An Activity Which Seeks to Earn a Profit by Providing

question 239

Multiple Choice

An activity which seeks to earn a profit by providing a good or service is known as a(n) :

• A) industry.
• B) corporation.
• C) business.
• D) service.

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Definitions:

Ethical Soundness

The degree to which actions or policies are morally upright and adhere to accepted ethical standards.

Alternative Solutions

Different options or strategies considered in problem-solving or decision-making processes to achieve a desired outcome.

Evaluating Criteria

Standards or benchmarks used to judge the value, importance, or quality of something under consideration.

Classical Decision Making

An approach that assumes decision-makers are fully rational and make choices that maximize value or utility.