Test 1 Flashcards
Money owned by a customer to a company
Accounts receivable
Money owned by a customer to a supplier
Accounts Payable
baton rouge area chamber are the creator of the micro-enterprise certification
BRAC
online program that provides unlimited access to industry reports in all careers.
nepris
individuals that make small investors in an enterprise or to support an entrepreneur where they do not expect an immediate or large return on the investment. They are typically friends or family who knows the business owner and wants to see them succeed.
angel investors
something of value. Anything owned.
assets
debt from a bank, banks require much more information from potential borrowers, and take more time to make a leading decision based on a great deal of analysis. Therefore, banks loans are less expensive than online lines of credit.
bank loan
a loan. A bond is a security that investors buy and sell, that represents a legal obligation from the company issuing that bond that they will repay the funds they received when they issued the bond.
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 copying with legal requirements.
Business ethics
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 on equipment the business will use for many years.
Capital expenditures
total revenues minus total cost minus one-time expenditures on equipment that will be used for many years.
cash flow
vash, publicly traded stocks, government bonds, or corporate bonds that can be quickly turned into cash. Cash instruments can be turned into cash at values that are predictable and available to all holders of the cash instrument.
cash instruments
equipment, inventory or other goods that are pledged to the bank in the case the company cannot make a loan payment.
collateral
the ability to interact in a friendly and effective way with unfamiliar people. The ability to seem welcoming and easy to talk to, even with people who are different in age, appearance, or background.
Comfort engaging with strangers
money earned when something is sold.
commission
a promise to keep information you learn secret. This promise is often formalized by signing a non-disclosure agreement.
Confidentiality
a situation in which an individual might take an action of his/her advantage that would be to the disadvantage of a person or company that believes this individual is serving them.
Conflict of interest
unit price minus cost of goods sold.
Contribution margin
actions entrepreneurs and companies take that go beyond their financial self-interest.
Corporate social responsibility
complete two-part self assessments
self assessment
presentation to unfamiliar workplace adult
self assessment presentation
complete online credit application
micro-enterprise credit application
register a fictitious business on GeauxBiz student portal
company registration
online certification exam
credential online test
enterprise means small business
micro
