test one

Question 1

money owned by a company to supplier. Ex. I purchase $10000 of beauty supplies from a distributer to put in my store. The distributor gives me 60 days to pay it back. The $10000 is now in accounts payable for my company meaning that I owe it to someone.

Answer 1

1. Account payable

Question 2

receivable money owed by a customer to a company. Ex. You purchased a new computer from me for $1000 you put down $200 and signed a contract agreeing to pay the remaining $800 within the next 30 days. That $800 goes into accounts receivable in my company meaning someone owes my company $800

Answer 2

2. Accounts receivable

Question 3

individuals that make small investments in an enterprise or to support an entrepreneur where they do not except an immediate or large return on investment. They are typically friends and family who knew the business owner and wants to see them succeed

Answer 3

3. Angel investors

Question 4

something of value anything ex. A house, diamond ring a security is a financial asset a piece of paper that represents ownership in a something and is worth money.

Answer 4

4. Assets

Question 5

debt from a bank require much more information from potential borrowers and take more time to make a lending decision based on a great deal of analysis therefore bank loans are less expensive than online lines credit

Answer 5

5. Bank loan debt

Question 6

a bond is a security that investors buy and sell that represent s a legal obligation from the company issuing the bond that they will repay the funds they received when they issued the bond

Answer 6

6. Bond a loan

Question 7

analysis a determination of how many items are needs to sell in order to pay for all fixed cost

Answer 7

7. Break-even analysis

Question 8

a company that provides individuals and companies with access to financial markets. Ex you buy stocks and bonds from a broker

Answer 8

8. Brokerage

Question 9

proper business behavior beyond complying with legal requirements

Answer 9

9. Business ethics

Question 10

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

Answer 10

10. Capital

Question 11

expenditure on equipment the business will use for many years.

Answer 11

11. Capital expenditures

Question 12

total revenues minus total cost minus one time expenditures called capital expenditures on equipment that will be used for many years

Answer 12

12. Cash flow

Question 13

cash publicly traded stocks government bonds or corporate bonds that can be quickly turned into cash cash instruments can be turned into cash at values that are predictable and available to all holders of the cash instruments ex Apple stock is a cash instruments because it can be sold and converted to cash immediately and that anyone would get for that stock would be the same.

Answer 13

13. Cash instruments

Question 14

inventory or other goods that are pledged to the bank in the cases the company cannot make a loan payment

Answer 14

14. Collateral equipment

Question 15

with strangers the ability to interact in a friendly and effective way with unfamiliar people the ability to seem welcoming and easy to talk to even with people who are different in age appearance or background

Answer 15

15. Confront engaging

Question 16

money earned when something is sold

Answer 16

16. Commission

Question 17

a promise to keep information secret. The promise is often formalized by signing a non-disclosure agreement

Answer 17

17. Confidentiality

Question 18

a situation in which an 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 them

Answer 18

18. Conflict of interest

Question 19

margin unit price minus cost of goods sold

Answer 19

19. Contribution

Question 20

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

Answer 20

20. Corporate social

Question 21

21. Corporation a corporation is a person in the eyes of the law. The corporation is taxed for profits and is liable for any debt or judgments. Corporation are owned by shareholders

Answer 21

21. Corporation

Question 22

sold costs that make up one unit of what you sell. These can be labor costs as well as material costs.

Answer 22

22. Costly of goods

Question 23

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

Answer 23

23. Covered loss

Question 24

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

Answer 24

24. Credit funds

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 any loan

Answer 25

25. Credit worthiness

Question 26

1. Self-assessment complete two past self-assessment
2. Self-assessment presentation presentation to an unfamiliar workplace adult
3. Micro-enterprise credit application complete online credit application
4. Company registration register a fictitious business on GeauxBiz student portal
5. Credential online test online certification exam

Answer 26

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

Question 27

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

Baton Rouge area chamber and creator of the micro-enterprise certification

Answer 29

BRAC

Question 30

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

Answer 30

Nepris