The Top Management Team at Ingenuity, Inc

question 59

Multiple Choice

The top management team at Ingenuity, Inc., has assigned a team of scientists to a multi-year project to investigate the viability of growing large amounts of fur from cloned cells of minks and foxes to produce no-kill fur products for coats and other clothing items. This idea would satisfy all the dimensions of the entrepreneurial orientation EXCEPT:

• A) innovativeness.
• B) risk taking.
• C) proactiveness.
• D) competitive autonomy.

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Definitions:

Fixed Expenses

Regular expenses that do not change in amount, such as rent or salaries.

Net Operating Income

Earnings derived from a company's regular business operations, excluding deductions of interest and taxes.

Break-even Points

The level of sales or production at which total revenues equal total expenses, resulting in no profit or loss.

Fixed Expenses

Costs that do not fluctuate with changes in production level or sales volume, such as rent or salaries.