Which of the Following Is What Managers Should Be Trying

question 14

Multiple Choice

Which of the following is what managers should be trying to do for the firm?

• A)maximize revenue.
• B)minimize expenses.
• C)maximize the market value of the existing owners' equity.
• D)maximize the current period's net income.
• E)None of the above.

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Definitions:

Genuine Reports

Unbiased, truthful, and accurate accounts or documents that represent facts faithfully.

Socially Responsible Behavior

Describes actions by individuals or organizations that benefit society at large, often going beyond legal or financial obligations.

Business Firm

An organization engaged in commercial, industrial, or professional activities, either for profit or not-for-profit.

Profit Maximization

The process or strategy of adjusting a firm's operations, sales, and costs to achieve the highest possible profit.