test 1

Question 1

money owned by a company to a supplier

Answer 1

Account Payable

Question 2

money owned by a customer to a company

Answer 2

Accountable Receivable

Question 3

individuals that make small investments in an enterprise or to support and entreprenuer where they do not expect an immediate or large return on the investmentt

Answer 3

Angel Invetsors

Question 4

something of value. anything owned

Answer 4

Assets

Question 5

debt from a bank

Answer 5

Bank Loan

Question 6

a loan

Answer 6

Debt

Question 7

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

Answer 7

Breakdown Analysis

Question 8

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

Answer 8

Brokerage

Question 9

proper business behavior beyond complying with legal requirements

Answer 9

Business Ethics

Question 10

funds contributed by investors to a business

Answer 10

Capital (or Equity)

Question 11

expenditures on equipment the business will use for many years

Answer 11

Capital Expenditures

Question 12

total revenues minus total cost mine one-time expenditures

Answer 12

Cash Flow

Question 13

cash publicity traded stocks, government bonds, or corporate stocks that can be quickly turned in to cash

Answer 13

Cash Instruments

Question 14

equipment, inventory or other goods that are pledged to the bank int the case company cannot make a loan payment

Answer 14

Collsteral

Question 15

the ability to interact in a friendly way with strangers

Answer 15

Comfort engaging with strangers

Question 16

money earned when something is sold

Answer 16

Commision

Question 17

a promise to keep information you learn secret. this promise is often formalized by signing a Non-Disclosure Agreement (or NDA)

Answer 17

Confidentiality

Question 18

a situation in which and 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

Answer 18

Conflict of Interest

Question 19

until price minus cost of goods sold

Answer 19

Contribution Margin

Question 20

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

Answer 20

Corporate Social Reponsibilty

Question 21

a corporation is a person in the eyes of the law.

Answer 21

Corporation

Question 22

costs that make up one unit of what you sell

Answer 22

Cost of Goods Sold

Question 23

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

Answer 23

Covered Loss

Question 24

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

Answer 24

Credit (or Debt)

Question 25

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

Answer 25

Credit-Worthiness

Question 26

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

Answer 26

self-assessment
self-assessment presentation
micro-enterprise credit application
company registration on geaux biz student portal
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 and creator of the micro enterprise certification

Question 30

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

Answer 30

nepris