______Angels Are Entrepreneurs Who Have Already Started and Successfully Operated

question 46

Multiple Choice

______angels are entrepreneurs who have already started and successfully operated their own businesses.

• A)Corporate
• B)Entrepreneur
• C)Professional
• D)Enthusiast

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Definitions:

Fixed Manufacturing Costs

Overheads or expenses that do not vary with the level of production or sales, such as salaries of permanent employees and rent of factory buildings.

Period Cost

Expenses that are not directly tied to the production of goods or services and are expensed in the period they are incurred.

Target Net Income

The desired profit a company aims to achieve for a period, used in budgeting and planning processes.

Required Sales

The amount of sales needed to achieve a specific financial goal, such as breaking even or reaching a profit target.