Gord Larose and His Friend David Allan Worked in Ottawa

question 74

Multiple Choice

Gord Larose and his friend David Allan worked in Ottawa at Nortel Networks, a giant telecommunications-equipment maker.One Friday afternoon, over a few beers in Larose's kitchen, they dreamed up a scheme for renting software over the Internet.Instead of quitting their jobs, they reported to work on Monday, explained their plan to their boss, and began working to make their idea a reality.Four years later, their idea has evolved into an important division of Nortel called Channelware.Larose and Allan are examples of:

• A)interpreneurs
• B)multipreneurs
• C)intrapreneurs
• D)growth-oriented entrepreneurs
• E)Insourced entrepreneurs

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Definitions:

Income Tax Expense

The amount of money that a company is required to pay in taxes based on its taxable income.

Depreciation Expense

The method of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.

Operating Income

Earnings before interest and taxes (EBIT), calculated as gross profit minus all operating expenses, including depreciation and amortization.

Investments

Financial assets purchased with the aim of generating income or appreciation in value over time.