Which of the Following Is a Reason Why More New

question 59

Multiple Choice

Which of the following is a reason why more new businesses start on a part-time basis?

• A) The cost of entry and exit is low.
• B) There is lack of volatility.
• C) There is a broad window of opportunity.
• D) The part-time workforce is very small.

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Definitions:

Planning Budget

A budget prepared for a future period, reflecting the goals and policies of management, and used as a tool for guiding business activities towards financial objectives.

Total Cost

The sum of all costs associated with the production or acquisition of goods or services, including direct and indirect costs.

Patient-Visits

A measure in healthcare services, referring to the number of times patients see a healthcare provider or visit a healthcare facility.

Direct Labor

The wages and benefits for employees who are directly involved in the production of goods or the provision of services.