The Number of Small Business Owners Who Are Choosing to Go

question 122

Multiple Choice

The number of small business owners who are choosing to go it alone is increasing significantly because this option has been made increasingly manageable by

• A) new tax incentives.
• B) emerging technologies.
• C) expanding social networks.
• D) balanced management teams.

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Definitions:

Indirect Expenses

Expenses incurred that are not directly tied to a specific product or service but are necessary for running the business, such as utilities or rent.

Budget Performance Report

A financial report comparing budgeted amounts to actual amounts for revenues, expenditures, and other financial elements over a period.

Cost Center Manager

An individual responsible for managing a segment of a business that does not directly generate revenue, focusing on controlling costs instead.

Income from Operations

Profit generated from a company’s main business functions, excluding income from investments and other non-operational sources.