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mirconterprise > microenterprise > Flashcards

microenterprise Flashcards

1
Q

money owed by a company to a supplier

A
  1. Account Payable
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2
Q

money owned by a customer to pay a company

A
  1. Account Receivable
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3
Q

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

A
  1. Angel Investors
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4
Q

Something of value. Anything owned

A
  1. Assests
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5
Q

debt from bank

A
  1. Bank Loan
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6
Q

a loan

A
  1. Bond
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7
Q

a determination of how many units are needed to sell in order to pay for all fixed costs.

A
  1. Breakeven Anaylsis
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8
Q

a company that provides individuals and companies with access to financial markets

A
  1. Brokerage
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9
Q

proper business behavior beyond complying with legal requirements

A
  1. Business Ethics
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10
Q

funds contributed by investors to a business

A

10.Capital (or Equity

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11
Q

expenditures on equipment the business will use for many years.

A
  1. Capital Expenditures
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12
Q

total revenue minus total cost minus one-time expenditures

A
  1. Cash Flow
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13
Q

cash, publicity traded stocks, government bonds or corporate bonds that can be quickly turned into cash

A
  1. Cash Instruments
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14
Q

equipment, inventory or other goods that are pledged to the bank in the case the company cannot make a payment

A
  1. Collateral
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15
Q

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

A
  1. Comfort Engaging with Strangers
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16
Q

money earned when something is sold

A
  1. Commission
17
Q

a promise to keep information you learn secret

A
  1. Confidentiality
18
Q

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

A
  1. Conflict of Interest
19
Q

unit price minus cost of goods sold

A
  1. Contribution Margin
20
Q

action entrpremeurs and companies take that go beyond their financial self interest.

A
  1. Corporate Social Responsibility
21
Q

a corporation is a person of in the eyes of law

A
  1. Corporation
22
Q

cost that make up one unit of what you sell

A
  1. Cost of Goods Sold
23
Q

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

A
  1. Covered Loss
24
Q

fund lent to a business with and agreement that the business will repay the lender with interest

A
  1. Credit (or debit)
25
Q

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.

A
  1. Credit

mirconterprise (1 decks)

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