The answer: is E
Explain: hope this helps
Answer:
In your list of options there are 2 Major functions of an entrepreneur:
1. Innovate
2. Take Risks
Explanation:
Remember that being an entrepreneur and being a manager are 2 very different things. When an entrepreneur takes over the functions of a manager then things get more complicated. You can have a really big company that goes belly up because of bad management but that doesn't mean you had an incompetent entrepreneur.
The organizing function is one of my personal favorites. Here you have to get everything together, materials, machinery, material resources to operate, legal requirements etc. Then with successful leadership you can execute the plans directed by the entrepreneur.
Answer:
b) between budgeted costs and budgeted quantities versus actual costs and budgeted quantities for the budgeted output level
Explanation:
A budget is a statement of forecast stating projected expenses and revenues over a period of time.
A flexible budget is prepared comprising figures that are based upon actual output.
The figures are compared with static figures which are based upon budgeted output and the difference between the two is identified as a variance. Such a comparison reveals the difference between budgeted costs and actual actual.
A flexible budget allows for changes and flexibility in forecasting i.e there is room for deviations and variances and such a budget is not rigid.
Answer:
The marginal benefit is greater than the marginal cost of an additional crop-dusting.
Explanation:
Marginal benefit is the extra utility derived from consuming one more unit or a good or service. Is the maximum amount that a consumer can pay for consuming an additional unit of a product or a service.
The concept of marginal benefit focuses on why consumers are ready to pay a specific amount of money for some goods, but refrain from doing the same for another product.
This concept helps companies ensure that the utility of their products does not diminish.
A marginal cost is the additional cost to produce one more unit. It is high initially and drops as production increases.
In the intersection of marginal benefit and cost, is the point where the marginal revenue is equal to the marginal cost.
If the marginal revenue is bigger than the marginal cost, is convenient.
