Microcredit Refers to

question 207

Multiple Choice

Microcredit refers to

• A) small-size stock markets with very limited capitalization.
• B) a system of providing credit to small-business owners.
• C) bond markets for governments of small nations.
• D) deposits in small banks in developing nations.

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Definitions:

Absorption Costing

An accounting system that factors in all production costs—direct labor, direct materials, and both fixed and variable manufacturing overheads—into the pricing of a product.

Cost-plus Pricing

is a pricing strategy where the selling price is determined by adding a specific markup to a product's cost.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.

Return on Investment

A measure of the profitability of an investment, calculated as the ratio of net profits to the initial cost of the investment.