Local Offices Affiliated with the Small Business Administration (SBA)that Provide

question 8

Multiple Choice

Local offices affiliated with the Small Business Administration (SBA) that provide comprehensive management assistance to current and prospective small business owners are known as _________.

• A)Small Business Development Centers
• B)Small Business Incubation Offices
• C)Small Business Advancement Stations
• D)Small Business Creation Sites

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Definitions:

Total Spending

The aggregate amount of money spent by households, businesses, and the government on goods and services within a certain period.

Invention

The conception of a new product or process combined with the first proof that it will work.

Innovation

The process and outcome of creating something new or improved, including products, services, processes, or business models, that adds value.

Marginal Cost

The expense for creating a supplementary unit of a product or service.