ABC Electronics Wants Someone to Install a Top-Of-The-Line Burglar-Alarm System

question 24

Multiple Choice

ABC Electronics wants someone to install a top-of-the-line burglar-alarm system for its two buildings, a system that not only sounds an alarm but also simultaneously notifies authorities and the company president. Video surveillance of the premises should also be a capability of the security system. In order to obtain price quotes, what should ABC Electronics write?

• A) an unsolicited proposal
• B) an internal proposal
• C) an external proposal
• D) a request for proposals

Discern the types of financing available to entrepreneurs and their characteristics.

Grasp the concept of intrapreneurship and its importance within an organization.

Understand the impact of education on entrepreneurship.

Assess the role and importance of failure in the entrepreneurial process.

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Definitions:

Patents

Exclusive rights to produce and sell goods with one or more unique features.

Account Group

A classification system used in accounting to organize and categorize financial transactions and balances.

Assets

Assets are resources owned or controlled by a business or individual that have economic value and can provide future benefits, including cash, property, and equipment.

Horizontal Analysis

A method of financial analysis in which figures in financial statements over different periods are compared line by line to identify trends.