Money
Money owned by a company to a supplier.
What is an "Account Payable?"
A loan, representing a legal obligation.
What is a bond?
The “things” the company sells.
What are units?
The ability to pursue what you think is right or necessary to do despite temptations to quit.
What is self-discipline?
How a business communicates to large numbers of customers, motivating them to learn more about the business and its offerings.
What is marketing?
Money owned by a customer to a company.
What is an "Account Receivable?"
Proper business behavior beyond complying with legal requirements.
Units x price
What is total revenue?
The ability to pursue a task without being told to by someone else.
What is self- motivation?
“Net” means revenues after costs.
What is net income?
Debt from a bank.
What is a bank loan?
Non-‐physical assets created by individuals or companies that hold the exclusive legal right to commercialize.
What is intellectual property?
The 12 month period a company uses to report financial results.
What is the fiscal year?
The act of making a business different
What is differentiation?
When two or more individuals own a company.
What's a partnership?
Unit price - cost of goods sold.
What is a "Contribution Margin?"
A legal decision requiring a person or company to pay another person or company.
What is a judgement?
The exact customers and market sector the business intends to serve.
Commitment to get something done.
What is determination?
An investment vehicle.
What is security?
Failure to repay a loan.
What is a "default?"
The state government agency that helps individuals and companies file required legal forms.
What is the Louisiana Secretary of State?
Costs that vary based on the units sold by your enterprise.
What are variable costs?
An individual’s self-‐commitment to overcome obstacles to achieve long-‐term goals.
What is grit?
An individual that owns a company.
What is sole proprietorship?