micro-enterprise study guide pt.2

Question 1

internet phenomenon, where strangers learn about a business online & then decide whether / not to make an investment . typically “fans” but do expect a return on investments.

Answer 1

crowdfunding

Question 2

amount an insurance comp makes a policyholder pay as part of any claim

Answer 2

deductible

Question 3

failure to repay any loan

Answer 3

default

Question 4

commitment to get something done

Answer 4

determination