Which of the Following Would Be the Best Explanation for the Lack

question 9

Multiple Choice

Which of the following would be the best explanation for the lack of minority owned businesses in the United States?

• A) Lack of entrepreneurial role models
• B) Small market potential for minority owned businesses
• C) Lack of business ideas in this population
• D) Legal roadblocks to minority ownership
• E) Satisfaction with one's present job

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Definitions:

Raw Materials

Fundamental substances used in the creation or manufacturing of goods.

Overapplied Overhead

A condition where the overhead allocated to goods produced exceeds the actual overhead costs incurred.

Cost of Goods Sold

The direct costs attributable to the production of goods sold in a company, including material and labor expenses.

Finished Goods Inventory

Merchandise completed in production and set to be offered to shoppers.