A Small Business Management Course at a Community College May

question 185

Multiple Choice

A Small Business Management course at a community college may offer entrepreneurs an opportunity to:

• A)meet with experienced entrepreneurs with diverse backgrounds and learn from their advice.
• B)try out ideas on a computer simulation before risking real time and money.
• C)listen to a qualified instructor solve all of the problems of small business owners.
• D)do a research paper on a topic of interest.

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Definitions:

Market Equilibrium

The point at which the supply of goods matches demand, causing stable prices.

Incentives

Factors or rewards that motivate individuals or organizations to perform an action or behave in a certain way.

Incomes

The monetary payment received for goods or services, or from other sources like investments, typically measured over a set period of time.

Spend

The process of spending money to acquire goods or services.