Credential Vocab Pre Test 2

4. Failure to repay a loan.
5. A loss that an insurance company will reimburse a policyholder for in the event of a claim.
7. Money paid by a company to a person who owns stock in that company.
10. Understanding how individuals and businesses earn money and what they spend money on.
13. Commitment to get something done. Individuals with determination exhibit willpower to accomplish what they set out to do.
14. An Internet phenomenon, where strangers learn about a business online and then decide whether or not to make an investment.
15. Money earned when something is sold.
16. Unit price minus cost of goods sold.

1. Equipment, inventory or other goods that are pledged to the bank in the case the company can not make a loan payment.
2. Costs that do not vary based on the units sold by enterprise.
3. The amount an insurance company makes a policyholder pay as part of any claim.
5. Funds lent to a business with an agreement that the business will repay the lender with interest
6. The act of making a business different
8. Funds contributed by investors to a business.
9. Treating stakeholders as the entrepreneur would hope others would treat him/her.
11. Total Revenues minus Total Cost minus one-time expenditures
12. Open ended questions that prompts more than a yes or no answer.