Robin Company Had Net Income of $67,000

question 163

True/False

Robin Company had net income of $67,000. The company had 9,000 weighted average common shares outstanding. The basic earnings per share equal $7.44 per share.

---

Definitions:

Intrapreneurship

Process of promoting innovation within the structure of an existing organization.

Classic Entrepreneurship

Classic entrepreneurship refers to the traditional model of starting and managing a business to offer unique products or services and achieve profit and growth.

Entrepreneurs

Individuals who start and manage businesses, taking on financial risks in the hope of profit.

Managers

Managers are individuals responsible for controlling or administering an organization or group of staff, making decisions, and implementing actions to achieve goals.