Which Statement Best Describes Entrepreneurs

question 122

Multiple Choice

Which statement best describes entrepreneurs?

• A) They are primarily motivated by the desire to help others.
• B) They have little or no impact on others in society.
• C) They create benefits for others while seeking profit for themselves.
• D) They create value for themselves at the expense of others.

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Definitions:

Direct Materials

Raw materials that are directly attributable to the product being manufactured and can be easily identified and measured.

Budgeted Production

The planning of how many units of a product a company aims to produce within a specific period.

Activity-based Budgeting

A budgeting approach based on the activities that incur costs within an organization, focusing on managing business activities that drive costs.

Master Budget

Master budget is a comprehensive financial planning document that consolidates all of a company’s individual budgets related to sales, production, manpower, etc.