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Microenterprise > Vocab 1 > Flashcards

Vocab 1 Flashcards

1
Q

Self-assessment

A

complete two-part self-assessment

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2
Q

Self-assessment presentation

A

presentation to an unfamiliar workplace adult

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3
Q

Micro Enterprise Credit application

A

complete online credit application

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4
Q

Company Registration

A

register fictitious business GeauxBiz student portal

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5
Q

Credential Online Test

A

online certification exam

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6
Q

BRAC

A

Baton Rouge Area Chamber are the creators of the micro-enterprise certification

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7
Q

Nepris

A

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

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8
Q

Accounts Payable

A

money owed by a company to a supplier

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9
Q

Accounts Receivable

A

money owed by a customer to a company

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10
Q

Angle Investors

A

individuals that make small investment and don’t expect a lot in return

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11
Q

Assets

A

Something of value

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12
Q

Bank Loan

A

debt from a bank

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13
Q

Bond

A

a loan

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14
Q

Breakeven Analysis

A

A determination of how many units are needed to sell in order to pay for all fixed costs

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15
Q

Brokerage

A

A company that provides individuals and companies with access to financial markets

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16
Q

Business Ethics

A

Proper business behavior beyond complying with legal requirements

17
Q

Capital

A

Funds contributed by investors to a business.

18
Q

Capital Expenditures

A

Expenditures on equipment the business will use for many years.

19
Q

Cash flow

A

Total revenue minus total cost minus one time expenditures

20
Q

Cash Instruments

A

Cash, publicly traded stocks, government bonds, or corporate bonds

21
Q

Collateral

A

Equipment, inventory or other goods that are pledged to the bank

22
Q

Comfort engaging with strangers

A

the ability to interact in a friendly and effective way with unfamiliar people

23
Q

Commission

A

money earned when something is sold

24
Q

Confidentiality

A

a promise to keep information you learn a secret

25
Q

Conflict of Interest

A

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

26
Q

Contribution Margin

A

unit prices minus cost of goods sold

27
Q

Corporate’s Social Responsibility

A

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

28
Q

Corporation

A

a corporation is a person in the eyes of the law

29
Q

Cost of Goods Sold

A

Costs that make up one unit of what you sell

30
Q

Covered Loss

A

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

31
Q

Credit (or debt)

A

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

32
Q

Credit-Worthiness

A

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

Microenterprise (4 decks)

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