All but Which One of the Following Has Proved a Barrier

question 53

Multiple Choice

All but which one of the following has proved a barrier to small- scale entrepreneurs in the developing world?

• A)lack of experience in the wider world
• B)a lack of NGOs
• C)lack of access to capital
• D)low literacy levels
• E)lack of marketable skills

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Definitions:

Budgeting Slack

The practice of underestimating revenue or overestimating expenses while preparing a budget to create a cushion or slack for unexpected situations.

Budgetary Slack

The practice of underestimating revenues or overestimating expenses when preparing a budget to create a buffer for unexpected scenarios.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe existing state or future outcomes, often affecting decision-making processes.

Budgeted Profit and Loss Statement

A financial statement forecasting the revenue, expenses, and profit for a future period, based on management's estimates.