Fleury

Fluery

by Kejuan Thomas

self-discipline

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The type of entrepreneurial behavior that Amari

​persistence

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Self-discipline can best be defined as

​ability to interact in a friendly and effective way with people you don't know

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Which of the following is an essential skill for a successful entrepreneur and small business leader?

​ability to start and finish a task without giving up despite obstacles that might arise

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Which of the following best defines self-motivation?

​grit

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Characteristics of successful entrepreneurs include

​determination

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The type of entrepreneurial behavior that Robin has been exhibiting over the past week can best be described as

​an adult who started cutting grass as a pre-teen and now runs a gardening business with a sibling

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Which is an entrepreneur?

​optimism

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Characteristics of successful entrepreneurs include

​comfort performing under pressure

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Entrepreneurial problem solvers exhibit the following behaviors

​independence

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Characteristics of successful entrepreneurs include

​change agents

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Successful entrepreneurs can be described as

​a woman who designs and makes her own line of clothing and sells them to her friends

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Which is an entrepreneur?

two months of summer vacation

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Which of the following is a school expectation​

​serious consequences for failures in self-discipline

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Which of the following is a work expectation

Yes - being late for work carries greater penalties than being late at school

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Is the workplace expectation for being on-time different than the high school expectation?​

ability to shield owners from liabilities of or judgments against the company

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One advantage of establishing a new company as some type of a corporation is​

Secretary of State

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The government agency that enables companies to register to do business in the state of Louisiana is​

Louisiana Economic Development (LED)

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Which of the following is a state government agency​

an individual responsible for receiving legal documents

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What is a "registered agent?"​

​a Louisiana Secretary of State website entrepreneurs use to register a company

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The geauxBIZ portal is

​a debt or a loan a company must

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The financial term liability refers to

​much easier to obtain

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Compared to a bank loan, an online loan is

a guarantor

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Which factors reduce the cost of borrowing from a bank?​

bank credit

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What type of financing should Parker seek?​

the timeframe by which the borrower must repay the loan

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The maturity of a loan is​

​is a credit-worthy individual or business responsible for repaying a loan if the debt holder cannot

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A guarantor

can be intimidating, complex and detailed

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Bank loan applications​

​easier to obtain but more expensive than bank loans

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Online loans are

applicants to provide personal and business information that must be truthful

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Loan applications require​

online credit

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What type of financing should Consuelo seek?​

​the amount of information the applicant must provide

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One critical difference between bank loans and online loans is

determine how much capital is required to launch the business

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To determine whether a business opportunity is realistic, the entrepreneur must​

​are the same no matter how many customers the business serves

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The fixed costs of a business

​describes in detail how the company's product or service will be differentiated versus its competition

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A business plan has the following purpose

to reflect the value of their goods or services, not just their costs

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Businesses should always set their prices​

maximizing revenues for different products using different price points

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Pricing strategies may include​

​communicates a differentiated message to your target customers

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Advertising can be important for a new business because it

​works for someone else

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An employee

what type of bank account the company will use

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When launching a business, which is NOT a critical consideration?​

​company assets and liabilities

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A company balance sheet is the single report that best indicates

​company assets and liabilities

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A company balance sheet is the single report that best indicates

​monthly rent

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An example of a fixed cost is

​how many units the company will need to sell to pay for a new piece of equipment

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A breakeven analysis can determine

contribution margin

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Revenue per unit minus cost of goods sold equals​

​profits before owner compensation and taxes

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Total revenues minus total costs equals

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price of the unit minus unit cost of goods sold

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The profit margin on an item a company sells can best be defined as​

a premium

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A payment made to an insurance company to cover the costs of an insurance policy is called​

are voluntary steps beyond a company's financial self-interest that reflect what business leaders believe their companies can or should accomplish

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Corporate social responsibility​

​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 that believe this individual is serving them

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A conflict of interest is

a patent on an invention

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An example of intellectual property is​