micro-enterprise test 4 Flashcards
an INVESTMENT worth money; a “financial instrument” indicating ownership
securities
an investment VEHICLE.
security
the ability to pursue what YOU think is right or necessary to do despite temptations to quit.
self-discipline
the ability to pursue a task WITHOUT being told by someone else.
self-motivation
costs that vary SOMEWHAT based on the number of units you sell
semi- variable costs
an INDIVIDUAL that owns a company.
sole proprietorship
- one of the equal parts into which a company’s capital is DIVIDED, entitling the holder to a proportion of the profits.
share
an individual or company that owns SHARES in a company.
shareholder
ALL people or companies associated with an enterprise.
stake holders
the exact customers and market sector the business intends to SERVE
target market
Working with OTHERS to address a challenge.
teamwork
fixed cost PLUS variable cost
total costs
unit TIMES price
total revenue
the practice of operating openly and communicating fully, providing stakeholders with a CLEAR understanding of how your enterprise operates.
transparency
assets that are NOT ALREADY pledged as a guarantee to repay another loan.
unencumbered
refer to the “things” the company sells.
units
debt that does NOT include a promise by a guarantor to repay the loan in the event the debt holder is unable to make a required payment.
unsecured debt
shares in ownership of a company
stocks
costs that VARY based on the units sold by your enterprise.
variable cost
a company that PROVIDES a good or service to another company.
supplier
the HARD WORK a small business owner puts into farming, funding, and operating his/her business.
sweat equity
what are the five steps to achieve the certification?
- self assessment
- self assessment presentation
- credit application
- company registration> geauxbiz
- online credential test
