Bootlegging Is a 3M Effort to Promote Intrapreneurship by Allowing

question 27

Multiple Choice

Bootlegging is a 3M effort to promote intrapreneurship by allowing

• A) employees to borrow time from other projects to develop new products.
• B) employees to take a sabbatical to work on new products.
• C) employees to take frequent vacations to inspire new product ideas.
• D) employees to copy competitors' product ideas and claim credit.

---

Definitions:

Conversion Cost

The sum of direct labor and manufacturing overhead costs, representing the expenses necessary to convert raw materials into finished goods.

Process Costing

An accounting methodology used for homogeneous products, allocating costs over the entire production process rather than per individual item.

Equivalent Unit

A concept used in process costing that converts partially completed units into a number of equivalent fully completed units.

Conversion

Conversion involves the process of transforming raw materials or inputs into finished products or outcomes in manufacturing and production contexts.