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entrepreneurship > Test 1 > Flashcards

Test 1 Flashcards

1
Q

self assessment

A

compare two-part self assessment

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2
Q

self assessment presentation

A

presentation to unfamiliar workplace adult

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3
Q

micro-enterprise credit application

A

complete online credit application

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4
Q

company registration

A

register a ficticious business on GeauxBiz student portal

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5
Q

credential online test

A

online certification exam

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6
Q

micro-enterprise

A

small business

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7
Q

BRAC

A

baton rouge area chamber are the creators of the micro-enterprise certification

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8
Q

nepris

A

online program that provides unlimited access to industry reports in all careers

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9
Q

accounts payable

A

money owed by a company to a supplier

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10
Q

accounts receivable

A

money owed by a costumer to a company

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11
Q

angel investors

A

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.

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12
Q

assets

A

something of value, anything owned

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13
Q

bank loan

A

debt from a bank

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14
Q

bond

A

a loan. a security that investors buy and sell

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15
Q

break even analysis

A

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

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16
Q

brokeage

A

a company that provides individuals and companies with access to financial markets

17
Q

business ethics

A

proper business behavior beyond copying with legal requirements

18
Q

capital (equity)

A

funds contributed by investors to a business.

19
Q

capital expenditure

A

expenditures on equipment the business will use for many years

20
Q

cash flow

A

total revenues minus total cost minus one time expenditures on equipment that will be used for many years

21
Q

cash instruments

A

cash, publicly traded stocks, government bonds, or corporate bonds that can be quickly turned into cash

22
Q

collateral

A

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

23
Q

comfort engaging with strangers

A

the ability to interact in a friendly and effective way with unfamiliar people

24
Q

commission

A

money earned when something is sold

25
Q

confidentiality

A

a promise to keep information you learn secret

26
Q

conflict of interest

A

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

27
Q

contribution margin

A

unit price minus cost of goods sold

28
Q

corprate social responsibility

A

actions entrepreneurs and companies take that go beyond their financial self interest

entrepreneurship (4 decks)

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