Which of the Following Statements Is True About the Service

question 66

Multiple Choice

Which of the following statements is true about the Service Corps of Retired Executives (SCORE) ?

• A) It is a resource partner of the SBA.
• B) It works on a contractual basis with large businesses.
• C) It offers advice and one-to-one counseling to entrepreneurs, in return for company shares.
• D) It offers resources and programs to minority-owned businesses.
• E) It hires retired executives to work as consultants for a nominal fee.

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Definitions:

Expected Utility

A concept in economics that represents the sum of utilities associated with all possible outcomes, weighted by the probability of each outcome.

Utility

A measure of the satisfaction or happiness that consumers get from consuming goods or services.

Probability

A measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Expected Income

The income an individual or firm anticipates receiving over a certain period, often based on current or historical earnings.