Which of the Following Is True of Corporate Entrepreneurship

question 10

Multiple Choice

Which of the following is true of corporate entrepreneurship?

• A) It involves the creation of self-sustaining charitable and civic organizations.
• B) It involves revitalizing government agencies.
• C) It is a form of entrepreneurship in which people own their own for-profit business.
• D) It involves bringing new products or services to a market.

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Definitions:

Production Budget

An estimate of the total units of production needed to meet anticipated sales demand and inventory requirements.

Sales Budget

A detailed schedule showing expected sales expressed in both dollars and units.

Budgeting

The process of creating a plan to spend your money, outlining projected income and expenses for a certain period.

Budgeted Income Statement

A financial projection that estimates a company's revenue and expenses over a specific future period, predicting net income or loss.