Micro-Enterprise

Robin has been working throughout the week to get ready for the store opening on Friday. The tiles for the entryway weren’t delivered on time, but Robin took the company van and picked up the tiles at the vendor’s warehouse. When the utility didn’t connect the electricity on Monday, Robin stayed on hold for an hour before finding a supervisor who sent a utility tech right away.

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

• (a) independence

• (b) optimism

• (c) determination

• (d) computer literacy

Something of value

• liability

• asset

• debt

• equity

Equipment, inventory or other goods that are pledged to the bank in the case the company can not make a loan payment

• mortgage

• securities

• share

• collateral

Money earned when something is sold. It is usually stated as a percentage

• commission

• collateral

• liquid asset

• liability

A person or a business with a strong credit score and the financial resources that make it like they will be able to pay any loan.

• collateral

• dividend

• credit-worthy

• net income

Money paid by a company to a person who owns stock in that company.

• liquid assets

• assets q

• dividend

• mortgage

An obligation you have to pay someone else money.

• asset

• commissions

• lien

• liability

The right to take possession of collateral until a debt is repaid.

• collateral

• lien

• mortgage

• notes payable

Cash or securities that can be immediately turned into cash, which can then repay any loan amount outstanding.

• mortgage

• commissions

• assets

• liquid assets

The money a person borrows to buy real estate.

• mortgage

• lien

• notes payable

• maturity