Test 1 Flashcards
Money owed by a company to a supplier.
Accounts Payable
Money owed to a customer by a company.
Accounts Receivable
Individuals that make small investments in an enterprise to support an entrepreneur.
Angel Inverstors
Something of value
Assets
Debt from a bank
Bank Loan
A security that investors buy and sell.
Bond
a determination of how much is needed to sell in order to pay all fixed costs.
Break even analysis
a company that provides companies and individuals with access to financial markets
Brokerage
Proper business behavior
Business Ethics
Funds contributed by investors to a business.
Capital
equipment the business will use for many years
Capital Expenditures
total revenues minus total costs minus one time expenditures
Cash Flow
equipment or other goods pledged to a bank if the company can not pay the loan.
Collateral
cash, publicly traded stocks, government bonds, or corporate bonds
Cash Instruments
the ability to interact in a friendly way with strangers
Comfort Engaging with Strangers
money earned when something is sold
Commission
a promise to keep all information learned a secret
Confidentiality
an individual takes advantage of an action of a person that that thinks this individual is serving them
Conflict of Interest
unit price versus cost of goods sold.
Contribution Margin
actions entrepreneurs and companies take that go beyond their financial interest.
Corporate Social Reponsibility
cost that makes that make up one unit of what you sell
Costs of Goods Sold
a loss that an insurance company will reimburse a policy for the event of a claim.
Covered Loss
funds lent to a business with an agreement that the company will repay the lender with interest
Credit
a person or business with a strong credit score and the financial resources that make it likely they will be able to repay the loan.
Credit-Worthiness
considered a person in the eyes of the law.
Corporation
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 US
Small Businesses
What is BRAC
Baton Rouge Area Chamber and creator of the Micro-Enterprise certification
What is the online program that provides unlimited access to industry experts in all careers
Nepris
