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Microenterprise Regional Credential Study Guide

Authored by NATALIE THIBODEAUX

Business

12th Grade

Used 7+ times

Microenterprise Regional Credential Study Guide
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63 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Compared to a bank loan, an online loan is :


Online Credit

determination

a premium

much easier to obtain

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company balance sheet is the single report the indicates :


the annual profitability of the company

a premium

cost of goods sold

a company assets and liabilities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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

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

Being on time every day without exceptions is mandatory

Students take more vacations than employees

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Secretary of State

State Senate

Louisiana Economic Development (LED)

State Construction Registry

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a conflict of interest ?

Secretary of State

A woman who designs and makes her own line of clothing and sells them to her friends.

Louisiana Secretary of State through geauxBIZ portal

When the bank approving a loan to a company is also a shareholder

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The maturity of a loan is:

The timeframe by which the borrower must repay the loan

Being on time everyday without exceptions is mandatory

What type of bank account the company will use

the date when the final loan payment was made and the loan balance will be zero

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

the amount of information the applicant must provide

price of the unit sold minus unit cost of goods sold

what type of bank account the company will use

a debt or loan a company must repay

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