An Organization That Offers a Range of Support Services and Funding

question 19

Multiple Choice

An organization that offers a range of support services and funding opportunities for new ventures is called a(n)

• A)business accelerator.
• B)business incubator.
• C)entrepreneurial ecosystem.
• D)infrastructural support.

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Definitions:

Employee Time

The amount of work time provided by employees, often tracked for payroll, productivity analysis, and costing purposes.

Space Occupied

The amount of physical area used by an organization for its operations, often measured in square feet or meters.

Step-Down Method

A cost allocation method used in accounting to assign service department costs to production departments in a sequential manner based on benefits received.

Administration Department

A sector of a business or organization responsible for administrating policies, procedures, and administrative support.