An Objective of a Business Could Be

question 20

Multiple Choice

An objective of a business could be:

• A) maximise profit.
• B) maximise sales.
• C) financial survival.
• D) all of the above.

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Definitions:

Balance Sheet

A financial statement that provides a snapshot of a company’s financial condition at a specific moment in time, showing assets, liabilities, and shareholders' equity.

Direct Method

A cost allocation method that assigns all costs directly to cost objects without going through intermediate cost pools.

Prepaid Expense

Payments made in advance for goods or services that will be received in the future.

Direct Method

A method for preparing a cash flow statement where cash receipts and payments are reported directly, without using adjustments for non-cash items.