Which of the Following Statements About Women-Owned Businesses Is False

question 107

Multiple Choice

Which of the following statements about women-owned businesses is false?

• A) The businesses women start tend to be smaller than those men start.
• B) Women own about 28 percent of all privately held businesses in the U.S.
• C) The survival rate of women-owned businesses is much lower than that of U.S. businesses overall.
• D) Most women-owned companies are concentrated in retailing and services.

Relate the concepts of marginal and average products to decision-making in production.

Understand how the law of diminishing marginal returns impacts total production.

Understand the concept and applications of satisficing in decision making.

Recognize the impact of option quantity on decision quality and purchaser satisfaction.

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Definitions:

Process Costing

A costing method used for homogeneous products, where costs are accumulated over a period and assigned to large numbers of identical units.

Cost Per Equivalent Unit

A calculation used in process costing that determines the cost associated with a single unit of output, adjusting for partial completion of units in the production process.

Materials Cost

The cost of raw materials used to produce goods.

Process Costing

A method of costing that is used in industries where production is continuous and the product is indistinguishable from unit to unit.