microenterprise Flashcards
money owed by a company to a supplier
- Account Payable
money owned by a customer to pay a company
- Account Receivable
individuals that make small investments in an enterprise or to support and entrepreneur where they do not expect an immediate or large return on the investment
- Angel Investors
Something of value. Anything owned
- Assests
debt from bank
- Bank Loan
a loan
- Bond
a determination of how many units are needed to sell in order to pay for all fixed costs.
- Breakeven Anaylsis
a company that provides individuals and companies with access to financial markets
- Brokerage
proper business behavior beyond complying with legal requirements
- Business Ethics
funds contributed by investors to a business
10.Capital (or Equity
expenditures on equipment the business will use for many years.
- Capital Expenditures
total revenue minus total cost minus one-time expenditures
- Cash Flow
cash, publicity traded stocks, government bonds or corporate bonds that can be quickly turned into cash
- Cash Instruments
equipment, inventory or other goods that are pledged to the bank in the case the company cannot make a payment
- Collateral
the ability to interact in a friendly and effective way with unfamiliar people
- Comfort Engaging with Strangers
money earned when something is sold
- Commission
a promise to keep information you learn secret
- Confidentiality
a situation in which and individual might take an action to his /her advantage that would be to in disadvantage of a person or company that believes this individual is serving them
- Conflict of Interest
unit price minus cost of goods sold
- Contribution Margin
action entrpremeurs and companies take that go beyond their financial self interest.
- Corporate Social Responsibility
a corporation is a person of in the eyes of law
- Corporation
cost that make up one unit of what you sell
- Cost of Goods Sold
a loss that an insurance company will reimburse a policy holder for in the event of a claim
- Covered Loss
fund lent to a business with and agreement that the business will repay the lender with interest
- Credit (or debit)
Worthiness- a person or a business with a strong credit score and the financial resources that make likely they will be able to repay any loan.
- Credit
