Large Businesses That Innovate and Change Have an _____________

question 13

Multiple Choice

Large businesses that innovate and change have an _____________.

• A)entrepreneurial frame
• B)entrepreneurial orientation
• C)intrapreneurial frame
• D)intrapreneurial orientation

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Definitions:

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Variable Costing

An accounting method that includes only variable production costs (materials, labor, and variable overhead) in product cost calculations, excluding fixed overhead.

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Income Statement

A financial statement showing the revenue, expenses, and profit or loss of a company over a specific period.