A Nurse Is Working on a Type of Evaluation That

question 1

Multiple Choice

A nurse is working on a type of evaluation that examines how a program actually works and whether any outside environmental events might have an impact on the program. This type of evaluation is called a:

• A)Formative evaluation.
• B)Process evaluation.
• C)Summative evaluation.
• D)Program evaluation.

Distinguish between environmental factors and personal or internal factors affecting small businesses.

Analyze the role of personal characteristics in successful entrepreneurship.

Understand the concept of a triggering event in the start-up process.

Differentiate between entrepreneurs and small business managers/owners.

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Definitions:

Capital

Economic resources that are used in the production of goods and services, including buildings, machinery, equipment, and financial assets.

User Cost

The cost of using a durable good over time, considering depreciation and the opportunity cost of not investing funds elsewhere.

Economic Depreciation

A measure of the decrease in value of an asset over time due to use, wear and tear, and obsolescence.

Marginal Product

The increase in output that arises from an additional unit of input, holding all other inputs constant.