test 4 Flashcards
an investment worth money, a “financial instrument” indicating ownership
securities
an investment vehicle
security
the ability to pursue what you think is right or necessary to do despite temptations to quit
self-discipline
the ability to pursue a task without being told to by someone else
self- motivation
costs that vary somewhat based on the number of units you sell
semi-variable costs
an individual that owns a company
sole proprietorship
one of the equal parts into which a company’s capital is divided
share
an individual or company the owns shares in a company
shareholder
all people or companies associated with an enterprise
stakeholders
shares of ownership in a company
stocks
a company that provides a good or service to another company
supplier
the hard work a small business owner put into forming, founding, and operating his/her business
sweat equity
the exact customers and market sector the business intends to serve
target market
working with others to address a challenge
teamwork
fixed costs plus variable costs
total costs
units times price
total revenue
assets that are not already pledged as a guarantee to repay another loan
unencumbered
refer to the “things” the company sells
units
debt that does not include a promise by a guarantor to repay the loan in the event the debtholder in unable to make a required payment
secured debt
costs that vary based on the units sold by your enterprise
variable costs
the practice of operating openly and communicating fully
transparency
What are the micro enterpise steps ?
self assessment, self assessment presentation, credit application, company registration, online test
