Microenterprise Vocab Group 1

___ is debt from a bank.

• bank loan

• online credit

• fixed costs

• variable costs

Banks require ____ information from potential borrowers compared to online credit applications.

• about the same amount of

• less

• more

• none of the above

Bank loans are ____ online lines of credit.

• about the same cost as

• less expensive than

• more expensive than

• none of the above

____ is proper business behavior beyond complying with legal requirements.

• Corporate social responsibility

• Determination

• Self-motivation

• Business ethics

The ability to use computers for basic tasks, such as developing documents, sending emails and searching the internet for information is ____.

• computer literacy

• financial literacy

• corporate social responsibility

• all of the above

___ is an action that entrepreneurs and companies take that go beyond their financial self-interest.

• Determination

• Corporate social responsibility

• Self-motivation

• Problem-solving

The following is an example of ____:

"A local pet store promises to donate $1 to the local animal shelter for every pet owner who buys the pet food they have on sale over a weekend."

• corporate social responsibility

• self-motivation

• detemination

• grit

___, also known as ____, is funds lent to a business with an agreement that the business will repay the lender with interest. (choose 2 options)

• credit

• debt

• debit

• deposit

___ is a commitment to get something done.

• Self-motivation

• Grit

• Sole proprietorship

• Fixed costs

____ is understanding how individuals and businesses earn money and what they spend money on, as well as understanding important financial terms and learning how to create a budget.

• Computer literacy

• Financial literacy

• Problem-solving

• Self-discipline