Colin and Becky Started a Garbage Disposal and Recycling Program

question 101

Multiple Choice

Colin and Becky started a garbage disposal and recycling program called "No More Trash" in their city, which has seen enormous growth in the last few years. The public waste management system has proved to be a failure as the authorities are overwhelmed by the influx of people from all parts of the country. Which of the following kinds of entrepreneurship is "No More Trash" an example of?

• A) serial entrepreneurship
• B) necessity-based entrepreneurship
• C) intrapreneurship
• D) Internet entrepreneurship
• E) social entrepreneurship

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Definitions:

Net Income Effects

The impact on a company's net income resulting from various financial and operational activities.

Excess Amortizations

An accounting term that describes the process of expensing benefits from assets at rates faster than their actual decline in value.

Intra-Entity Asset Transfers

Transactions involving the transfer of assets, such as goods, services, or intangibles within the same legal entity.

Depreciation Purposes

The rationale behind allocating the cost of a tangible asset over its useful life, including tax benefits and accurate financial reporting.