Data from 2013 from the Small Business Administration Shows Women-Owned

question 161

Essay

Data from 2013 from the Small Business Administration shows women-owned businesses as a dominate part of the U.S. economy. What were some of the findings of that data?

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Definitions:

Purchase Price Variances

Differences between the actual cost of materials purchased and the expected (budgeted) cost, often analyzed in cost accounting.

Standard Cost

A predetermined cost of manufacturing a product or providing a service, used as a benchmark to measure actual performance and efficiencies.

Widgets

Widgets are a generic term for small devices or gadgets, or can refer to hypothetical products used in economics or financial examples.

Nonfinancial Performance Measure

A performance measure expressed in units rather than dollars.