Barbara, a Florist, Realized the Need for Easily Accessible Organic

question 8

Multiple Choice

Barbara, a florist, realized the need for easily accessible organic compost in her neighborhood. Her neighborhood consists mainly of senior citizens who are unable to procure their own gardening supplies. She quickly established "We Compost," a non-profit organization that delivers compost to each household in her neighborhood. This is an example of _____.

• A) serial entrepreneurship
• B) classic entrepreneurship
• C) intrapreneurship
• D) necessity-based entrepreneurship
• E) social entrepreneurship

Evaluate the efficiency of departments based on cost allocations and capacity planning.

Understand the impact of cost allocations on customer service and order fulfillment strategies.

Understand the key differences between absorption costing and variable costing methods.

Identify which costs are treated as product costs under variable and absorption costing.

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Definitions:

Disposable Income

Financial capacity reserved for household spending and savings after navigating through income tax deductions.

Autonomous Consumption

The level of consumption expenditure that occurs when income levels are zero, representing the base level of spending that must occur even in the absence of income.

Public Savings

The portion of national savings held by the government, typically reflected in budget surpluses.

Personal Income

The total amount of income earned by an individual from all sources before any taxes are deducted.