study guide Flashcards
means small business
Micro-enterprise
Baton Rouge Area of Chamber
BRAC
money owned by a company to a supplyer
Accounts Payable
money owed by a customer to a company
Accounts Receivable
Individuals that make small investments in an enterprise or to support a entrepreneur where they do not expect return on investment.
Angel Investors
Something of value. anything owned
Assets
debt from a bank. Bank loans are less expensive than online loans of credit.
Bank loan
a loan Security that investors buy and sell
Bond
A determination of how many units are needed to sell in order to pay for all fixed costs
Break-even Analysis
A company that provides individuals and companies with access to financial markets
Brokerage
proper business behavior beyond complying with legal requirements
Business Ethics
Funds contributed by investors to a business. they expect money back when the business succeds
Capital ( or Equity)
Expenditures or equipment that will be used for many years
Capital Expenditures
Total Revenues minus total cost minus one-time Expenditures that will be used for many years
Cash Flow
Cash, publicly traded stocks government bonds, or corporate bonds that can be quickly turned into cash
Cash instruments
Equipment, inventory or other goods that are pledged to the bank if a loan payment is missed
Collateral
The ability to interact in a friendly and effective way with unfamiliar people
comfort Engaging with strangers
money earned when something is sold
Commission
a promise to keep information a secret. usually signing a NDA.
Confidentiality
A situation in which an individual might take an action to his/her advantage that would be a disadvantage to someone else.
Conflict of Interest
Price minus cost of goods sold
Contribution margin
Actions entrepreneurs and companies take that goes beyond self-intrest
Corporate Social Responsibility
A corporation is a person in the eyes of the law, it is taxed for profits and is liable for any debts or judgments.
Corporation
Cost that make up one unit of what you sell
Cost of goods sold
A loss that an insurance company will reimburse for the event of a claim
Covered Loss
Funds lent to a business with an agreement that the business will repay with intrest
Credit (or Debit)
A person or business with a strong credit score so they will be able to repay any loan.
Credit-worthiness
