Which of the Following Is Not a Reason Why Small

question 90

Multiple Choice

Which of the following is not a reason why small businesses choose to become retailers?

• A) Starting a retail business is relatively easy.
• B) Retailing does not require a large capital investment.
• C) It is easy to compete with large chains.
• D) Gaining knowledge and experience in retailing is relatively easy.
• E) The owner can capitalize on personal expertise or interests.

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Definitions:

Organisational Performance

Organisational Performance refers to how well an organization achieves its predetermined objectives, encompassing efficiency, effectiveness, and financial performance.

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity in relation to pre-established criteria and objectives.

Direct Material Standards

Established benchmarks for the cost and quantity of materials required for production processes.

Direct Material Price Variance

Direct material price variance is the difference between the actual cost of materials used in production and the expected (or standard) cost, indicating how effectively a company manages its resource costs.