The main objective of most for-profit businesses is to maximize:O the number of happy, satisfied employeesO tax revenues for the Federal GovernmentO the social conscientiousness of members of societyO Profits (which become available for distribution to the owners)

Answered: The main objective of most for-profit…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

The main objective of most for-profit businesses is to maximize:
O the number of happy, satisfied employees
O tax revenues for the Federal Government
O the social conscientiousness of members of society
O Profits (which become available for distribution to the owners)

Expert Solution

Brief introduction

Profit is the extra income over expenses. The main objective of for-profit businesses is to earn maximum profit for the owner. Profit is necessary for expanding business activities too....

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

For-profit vs Not-for-profit organizations

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions