test 1

Question 1

Micro-enterprise

Answer 1

small business

Question 2

Small businesses

Answer 2

provide the majority of employment in Louisiana and the U.S.

Question 3

BRAC

Answer 3

Baton Rouge area chamber are the creators of the micro-enterprise certification

Question 4

Nepris

Answer 4

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

Question 5

Accounts payable

Answer 5

money owed by a company to a supplier

Question 6

Accounts receivable

Answer 6

money owed by a customer to a company

Question 7

Angel investors

Answer 7

individuals that make small investments in an enterprise or to support an entrepreneur where they do not expect an immediate or large return on the investment.

Question 8

Assets

Answer 8

something of value. Anything owned

Question 9

Bank loan

Answer 9

debt from a bank. Banks require much more information from potential borrowers, and take more time to make a lending decision based on a great deal of analysis.

Question 10

Bond

Answer 10

a loan

Question 11

Breakeven analysis

Answer 11

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

Question 12

Brokerage

Answer 12

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

Question 13

Business ethics

Answer 13

proper business behavior beyond complying with legal requirements.

Question 14

Capital (or equity)

Answer 14

funds contributed by investors to a business. Investors contribute capital to a business because they can expect a significant return on their investment when the business succeeds.

Question 15

Capital expenditures

Answer 15

expenditures on equipment the business will use for many years

Question 16

Cash flow

Answer 16

total revenues minus cost minus one-time expenditures (called “capital expenditures”)

Question 17

Cash instruments

Answer 17

– cash, publicly traded stocks, government bonds, or corporate bonds that can be quickly turned into cash.

Question 18

Collateral

Answer 18

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

Question 19

big 5

Answer 19

Self-assessment 
Self-assessment presentation 
Micro-Enterprise credit application 
Company registration – GeauxBiz
Credential online test