_____ Is an Approach to Operating a Firm or a Line

question 6

Multiple Choice

_____ is an approach to operating a firm or a line of business which identifies,creates,and exploits opportunities to make a profit in a manner that can minimize the depletion of natural resources,maximize the use of a recycled material,or improve the environment.

• A) Serial entrepreneurship
• B) Venture capitalism
• C) Sustainable entrepreneurship
• D) Corporate intrapreneurship

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Definitions:

Manufacturing Operations

Encompasses the processes involved in converting raw materials or components into finished goods.

Process Cost System

A financial approach for allocating expenses to akin goods that are manufactured in bulk in an ongoing manner.

Factory Overhead

All indirect costs associated with manufacturing, excluding the direct costs of labor and materials.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual units of production, based on estimated costs and activity levels.