Working at Microsoft,Rohan Has Created a New Venture Based Solely

question 7

Multiple Choice

Working at Microsoft,Rohan has created a new venture based solely on his idea and Microsoft's proprietary technology.Rohan can be described as a(n)

• A)intrapreneur.
• B)independent entrepreneur.
• C)spin-off employee.
• D)venture capitalist.
• E)franchisee.

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Definitions:

Labor Cost

Refers to the total expense incurred by employers for the compensation of their workforce, including wages, benefits, and taxes.

Materials Cost

The total expense to an entity for all materials used in the production of a product or service.

Break-even Chart

A graphical representation used in financial analysis to show the point at which total costs and total revenue are exactly equal; thus, there is no loss or gain.

Break-even Point

The financial state where total costs and total revenues are equal, meaning there is no net loss or gain, and one has "broken even."