Microenterprise Vocab Group 1

Front

Debt from a bank:

Back

bank loan

Front

Banks require more info from borrowers than online credit apps.

Back

more

Front

Bank loans are ____ online lines of credit.

Back

less expensive than

Front

Proper business behavior beyond legal compliance:

Back

Business ethics

Front

The ability to use computers for tasks like document creation, emailing, and internet searching is ____.

Back

computer literacy

Front

Action by entrepreneurs/companies beyond financial self-interest.

Back

Corporate social responsibility

Front

Example of: "A local pet store donates $1 to the animal shelter for every pet food purchase over a weekend."

Back

corporate social responsibility

Front

Commitment to get something done.

Back

Self-motivation

Front

Understanding how individuals and businesses earn and spend money, key financial terms, and budgeting.

Back

Financial literacy

Front

Costs that do not vary with units sold are called _____

Back

fixed costs