note

Question 1

Self-assessment

Answer 1

complete two-part self-assessment.

Question 2

Self-assessment presentation

Answer 2

presentation to an unfamiliar workplace adult.

Question 3

Micro-Enterprise Credit Application

Answer 3

complete online credit application.

Question 4

Company Registration

Answer 4

register a fictitious business on GeauxBiz student portal.

Question 5

Credential Online Test

Answer 5

online certification exam.

Question 6

Micro-Enterprise

Answer 6

means small business.

Question 7

Small businesses

Answer 7

provide the majority of employment in Louisiana and the U.S.

Question 8

BRAC

Answer 8

Baton Rouge Area Chamber are the creators of the micro-enterprise
certification.

Question 9

Nepris

Answer 9

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

Question 10

Accounts Payable

Answer 10

money owed by a company to a supplier.

Question 11

Accounts Receivable

Answer 11

Money owed by a customer to a company.

Question 12

Angel Investors

Answer 12

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.

Question 13

Assets

Answer 13

Something of value. Anything owned.

Question 14

Bank Loan

Answer 14

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.

Question 15

Bond

Answer 15

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.

Question 16

Breakeven Analysis

Answer 16

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

Question 17

Brokerage

Answer 17

A company that provides individuals and companies with access to
financial markets.

Question 18

Business Ethics

Answer 18

Proper business behavior beyond complying with legal

requirements.

Question 19

Capital (or Equity)

Answer 19

– 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.

Question 20

Capital Expenditures

Answer 20

Expenditures on equipment the business will use for

many years.

Question 21

Cash Flow

Answer 21

– Total Revenues minus Total cost minus one-time expenditures
(called “capital expenditures”) on equipment that will be used for many years.

Question 22

Cash Instruments

Answer 22

Cash, publicly traded stocks, government bonds, or

corporate bonds that can be quickly turned into cash.

Question 23

Collateral

Answer 23

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

Question 24

Comfort Engaging with Strangers

Answer 24

The ability to interact in a friendly and

effective way with unfamiliar people.

Question 25

Commission

Answer 25

money earned when something is sold.

Question 26

Confidentiality

Answer 26

a promise to keep information you learn secret. This promise

is often formalized by signing a Non-Disclosure Agreement (or NDA).

Question 27

Conflict of Interest

Answer 27

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.

Question 28

Contribution Margin

Answer 28

unit price minus cost of goods sold.

Question 29

Corporate Social Responsibility

Answer 29

actions entrepreneurs and companies take

that go beyond their financial self-interest.