Which of the Following Factors Have Led to the Emergence

question 131

Multiple Choice

Which of the following factors have led to the emergence of entrepreneurship?

• A) New opportunities and market niches.
• B) Advances in technology.
• C) Globalisation and increased competition.
• D) World economic growth.
• E) All of these choices.

Understand the principles of total quality management and its focus on continuous improvement.

Distinguish between the focuses of financial and managerial accounting in terms of organizational level.

Recognize the significance of control in the managerial process and its relationship to goal setting.

Identify the goals of lean business models, including waste elimination and customer satisfaction.

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Definitions:

Activity Measure

An allocation base in an activity-based costing system; ideally, a measure of the amount of activity that drives the costs in an activity cost pool.

Patient-visits

A measure used in healthcare to quantify the number of visits or interactions patients have with healthcare providers.

Customers Served

The number or segment of clients who receive services or purchase products from a business within a given time frame.

Revenue

The total amount of money received by a company for goods sold or services provided during a specific period.