Q4. a) Recently, there has been a growing awareness of the important social and economic roles of the Small Business sector (MSMEs) and the importance of entrepreneurship in stimulating growth of socio-economic sector and development. This has been true in both developed and developing economies of the world. Critically discuss the factors that have provided the impetus to this kind of development? b) Explain the difference between full-absorption costing and direct costing? How does absorption costing help an entrepreneur make better decision?
Q4. a) Recently, there has been a growing awareness of the important social and economic roles of the Small Business sector (MSMEs) and the importance of entrepreneurship in stimulating growth of socio-economic sector and development. This has been true in both developed and developing economies of the world. Critically discuss the factors that have provided the impetus to this kind of development? b) Explain the difference between full-absorption costing and direct costing? How does absorption costing help an entrepreneur make better decision?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q4.
a) Recently, there has been a growing awareness of the important social and
economic roles of the Small Business sector (MSMEs) and the importance of
entrepreneurship in stimulating growth of socio-economic sector and development.
This has been true in both developed and developing economies of the world.
Critically discuss the factors that have provided the impetus to this kind of
development?
b) Explain the difference between full-absorption costing and direct costing? How
does absorption costing help an entrepreneur make better decision?
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