An Advantage for Choosing a Hometown as a Location for a New

question 35

Multiple Choice

An advantage for choosing a hometown as a location for a new business venture include the fact that

• A)the entrepreneur knows the landmarks around his or her home community.
• B)credit can be established more easily.
• C)friends and relatives line up new customers.
• D)the reduced risk.

---

Definitions:

Departmental Information

Departmental information involves data or records specific to a particular department within an organization, often used for internal planning, decision-making, and performance evaluation.

Annual Report

An exhaustive report prepared by a company's management detailing its operations and financial performance over the fiscal year, intended for shareholders and other stakeholders.

Footnotes

Detailed information provided at the bottom of financial statements to offer additional context, explanations, or breakdowns of the figures presented within the statements.

Uncontrollable Costs

Expenses that cannot be controlled or influenced by management in the short term.