Which term describes an organization made up of more than 10,500 retired executives who volunteer their time to provide entrepreneurs with real-world advice and know-how?

Which term describes an organization made up of more than 10,500 retired executives who volunteer their time to provide entrepreneurs with real-world advice and know-how?

• A. Service Corp of Retired Executives (SCORE)
• B. Small Business Administration (SBA)
• C. Trade association
• D. Customer profile

Answer: (A)

This term refers to a nationwide network of volunteers who mentor entrepreneurs, drawing on years of business leadership to share practical, real-world advice. SCORE fits this description perfectly: it is a nonprofit organization—Service Corps of Retired Executives—made up of more than 10,500 volunteers who volunteer their time to coach and mentor aspiring business owners. The focus is on providing hands-on guidance in areas like planning, financing, operations, and growth, leveraging the experience of seasoned executives. The other options don’t describe this volunteer mentoring network. The Small Business Administration is a government agency that offers loans, grants, and resources, not a volunteer corps of retired executives. A trade association is a group formed by companies within the same industry to promote mutual interests, not a volunteer mentor network. A customer profile is a marketing concept used to describe the typical customer, not an organization. So, the term that best matches the description is SCORE, the Service Corps of Retired Executives.

This term refers to a nationwide network of volunteers who mentor entrepreneurs, drawing on years of business leadership to share practical, real-world advice. SCORE fits this description perfectly: it is a nonprofit organization—Service Corps of Retired Executives—made up of more than 10,500 volunteers who volunteer their time to coach and mentor aspiring business owners. The focus is on providing hands-on guidance in areas like planning, financing, operations, and growth, leveraging the experience of seasoned executives.

The other options don’t describe this volunteer mentoring network. The Small Business Administration is a government agency that offers loans, grants, and resources, not a volunteer corps of retired executives. A trade association is a group formed by companies within the same industry to promote mutual interests, not a volunteer mentor network. A customer profile is a marketing concept used to describe the typical customer, not an organization.

So, the term that best matches the description is SCORE, the Service Corps of Retired Executives.