vocab 1 Flashcards
Big 5
- Self-assessment
- Self-assessment presentation
- Credit application
- Company registration - Geauxbiz
- Credential online test
- Small businesses provide ___ employment in the U.S.A.
majority
- BRAC-
- Baton Rouge Area Chamber created micro enterprise certification
- Nepris
- online career program
- Accounts Payable
Money owned by a company to supplier
- Accounts Receivable
Money owed by customer to company
- Angel investor
- invest in a company without looking for anything in return
- Asset
something of value
- Bank loan
- debt from a bank
- Breakeven analysis
- a determination of how many units are needed to sell in order to pay for all fixed costs.
- Business Ethics
- Proper business behavior
- Capital
Funds contributed by investors to a business
- Cash Flow
– Total revenues minus total cost
- Cash instruments
Cash, publicly traded stocks, government bonds, or corporate bonds that can be quickly turned into cash.
- Collateral
- equipment, inventory or other goods that are pledged to the bank in the case the company cannot make a loan payment.
- Comfort engaging with strangers
The ability to interact in a friendly and effective way with unfamiliar people.
- Commission
money earned when something is sold
- Confidentiality
a promise to keep information you learn secret. This promises is often formalized by signing a Non-Disclosure Agreement (or NDA).
- Conflict of Interest
– 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.
- Contribution Margin
unit price cost of goods sold
- Corporate Social responsibility
actions entrepreneurs and companies take that go beyond their financial self-interest.
- Corporation
a corporation is a person in the eyes of the law. The corporation is taxed for profits and is liable for any debts or judgements. Corporations are owned by shareholders.
- Cost of Goods Sold
Costs that make up one unit of what you sell. These can be labor costs as well as material costs.
- Covered Loss
a loss that an insurance company will reimburse a policyholder for in the event of a claim
- Credit (or Debt)
Funds lent to a business with an agreement that the business will repay the lender with interest.
- Credit-Worthiness
– 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.
