funds contributes by investors to an business because they expect a significant return on their investment when the business succeeds
Capital (or Equity)
expenditures on equipment the business will use for many years
Capital Expenditures
total revenuers minus total cost minus one-time expenditures ( called “capital expenditures”)
Cash Flow
cash publicly traded socks,government bonds, or corporate bonds that can be quickly turned into cash
Cash Investment
equipment inventory or other goods that are pledged to the bank in the case. the company cannot make a loan payment
Collateral
a situation in which an individual might take an action to his/her advantage
Conflict of Interest
complete two-part
Self Assessment
presentation to an unfamiliar workplace adults
Self Assessment Presentation
complete online credit application
Micro-Enterprise Credit Application
register a fictitious business on GeauxNBiz
Company Registration
online certification exam
Credential Online Test
price minus costs of goods sold
Contribution Marquin
actions entrepreneurs and companies take that go beyond their financial self-interest
Corporate Social Responsibility
a corporation is a person in the eyes of the law
Corporation
costs that make up one unit of what you sell. these can be labor costs as well as material costs
Cost of Goods Sold
a loss that an insurance company will reimburse a policyholder for in the event of a claim
Cover Cost
funds lent to a business with an agreement that the business will repay the lender with interest
Credit or Debt
a person or a business with a strong credit score and the financial resources that make it likely they will be able to repay any loan
Credit Worthiness
