micro enterprise Test #2

Question 1

An internet phenomenon where strangers learn about a business online and then divide whether or not to make an investment

Answer 1

crowdfunding

Question 2

the amount an insurance company make a policyholder pay as part of an claim

Answer 2

deductive

Question 3

failure to repay a loan

Answer 3

default

Question 4

the commitment to get something done

Answer 4

determination

Question 5

distguisting a product of service. different than anything else

Answer 5

differenttiated offering

Question 6

a clear, consice and compelling way to describe a business or new business concep[t in 30 seconds

Answer 6

elevator speech

Question 7

money paid by a company to a person who owns stock in that company. opitional.

Answer 7

divident

Question 8

open ended question that prompts more than a yes or no question.

Answer 8

engaging question

Question 9

funds contributed by investors to a business

Answer 9

equity

Question 10

understanding how individuals and businesses earn money and what they spend money on.

Answer 10

fianicial literacy

Question 11

fiscal year

Answer 11

the 12 month period a company uses to report fianicial resuts

Question 12

cost that do not very based on the units sold by the enterprise

Answer 12

fixed cost