Serial Entrepreneurship Involves

question 101

Multiple Choice

Serial entrepreneurship involves

• A)launching and running a business,and then starting and running additional businesses in succession.
• B)recognizing societal problems and using business principles to develop innovative solutions.
• C)starting a new company by identifying a business opportunity and allocating resources to tap a new market.
• D)conceiving an idea,convincing top management of the idea's potential,and then recruiting human and other resources from within the company to turn the idea into a commercial project.

---

Definitions:

Periodic Inventory System

A periodic inventory system is a method of inventory valuation in which physical inventory counts are performed at specific intervals to determine the cost of goods sold and ending inventory.

Ending Inventory

The total value of a company's inventory available at the end of an accounting period, instrumental in calculating the cost of goods sold.

Purchased Units

Units of goods or services acquired through purchase, often used to refer to inventory items bought for resale in business operations.

Perpetual Moving Average

A method in inventory management where the average cost of inventory is recalculated after each acquisition or sale, ensuring up-to-date and accurate inventory valuations.