A Small Business Management Course at a Community College May

question 42

Multiple Choice

A small business management course at a community college may offer entrepreneurs an opportunity to

• A) meet with experienced entrepreneurs and learn from their advice.
• B) try out ideas on a computer simulation before risking real time and money.
• C) listen to a qualified instructor solve all of the problems of small business owners.
• D) be part of a group that will include angel investors.

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Definitions:

Cost Over Budget

The amount by which actual spending exceeds the planned or budgeted amount.

Sales Exceeding Budget

This indicates a financial scenario where actual sales revenue surpasses the projected figures in the budget, often viewed positively as it suggests higher profitability.

Maintenance Department

A functional area within an organization responsible for the continuous upkeep and repair of equipment, buildings, and facilities to ensure smooth and efficient operations.

Manufacturing Company

A business that produces finished goods from raw materials through the use of labor and machinery in a systematic process.