If a Small-Business Owner Enjoys the Chance to Balance Work

question 96

Multiple Choice

If a small-business owner enjoys the chance to balance work and personal life, he would be considered a(n) :

• A) idealist.
• B) optimizer.
• C) hard worker.
• D) juggler.
• E) sustainer.

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Definitions:

Excess Capacity

The situation where a company's production facilities are capable of producing more than the demand for its products.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent or salaries.

Specialist Medical Equipment

High-tech and advanced medical tools and devices specifically designed for certain branches of medicine to diagnose or treat diseases effectively.