The Primary Objective of the Firm Is _______

question 16

Multiple Choice

The primary objective of the firm is _______.

• A) shareholder wealth maximization
• B) social responsibility
• C) long-run survival
• D) profit maximization

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Definitions:

Amoeba

A type of simple, single-celled organism that moves and ingests food through extensions of its body called pseudopodia.

Learned Helplessness

Learned helplessness is a condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, resulting in resignation and passive behavior.

Avoidance Learning

A type of learning where a subject learns to perform behaviors in order to prevent or avoid an unpleasant stimulus.

Aversive Conditioning

A form of learning in which an unpleasant or harmful stimulus is associated with a particular behavior to reduce or eliminate that behavior.