test 1

Question 1

money owed by a company to a supplier

Answer 1

accounts payable

Question 2

money owed by a customer to a company

Answer 2

account receivable

Question 3

individuals that make small investments

Answer 3

angel investors

Question 4

something value anything owed

Answer 4

assests

Question 5

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

Answer 5

bank loan

Question 6

a loan, is security that investors buy and sell

Answer 6

bond

Question 7

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

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 to investors to a business

Answer 10

capital (equality)

Question 11

expenditures on equipment the business use for many years

Answer 11

capital expenditures

Question 12

cash publicity traded stock

Answer 12

cash instruments

Question 13

revenues minus cost

Answer 13

cash flow

Question 14

equipment inventory

Answer 14

collateral

Question 15

to interact in a friendly and effective way

Answer 15

comfort engaging with strangers

Question 16

money owed

Answer 16

commision

Question 17

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

Answer 17

cofidentiality

Question 18

a 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 individual is serving them

Answer 18

conflict of interest

Question 19

unit price minus goods sold

Answer 19

contribution margin unit

Question 20

action entrepenuers and company take that go beyond their financial self-interest

Answer 20

corporate social responsibility

Question 21

a person in the eye of the law

Answer 21

corporation

Question 22

cost that make up one unit of what you sell

Answer 22

cost of good sold

Question 23

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

Answer 23

credit (debt)

Question 24

a loss that insurance company will rembuse a policyholder for in the event of a claim

Answer 24

covered loss

Question 25

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

Answer 25

credit-worthiness

Question 26

what is the names of the website that businesses register in louisiana

Answer 26

geauxBIZ

Question 27

baton rouge area chamber: created the micro-enterprise certification

Answer 27

BRAC

Question 28

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

Answer 28

nepris

Question 29

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

Answer 29

what are the five steps to complete the credential?

Question 30

small business

Answer 30

micro-enterprise

Question 31

an example of the majority of emplyment in louisiana

Answer 31

small buisness