Who Would Be Considered an Intrapreneur

question 26

Multiple Choice

Who would be considered an intrapreneur?

• A) Siobhan, who loves dogs; she realizes that dog lovers need a way to keep track of their pets' health care, so she sets out to create a cell phone-based app that helps pet lovers keep track of their pets' health needs.
• B) Jamal, a biology lab manager at a major university; he hears many of the scientists complaining that the lab's chemicals constantly ruin their shoes, so he sets out to invent and sell a protective shoe covering that scientists can use when they're working in labs.
• C) Marisol, who works for 3M Corporation; she is a huge fan of the company's Post-It Notes, and she thinks that the company can greatly expand its Post-It Notes line by customizing them for people who work in different types of organizations, such as sports teams.
• D) Ahmad, who works as a certified public accountant; he realizes that the Arab American community in Detroit needs more people who speak Arabic to help them prepare their taxes, so he starts a firm that specializes in working with members of the Arab American community.
• E) Sheila, who is a professional chef; she works in an upscale restaurant and realizes guests love exotic ingredients that they've never heard of before, so she starts a business in which she purchases exotic ingredients from abroad. She then travels among the restaurants in her state, talking to the chefs and selling them those ingredients for a profit.

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Definitions:

Unit Product Cost

The total cost associated with producing one unit of product, encompassing both fixed and variable costs.

Operations

Refers to the day-to-day activities involved in the running of a business for the purpose of producing value for the stakeholders.

Absorption Costing

An evaluation technique that assimilates all production costs, covering direct materials, direct labor, and variable and fixed overheads, into the price of a product.

Net Operating Income

An indicator of a firm's profitability from standard operations, excluding non-operational income and expenses like taxes and interest.