All of the Following Are Advantages That Small Businesses Have

question 30

Multiple Choice

All of the following are advantages that small businesses have except

• A) the ability to adapt to change.
• B) personal relationships with their customers.
• C) simplified record keeping.
• D) independence.
• E) greater potential for making a profit.

Recognize examples of private goods and understand why they are considered as such.

Recognize examples of public goods and understand why they are considered as such.

Recognize examples of artificially scarce goods and understand why they are considered as such.

Understand the implications of goods being nonrival and/or nonexcludable on their consumption and provision.

---

Definitions:

Standard Deviation

A statistical measure of the dispersion or variability of a set of numbers, indicating how much the individual numbers differ from the mean.

Deviation

The difference between a specific value and a reference point, often used in statistics to measure variability.

Capital Asset Pricing Model

A model that describes the relationship between systematic risk and expected return for assets, particularly stocks, for pricing risky securities.

Portfolio Risk

The degree of uncertainty of returns on a portfolio due to the possibility of changes in the value of its investments.