Those Who Rarely Invest in Retail Operations but Instead Focus

question 19

Multiple Choice

Those who rarely invest in retail operations but instead focus on high technology and growth industries (also essential services) are ______.

• A) banks
• B) the Small Business Administration
• C) angels
• D) venture capitalists

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Definitions:

Standard Cost Variances

The differences between actual costs and standard costs in manufacturing, divided into categories such as materials, labor, and overhead.

Administrative Expenses

Overhead or general expenses related to the day-to-day operations of a business that are not directly tied to a specific project.

Fixed Manufacturing Overhead

The consistent, non-variable costs associated with manufacturing products, such as salaries and rent for factory premises.

Direct Labor Costs

Costs that are directly associated with the production of goods, such as wages paid to manufacturing staff.