NewBizHelp Works with Small and Growing New Businesses and Guides

question 26

Multiple Choice

NewBizHelp works with small and growing new businesses and guides them through the initial hurdles of a start-up. It is specific about its clients and serves only particular business sectors. It works with a start-up to provide them office space, legal and accounting guidance, computer and technological services, and other prerequisites required to run a business. In this scenario, NewBizHelp is considered a _____.

• A) business accelerator
• B) business pump
• C) business incubator
• D) business cradle

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Definitions:

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Depreciation

The process of allocating the cost of a tangible asset over its useful life.

Net Income After Taxes

The profit a company retains after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenue.

Operating Costs

Operating costs are expenses associated with the maintenance and administration of a business on a day-to-day basis.