An Individual Who Identifies a Business Idea on His or Her

question 61

Multiple Choice

An individual who identifies a business idea on his or her own is referred to as a(n) :

• A) separate entrepreneur
• B) functional entrepreneur
• C) lone entrepreneur
• D) individual entrepreneur
• E) solo entrepreneur

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Definitions:

Spending Variance

The difference between the actual amount spent and the budgeted or planned amount, typically related to operational budgets.

Food And Supplies

Items and materials used in the production or service of food industry operations, including raw ingredients and operational supplies.

Budgeting

The process of creating a plan to spend your money, allowing you to determine in advance whether you will have enough funds to achieve your financial goals.

Activity Variance

The discrepancy observed between a business's estimated activities costs or resources and the actual expenses or usage.