Test 1 Flashcards
money owned by a company to a supplier
accounts payable
money owned by a customer to a company
accounts receivable
individuals that make small investments in and enterprise
angel investors
something of value, anything owned
assets
debt from a bank, banks require much more information from a potential borrows
bank loan
a loan, a bind is security that investors
bond
determination of how many units are needed to sell in order to pay for all fixed cost
break even analysis
a company that provides individuals and companies with access to financial workers
brokerage
proper business behavior
business ethics
funds contributed by investors to a business
capital
extenders on equipment the business uses for many years
capital expenditures
interact in a friendly and affective way
comport engaging with strangers
money owned
commision
a promise to keep information you learn secret its often formalized by signing a non- disclosure agreement
confidentially
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
conflict of interest
unit price minus goods sold
contribution margin
actions entrepreneurs and companies take that go beyond their financial self interest
corporate social responsibility
a person in the eyes of the law
corparation
cost that make up one unit if what you sell
cost of goods sold
a loss that an insurance company will reimburse a policy holder for in the event of a claim
covered loss
funds lent to a business with an agreement that the business will repay the lender with interest
credit (debt)
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
credit
cash publicity traded stock
cash instruments
revenues minus cost
cash flow
equipment inventory
collateral
what are the 5 components you must complete to obtain the regional micro-enterprise certification?
self assessment self assessment presentation micro enterprise credit application company registration online credential test
means small business
micro-enterprise
provides the majority of employment in Louisiana and the u.s
small business
what is BRAC
baton rouge area chamber
enterprise certification
what is the online program that provides unlimited access to industry experts in all careers
nepris
