Entrepreneurs

question 22

Multiple Choice

Entrepreneurs

• A)and managers are found on the same organizational level.
• B)are usually found in small firms.
• C)are usually found in larger firms in order to access financial capital.
• D)are found in firms of all sizes.

---

Definitions:

Administrative Expense

Costs related to the general operation of a business that are not directly linked to the production or selling of goods or services.

Planning Budget

A budget created before a period begins, outlining expected revenues, expenses, and other financial transactions, serving as a blueprint for financial performance.

Materials

General term referring to the raw inputs or resources used in the production of goods and services, encompassing both direct and indirect materials.

Planning Budget

A financial plan that outlines the expected revenues, expenses, and goals of an organization for a specific period.