Which of the Following Is NOT a Reason for Starting

question 8

Multiple Choice

Which of the following is NOT a reason for starting a part-time business?

• A) To gain business experience
• B) Lack of resources
• C) Limited window of opportunity for a new product
• D) Conflict-of-interest

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Definitions:

Customized Production

A manufacturing process in which products are designed and produced to meet specific customer requirements.

Target Cost

A pricing strategy that involves determining the desired cost for a product in order to meet a specified profit margin by working backwards from a competitive market price.

Job Costing

A cost accounting method used to track the costs associated with producing individual jobs, allowing businesses to estimate profitability on a per-job basis.

Direct Costs

Expenses that can be directly attributed to the production of specific goods or services, such as raw materials and labor.