According to the Chapter, into What Type of Opportunity Should

question 24

Multiple Choice

According to the chapter, into what type of opportunity should a business idea translate?

• A) Realistic
• B) Easy to implement
• C) Attractive
• D) Unique
• E) Technologically advanced

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Definitions:

Standard Cost

The predetermined cost of manufacturing a product or providing a service, used for budgeting and performance evaluation.

Flexible Budget

A budget that adjusts or varies according to changes in revenue or activity levels.

Budgets

Financial plans for a defined period, outlining an organization's revenue, expenses, and capital projects.

Colorado Rockies

A professional baseball team based in Denver, Colorado, which competes in the Major League Baseball as a member of the National League West Division.