Which of the Following Is a Benefit of Entrepreneurship

question 2

Multiple Choice

Which of the following is a benefit of entrepreneurship?

• A)Low risk
• B)Flexibility
• C)Guaranteed profit
• D)Reduced competition

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Definitions:

Variable Expenses

Expenditures that adjust in response to the operations of a company.

Transfer Price

A price charged for goods or services transferred between departments or divisions of the same company or between affiliated companies.

Valve Division

Refers to a specialized business unit within a company that focuses on the production and sales of valves.

Variable Expenses

costs that vary in total in direct proportion to changes in activity level or volume, such as materials costs or commission expenses.