Test 4

Question 1

an investment worth money, “financial ownership” indicating ownership. Ex. stock in companies like Apple or McDonalds that are traded in stock market is security

Answer 1

Securities

Question 2

an investment vehicle. Different types of securities include stocks, bonds, and mutual funds.

Answer 2

Security

Question 3

the ability to pursue what you think is right or necessary to do despite temptations to quit.

Answer 3

Self-Discipline

Question 4

the ability to pursue a task without being told to by someone else. Individuals who are self-motivated can find the strength to start and then finish a task without giving up

Answer 4

Self- Motivation

Question 5

costs that vary somewhat based on the number of units you sell. Ex. If your enterprise but an IPhone you won’t have to pay again for apps you already own.

Answer 5

Semi-Variable Costs

Question 6

An individual that owns a company. Sole proprietors are taxed on the profits of the company, and are personally liable for any debts or judgments against the company.

Answer 6

Sole proprietorship

Question 7

one of the equal parts into which company’s a capital dividend, entitling the holder to a proportion of the profits. Share refers to the ownership certificates of a particular company

Answer 7

Share

Question 8

An individual or company that owns shares in a company

Answer 8

Shareholder

Question 9

all people or companies associated with an enterprise, Stakeholder’s include internal stakeholder’s (employees and shareholders/owners) as well as external stakeholders (customers, suppliers, community members)

Answer 9

Stakeholders

Question 10

shares of ownership in a company. Stock is a general term of ownership in any company.

Answer 10

Stocks

Question 11

A company that provides a good or service to another company

Answer 11

Supplier

Question 12

The hard work a small business owner puts into forming, founding, and operating his/her business. Small business owners typically work very long hours. Sweat equity is as important as any capital but It’s not a cash investment

Answer 12

Sweat Equity

Question 13

the exact customers and market sector the business intends to serve

Answer 13

Target Market

Question 14

working with others to address a challenge. Individuals using their skills in harmony with others to complete a task. Effective teamwork involves trust among team members. Collaboration and Cooperation

Answer 14

Teamwork

Question 15

fixed costs plus variable costs

Answer 15

Total Costs

Question 16

Units time price

Answer 16

Total Revenue

Question 17

The practice of operating openly and communicating fully, providing stakeholders with a clear understanding of how your enterprise operates.

Answer 17

Transparency

Question 18

assets that are not already pledged as a guarantee to repay

Answer 18

Unencumbered

Question 19

Units refer to the “things” the company sells. Retail stores sell many different types of units. Service businesses can sell many different services.

Answer 19

Units

Question 20

• debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment. Unsecured debt is riskier for the bank or online lending company-therefore the lending party charges a higher interest rate on unsecured debts than it does on secured debt.

Answer 20

Unsecured Debt

Question 21

Costs that vary based on the units sold by your enterprise

Answer 21

Variable Costs