The Goal of Business in Relation to Profit Is Generally

question 12

Multiple Choice

The goal of business in relation to profit is generally taken as:

• A) profit planning.
• B) profit maximisation.
• C) profit stabilisation.
• D) profit generation.

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Definitions:

Depletion

The allocation of the cost of natural resources over their useful life, reflecting the consumption of the resource.

Metal Ores

Naturally occurring minerals from which metals can be extracted economically.

Amortization

Amortization refers to the process of gradually writing off the initial cost of an asset over a period.

Expense Account

An account that records the costs of operating a business.