Micro Enterprise Regional Exam Vocabulary (S, T, U, and V Words)

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Across
  1. 5. Fixed costs plus variable costs.
  2. 8. Shares of ownership in a company
  3. 9. The ability to pursue a task without being told to by someone else.
  4. 11. An investment worth money; a “financial instrument” indicating ownership.
  5. 12. The practice of operating openly and communicating fully, providing stakeholders with a clear understanding of how your enterprise operates.
  6. 15. Assets that are not already pledged as a guarantee to repay another loan
  7. 16. The exact customers and market sector your business intends to serve.
  8. 17. The “things” your company sells
  9. 21. Companies that conduct business with a company, and that can document how well a company pays its bills to its suppliers.
  10. 22. When an individual owns a company.
Down
  1. 1. The hard work a small business owner puts into forming, founding and operating his/her business – small business owners typically work very long hours.
  2. 2. Costs that vary based on the units sold by your enterprise.
  3. 3. How a business moves a specific customer to buy their service or offering.
  4. 4. Units times price.
  5. 6. The ability to pursue what you think is right or necessary to do despite temptations to quit.
  6. 7. Costs that vary somewhat based on the number of units you sell.
  7. 8. A company that provides a good or service to another company.
  8. 10. Debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment.
  9. 13. Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment.
  10. 14. All people or companies associated with an enterprise.
  11. 18. Repaying the loan.
  12. 19. Working with others to address a challenge.
  13. 20. An individual or company that owns shares in a company.