This Program Was Started to Encourage Small Businesses That Wanted

question 26

Multiple Choice

This program was started to encourage small businesses that wanted to expand their research and development efforts.It has made over 36,000 awards in excess of $10 billion.

• A)Small Business Technology Transfer Act
• B)Local development companies
• C)The SBA Capline program
• D)Small Business Innovation Research Program

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Definitions:

Equivalent Units

A measure used in cost accounting to express the amount of work done on partially finished goods in terms of fully finished units.

Conversion Costs

The sum of direct labor and manufacturing overhead costs, representing the expenses to convert raw materials into finished products.

Conversion Costs

The sum of labor and overhead expenses incurred to convert raw materials into finished products.

Materials Costs

Expenses directly tied to the production of goods, including raw materials and components.