Which of These Is True About the Business Incubator

question 119

Multiple Choice

Which of these is true about the business incubator?

• A) It gives up control since every business is run the same way.
• B) It provides shared office space, management support services, and management advice.
• C) It develops an international business.
• D) It provides an established name and advertising.
• E) All of these.

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, representing the trade-off between different choices in the allocation of resources.

Opportunity Cost

Giving up possible gains from several options by choosing a particular one.

Bowed Outward

A description of the shape of a curve on a graph, such as the production possibilities frontier, indicating increasing opportunity costs.

Opportunity Cost

The penalty of dismissing the closest superior alternative when engaging in the process of decision-making.