pt. 2

Question 1

internet phenomenon, where strangers learn about a business online & then declined whether/ not to make an investment.

Answer 1

Crowdfunding

Question 2

the amount an insurance company makes a policyholder pay as part of any claim.

Answer 2

Deductible

Question 3

failure to repay a loan

Answer 3

Default

Question 4

commitment to get something done

Answer 4

Determination

Question 5

distinguishing a product/ service

Answer 5

Differentiated offering

Question 6

money paid by a company to a person who owns stock in that company. Many companies do not pay dividend, optional, paid every 3 months

Answer 6

Dividend

Question 7

clear concise & compelling way to describe a business / new business concept in 30 seconds

Answer 7

Elevator speech

Question 8

open ended question that prompt more than a yes r no answer

Answer 8

Engaging question

Question 9

funds contributed by investors to a business

Answer 9

Equity (Capital)

Question 10

understanding how individuals and businesses earn money & what they spend on money on.

Answer 10

Financial Literacy

Question 11

12-month period a company uses to report financial results

Answer 11

Fiscal year

Question 12

costa that do not vary based on the units sold by the enterprise

Answer 12

Fixed cost

Question 13

computer portal offered by the Louisiana Secretary of State that enables entrepreneurs go to a single source to learn which forms they need to file the forms

Answer 13

Geaux BIZ Portal

Question 14

individual’s self-commitment to overcome obstacles to achieve long-term goals

Answer 14

Grit

Question 15

credit- worthy individual/ business w/ sufficient liquidity that promise to repay a loan in the event that the debtholder can’t make a requirement payment

Answer 15

Guarantor

Question 16

special account where individuals can deposit retirement funds that can grow tax-deferred until they withdraw them after they retire.

Answer 16

Individual Retirement Account (IRA)

Question 17

debt owed to someone that is paid monthly

Answer 17

Installment payment

Question 18

amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss

Answer 18

Insurance claim

Question 19

individual/ business that purchases an insurance policy for various types of protection

Answer 19

insurance policyholder

Question 20

the amount a policyholder pays for an insurance policy

Answer 20

insurance premium

Question 21

non-physical assets created by individuals/ companies that hold the exclusive legal right to commercialize

Answer 21

intellectual property

Question 22

give the author sole right to benefit economically from he/she wrote

Answer 22

copyright

Question 23

gives the inventor the sole right to benefit commercially from his/her invention

Answer 23

patent

Question 24

gives the registering individual/ company the sole right to benefit from a brander image he/she created

Answer 24

trademark

Question 25

the federal agency that collects federal taxes and performs audits

Answer 25

IRS (internal revenue service)

Question 26

the merchandise that a company cells top a customer

Answer 26

inventory

Question 27

a legal decision requiring a person / company to pay another person/ company

Answer 27

judgement

Question 28

an obligation you have to pay someone else money also called a debt/ loan

Answer 28

liability