note Flashcards
Self-assessment
complete two-part self-assessment.
Self-assessment presentation
presentation to an unfamiliar workplace adult.
Micro-Enterprise Credit Application
complete online credit application.
Company Registration
register a fictitious business on GeauxBiz student portal.
Credential Online Test
online certification exam.
Micro-Enterprise
means small business.
Small businesses
provide the majority of employment in Louisiana and the U.S.
BRAC
Baton Rouge Area Chamber are the creators of the micro-enterprise
certification.
Nepris
online program that provides unlimited access to industry experts in all
careers.
Accounts Payable
money owed by a company to a supplier.
Accounts Receivable
Money owed by a customer to a company.
Angel Investors
Individuals that make small investments in an enterprise or to
support an entrepreneur where they do not expect an immediate or large return
on the investment.
Assets
Something of value. Anything owned.
Bank Loan
debt from a bank. Banks require much more information from
potential borrowers, and take more time to make a lending decision based on a
great deal of analysis.
Bond
a loan. A bond is a security that investors buy and sell, that represents a
legal obligation from the company issuing the bond that they will repay the funds
they received when they issued the bond.
Breakeven Analysis
A determination of how many units are needed to sell in order to pay for all fixed costs.
Brokerage
A company that provides individuals and companies with access to
financial markets.
Business Ethics
Proper business behavior beyond complying with legal
requirements.
Capital (or Equity)
– Funds contributed by investors to a business. Investors contribute capital to a business because they expect a significant return on their
investment when the business succeeds.
Capital Expenditures
Expenditures on equipment the business will use for
many years.
Cash Flow
– Total Revenues minus Total cost minus one-time expenditures
(called “capital expenditures”) on equipment that will be used for many years.
Cash Instruments
Cash, publicly traded stocks, government bonds, or
corporate bonds that can be quickly turned into cash.
Collateral
Equipment, inventory or other goods that are pledged to the bank in
the case the company cannot make a loan payment.
Comfort Engaging with Strangers
The ability to interact in a friendly and
effective way with unfamiliar people.
Commission
money earned when something is sold.
Confidentiality
a promise to keep information you learn secret. This promise
is often formalized by signing a Non-Disclosure Agreement (or NDA).
Conflict of Interest
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.
Contribution Margin
unit price minus cost of goods sold.
Corporate Social Responsibility
actions entrepreneurs and companies take
that go beyond their financial self-interest.
