Test 1

Question 1

money owned by a company to a supplier

Answer 1

accounts payable

Question 2

money owned by a customer to a company

Answer 2

accounts receivable

Question 3

individuals that make small investments in and enterprise

Answer 3

angel investors

Question 4

something of value, anything owned

Answer 4

assets

Question 5

debt from a bank, banks require much more information from a potential borrows

Answer 5

bank loan

Question 6

a loan, a bind is security that investors

Answer 6

bond

Question 7

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

Answer 7

break even analysis

Question 8

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

Answer 8

brokerage

Question 9

proper business behavior

Answer 9

business ethics

Question 10

funds contributed by investors to a business

Answer 10

capital

Question 11

extenders on equipment the business uses for many years

Answer 11

capital expenditures

Question 12

interact in a friendly and affective way

Answer 12

comport engaging with strangers

Question 13

money owned

Answer 13

commision

Question 14

a promise to keep information you learn secret its often formalized by signing a non- disclosure agreement

Answer 14

confidentially

Question 15

situation in which an individual might take an action to his/her advantage that would be the disadvantage of a person or company that believes the individuals is serving them

Answer 15

conflict of interest

Question 16

unit price minus goods sold

Answer 16

contribution margin

Question 17

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

Answer 17

corporate social responsibility

Question 18

a person in the eyes of the law

Answer 18

corparation

Question 19

cost that make up one unit if what you sell

Answer 19

cost of goods sold

Question 20

a loss that an insurance company will reimburse a policy holder for in the event of a claim

Answer 20

covered loss

Question 21

funds lent to a business with an agreement that the business will repay the lender with interest

Answer 21

credit (debt)

Question 22

worthless a person or business with a strong credit score and the financial resources that make it likely will be able to repay and loan

Answer 22

credit

Question 23

cash publicity traded stock

Answer 23

cash instruments

Question 24

revenues minus cost

Answer 24

cash flow

Question 25

equipment inventory

Answer 25

collateral

Question 26

what are the 5 components you must complete to obtain the regional micro-enterprise certification?

Answer 26

self assessment
self assessment presentation
micro enterprise credit application
company registration 
online credential test

Question 27

means small business

Answer 27

micro-enterprise

Question 28

provides the majority of employment in Louisiana and the u.s

Answer 28

small business

Question 29

what is BRAC

Answer 29

baton rouge area chamber

enterprise certification

Question 30

what is the online program that provides unlimited access to industry experts in all careers

Answer 30

nepris