All of the Following Are Identified as Responsibilities of Entrepreneurs

question 94

Multiple Choice

All of the following are identified as responsibilities of entrepreneurs EXCEPT

• A)upsizing their organizations in response to declining revenues.
• B)formulating policies.
• C)managing finances,human resources,and materials.
• D)problem solving.

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Definitions:

Selling Price

The amount of money for which a product or service is sold to customers, setting the revenue baseline for a business.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and profit.

Operating Leverage

A financial ratio that measures the degree to which a company can increase operating income by increasing revenue.

CVP Graph

A graphical depiction of the Cost-Volume-Profit analysis, showing how a company's profits, costs, and sales volume are related.