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micro enterprise 2 > second part > Flashcards

second part Flashcards

1
Q

an internet phenomenon where strangers learn about a business online and then decided whether or not to make an investment crowdfunding investors are typically fans of an owner but they do expect a return on investment

A
  1. Crowdfunding
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2
Q

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

A
  1. Deductible
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3
Q

failure to repay a loan

A
  1. Default
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4
Q

the commitment to get something done

A
  1. Determination
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5
Q

distinguishing a product or service different than anything else attracting customers generating sales and serving as the foundation for a thriving business

A
  1. Differentiated offering
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6
Q

money paid by a company to a person who owns stock in that company dividends are optional many companies do not pay dividends. Dividends are typically paid every three months

A
  1. Dividend
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7
Q

clear concise and compelling way to describe a business or new business concept in 30 seconds a differentiating vision to encourage potential investors or employees to learn more.

A
  1. Elevator speech
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8
Q

questions open ended questions that promote more than a yes or no answer.

A
  1. Engaging questions
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9
Q

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

A
  1. Equality or capital funds
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10
Q

understanding how individuals and business earn money and what they spend money on

A
  1. Financial literacy
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11
Q

the 12-month period a company uses to report financial results a financial. year can be the same as a calendar year or it can be any 12-month period that makes sense.

A
  1. Fiscal year
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12
Q

costs that don’t very based on the units sold by the enterprise

A
  1. Fixed cost
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13
Q

portal a computer portal offered by the Louisiana secretary of state that enables entrepreneurs to go to a single source to learn which forms they need to file the forms required by the secretary of state and to determine which other government agencies they may need to interact with

A
  1. Geaux BIZ portal
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14
Q

an individual’s self-commitment to overcome obstacles to achieve long term goals the ability to keep pursuing your dream despite challenges and defeats perseverance resilience and backbone

A
  1. Grit
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15
Q

a credit worthy individual or business with sufficient liquidity that promises to repay a loan in the event that the debt-holder can’t make a required payment

A
  1. Guarantor
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16
Q

special account where individuals can deposit retirement funds account where individuals can deposit retirement funds that can grow tax-deferred until they withdraw them after they retire. Advantages there are no annual income taxes on any dividends or profitable sales that an IRA makes. The money remains in the account and only gets taxed when the individuals retires. If an individual withdraws money from the IRA before he/she retires they are forced to pay the IRS significant penalties for early withdrawals.

A
  1. Individual retirement account IRA
17
Q

owned to someone that is paid monthly

A
  1. Installment payment debt
18
Q

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

A
  1. Insurance claim
19
Q

policyholder the individual or business that purchases an insurance policy for various types of protection

A
  1. Insurance policyholder
20
Q

give author the right the sole right to benefit economically from what they wrote

A
  1. copyright
21
Q

the federal agency that collects federal taxes and performs audits

A
  1. Internal revenue service’s IRS
22
Q

merchandise that a company sells to customers

A
  1. Inventory
23
Q

the amount policyholder pays for an insurance policy

A
  1. Insurance premium
24
Q

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

A
  1. Judgment
25
Q

an obligation you have to pay someone else money. Also called a debt or loan

A
  1. Liability
26
Q

b. Patent gives the inventor the sole right to benefit commercially from their invention

A

26 patent

27
Q

c. Trademark gives the registering individuals or company the sole right to benefit from a brand or image they created

A

27 trademark

28
Q

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

A
  1. Intellectual property

micro enterprise 2 (1 decks)

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