A Transgenic Organism

question 45

Multiple Choice

A transgenic organism

• A) contains DNA from two different species of organism
• B) contains a plasmid
• C) is resistant to viral infection
• D) contains DNA which allows it to transfer plasmids from its cells to other cells

Differentiate between static and flexible budgets and their uses in managing costs.

Identify the role of flexible budgets in performance evaluation and control.

Recognize the importance of comparing actual results with budgeted objectives for effective budgetary control.

Grasp the concept of management by exception and its application in budgetary control.

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Definitions:

Entrepreneur

An individual who initiates, manages, and assumes the risks of a business or enterprise, aiming for economic profits.

Entrepreneurial Ability

The unique set of skills, insights, and attitudes necessary to identify opportunities and mobilize resources effectively to establish and grow a venture.

Passive Resources

Resources that are not actively managed but contribute to production or value through their existence or inherent attributes.

Entrepreneur

An individual who creates and manages a business venture in order to gain profit by taking on financial risks.