Which of the Following Is an Example of Social Entrepreneurship

question 75

Multiple Choice

Which of the following is an example of social entrepreneurship? The committee approved the new formula for an all-purpose cleaner because it

• A) cleaned better than other cleaners and used easy-to-obtain ingredients.
• B) cleaned better than other cleaners and did not cost more to produce.
• C) cleaned as well as other cleaners and could be produced more efficiently.
• D) cleaned as well as other cleaners and used organic ingredients.

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Definitions:

Accounting Records

Documentation and books that capture all financial transactions of a business, company, or individual, providing a basis for financial statements and audits.

Cost of Goods Available

The total cost of inventory available for sale, calculated as the beginning inventory plus the cost of goods manufactured or purchased.

Overapplied Overhead

Occurs when the amount of overhead allocated to products exceeds the actual overhead incurred.

Cost of Goods Sold

The direct costs attributable to the production of the products sold by a company.