A Comprehensive or Overall Formal Plan for a Business That

question 80

Multiple Choice

A comprehensive or overall formal plan for a business that includes specific plans for expected sales, the units of product to be produced, the merchandise (or materials) to be purchased, the manufacturing, selling, administrative, and general expense to be incurred, the long-term assets to be purchased, and the amounts of cash to be borrowed or loans to be repaid, as well as a budgeted income statement and balance sheet, is called a(n) :

• A) Master budget.
• B) Kaizen budget.
• C) Capital expenditures budget.
• D) Continuous budget.
• E) Operating budget.

Understand global governments' perceptions of social entrepreneurship.

Analyze the effects of the global recession of 2007-2009 on social programs and philanthropy.

Trace the history and ascendance of social entrepreneurship in the 1990s.

Explain the etymology and significance of "entrepreneurship".

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Definitions:

Illegal Bribe

A payment or gift given with the intention to influence the actions of the recipient in a way that is dishonest or unethical.

Intrasender Role Conflict

A single role sender provides incompatible role expectations to a role occupant.

Role Ambiguity

The lack of clarity about expected behavior from a job or role, leading to confusion about job duties and responsibilities.

Norms

Socially accepted rules or behaviors that dictate what is considered appropriate or standard within a group or society.