Members of the New Industrial Entrepreneurial Class in the Early

question 16

Multiple Choice

Members of the new industrial entrepreneurial class in the early nineteenth century

• A)particularly excluded aristocrats.
• B)were responsible for the predominance of giant corporate firms by 1850.
• C)were usually resourceful individuals with diverse social backgrounds.
• D)were more often from the lower classes than the bourgeoisie.
• E)were always from the bourgeoisie.

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Definitions:

Activity Variance

The difference between the planned activity level and the actual activity level, used in budgeting and costing analyses.

Materials

Raw resources or supplies used in the production of finished goods.

Revenue

The total income generated by a company from its usual business activities, usually from the sale of goods and services to customers.

Spending Variance

A financial metric that indicates the difference between the budgeted or planned amount of spending and the actual amount spent.