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Block1 > Micro entyerprise studyguide1 > Flashcards

Micro entyerprise studyguide1 Flashcards

1
Q

Complete two part self assessment

A

Self assessment

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2
Q

Presentation to an unfamiliar workplace adult

A

Self assessment presentation

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3
Q

complete online credit application

A

micro enterprise credit application

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4
Q

register a fiction business on Geauxbus student portal

A

company registration

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5
Q

small business

A

micro enterprise

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6
Q

online certification exam

A

credential online exam

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7
Q

provides the majority of employment in Louisiana and the united states

A

small business

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8
Q

Baton rouge area champerare the creators of the micro enterprise certification

A

BRAC

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9
Q

online program that provides unlimited access to industry experts in all careers

A

Nepris

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10
Q

money owed by a company to supplier.

A

accounts payable

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11
Q

money owed by a customer to a company

A

accounts receivable

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12
Q

individuals that make small investments in an enterprise or to support an entrepreneur where they do not expect an immediate or large reture on the investment.

A

angel investors

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13
Q

something of value. anything owed

A

assets

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14
Q

debt from a bank

A

bank loan

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15
Q

a loan

A

bond

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16
Q

the ability to interact in a friendly and effective way with unfamiliar people

A

comfort engaging

17
Q

money earned when something is sold

A

commission

18
Q

a promise to keep info you learn secret

A

confidentiality

19
Q

a situation in which an individual might take an action to his/her advantage that would be to the disadvantage of a person or company that believes this individual is serving them

A

conflict of interest

20
Q

price minus cost of goods sold

A

contribution margin

21
Q

actions entrepreneurs and companies take that go beyond their financial self-interest

A

corporate social responsibility

22
Q

a corporation is a person in the eyes of the law. Its taxed for profits and is liable for any debts or judgements

A

corporation

23
Q

cost that make up one unit of what you sell. these can be labor cost as well as material cost

A

cost of goods sold

24
Q

a loss that an insurance company will reimburst a policy holder for in the event of a claim

A

covered loss

25
Q

funds lent to a business will repay the lender with interest

A

credit (or debt)

26
Q

a person or a business with a strong credit score and the financial resources that makes it likely they will be able to repay any loan

A

credit worthiness

Block1 (3 decks)

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