An Organization That Supports Start-Up Technology Businesses by Providing Inexpensive

question 78

Multiple Choice

An organization that supports start-up technology businesses by providing inexpensive office space,a variety of support services and resources is called as a(n)

• A)accelerator.
• B)community development organization.
• C)small business investment company.
• D)credit reporting agency.

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Definitions:

Predetermined Overhead Rate

A rate calculated before a period begins, based on estimated overhead costs and activity levels, used to allocate overhead to products.

Actual Manufacturing Overhead

The real costs incurred in the manufacturing process that are not directly tied to production, including utilities, maintenance, and factory rent.

Raw Materials

Basic substances in their natural, modified, or semi-processed state used as inputs to a manufacturing process for conversion into finished goods.

Journal Entries

Records of financial transactions in the accounting system, indicating the accounts affected and the debit and credit amounts.