Which of the Following Is the Most Significant Recent Trend

question 87

Multiple Choice

Which of the following is the most significant recent trend in small-business start-ups?

• A) entrepreneurs who cross over from big business
• B) increased opportunities for minorities
• C) increased opportunities for women
• D) emergence of e-commerce
• E) global economic downturn

Understand the use of budgeted information in strategic planning and decision-making processes.

Understand the principles of cash budgeting and forecasting.

Comprehend the components and preparation of a master budget.

Calculate and interpret the budgeted net operating income.

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Definitions:

Total Utility

The sum satisfaction or benefit that a consumer receives from consuming a particular quantity of goods or services.

Consumer Surplus

The variance between the aggregate sum consumers are prepared and able to spend on a good or service versus what they truly pay.

Consumer Surplus

The divergence between the full amount consumers intend and are able to allocate for a good or service, and the amount they really pay.

Total Utility

The complete fulfillment derived from the consumption of a specific amount of products or services.