Since It Replaces Existing Products and Methods of Production,entrepreneurship Is

question 98

Multiple Choice

Since it replaces existing products and methods of production,entrepreneurship is a process of

• A)harnessing the human potential.
• B)creative destruction.
• C)creation of opportunity.
• D)exploitation of innovation.

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Definitions:

Operating Assets

Assets used in the day-to-day operations of a business to generate revenue, including cash, inventory, and property, plant, and equipment.

Required Rate Of Return

The minimum percentage return an investor expects to achieve from an investment.

Operating Income

Revenue from business operations after operating expenses and before interest and taxes.

Transfer Prices

Prices charged for the sale of goods or services between departments or subdivisions of the same company.