The Objective of Business to Maximise Economic Growth Within the Bounds

question 47

Multiple Choice

The objective of business to maximise economic growth within the bounds of minimising impacts on the environment is known as:

• A) wealth maximisation.
• B) growth.
• C) satisficing.
• D) sustainable development.

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Definitions:

General Journal

A basic accounting ledger used to record all the financial transactions of a business.

General Ledger

A complete record of a company's financial transactions over the lifespan of the organization, serving as the foundation of its financial reporting.

Expenses Account

An accounting ledger that reflects the costs incurred by a business in the process of earning revenue.

Revenue Account

A record that monitors the revenue a firm produces through its regular business activities.