The View That a Business Must Make a Profit in Order

question 97

Multiple Choice

The view that a business must make a profit in order to survive and make other contributions is known as

• A) Economic responsibility
• B) Legal responsibility
• C) Ethical responsibility
• D) Philanthropic responsibility

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Definitions:

Inflation

A general increase in prices across an economy, leading to a decrease in the purchasing power of money.

Purchasing Power

The purchasing power of a currency, measured by the quantity of goods or services a single unit can acquire.

Longest Expansion

A period characterized by sustained economic growth and expansion, often measured by GDP growth, without a recession.

World War II

A global conflict that occurred from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.