Vocab 1 Flashcards
Self-assessment
complete two-part self-assessment
Self-assessment presentation
presentation to an unfamiliar workplace adult
Micro Enterprise Credit application
complete online credit application
Company Registration
register fictitious business GeauxBiz student portal
Credential Online Test
online certification exam
BRAC
Baton Rouge Area Chamber are the creators of the micro-enterprise certification
Nepris
online program that provides unlimited access to industry experts in all careers
Accounts Payable
money owed by a company to a supplier
Accounts Receivable
money owed by a customer to a company
Angle Investors
individuals that make small investment and don’t expect a lot in return
Assets
Something of value
Bank Loan
debt from a bank
Bond
a loan
Breakeven Analysis
A determination of how many units are needed to sell in order to pay for all fixed costs
Brokerage
A company that provides individuals and companies with access to financial markets
Business Ethics
Proper business behavior beyond complying with legal requirements
Capital
Funds contributed by investors to a business.
Capital Expenditures
Expenditures on equipment the business will use for many years.
Cash flow
Total revenue minus total cost minus one time expenditures
Cash Instruments
Cash, publicly traded stocks, government bonds, or corporate bonds
Collateral
Equipment, inventory or other goods that are pledged to the bank
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 a secret
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 prices minus cost of goods sold
Corporate’s 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
Cost of Goods Sold
Costs that make up one unit of what you sell
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 the make it likely they will be able to repay any loan
