All of the Following Are Contributions of Small Businesses EXCEPT

question 162

Multiple Choice

All of the following are contributions of small businesses EXCEPT

• A) they provide more job security than large corporations.
• B) they fuel local economies.
• C) they provide needed services to the larger corporate community.
• D) they create a substantial number of new jobs.

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Definitions:

Total Period Cost

The sum of all costs incurred during a specific financial period, encompassing both manufacturing and non-manufacturing expenses.

Absorption Costing

An accounting method that includes all manufacturing costs (both fixed and variable) in the cost of a product.

Net Operating Income

The profitability measure that calculates the amount of money a company makes from its primary business operations, excluding costs and expenses related to financing and taxes.

Variable Costing

An accounting method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in product cost calculations.