Ingrid Has Been Working as a Brand Manager for a Large

question 126

Multiple Choice

Ingrid has been working as a brand manager for a large multinational consumer goods company for the past 12 years.She is starting to get tired of working for someone else and wants to start her own company.Right now her job is giving her the opportunity to scan the industries her company is involved in and look for opportunities in areas her company cannot address quickly or is not interested in pursuing.She is being ________.

• A)entrepreneurially active
• B)capitalistically clever
• C)ethically innovative
• D)entrepreneurially alert

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Definitions:

Period Costs

Costs that are expensed in the period in which they are incurred, rather than being capitalized or included in the cost of goods sold, such as selling, general, and administrative expenses.

Direct Materials

Raw materials that can be directly associated with the production of goods, clearly identifiable and allocable to specific products or jobs.

Factory Overhead

The total of all indirect costs associated with manufacturing, including indirect labor, materials, and expenses not directly tied to the production of goods.

Manufacturing Costs

Expenses directly related to the production of goods, including direct labor, direct materials, and overhead costs.