Bill Gates and Steve Ballmer, Founders of Microsoft, Would Be

question 57

Multiple Choice

Bill Gates and Steve Ballmer, founders of Microsoft, would be considered

• A) franchisors.
• B) franchisees.
• C) an entrepreneurial team.
• D) sole proprietors.

---

Definitions:

Revenue and Spending Variance

The deviation between actual and budgeted figures for both income and expenditures, providing insight into financial performance.

Tenant-Days

A measure used in property management, indicating the total number of days within a period that rental units were occupied.

Flexible Budget Performance Report

A financial report that compares actual results to a budget that adjusts based on the level of output or activity.

Units

The individual items or quantities, often used in the context of production, inventory, or sales.