Economists Explicitly Assume That the Primary Objective of Firms Is

question 175

Multiple Choice

Economists explicitly assume that the primary objective of firms is to maximize

• A) sales.
• B) market share.
• C) shareholder wealth.
• D) profits.

---

Definitions:

Infancy

A period in human development extending from birth to 24 months, involving significant growth and change in all developmental domains.

Indulgent Parenting

A parenting style characterized by high responsiveness and low demandingness, where parents are very lenient and typically allow their children considerable freedom.

Authoritative Parenting

A parenting style characterized by high levels of warmth and control, promoting independence while setting clear limits.

Social Strata

Layers of society created by structural inequalities that categorize individuals based on wealth, occupation, education, and other criteria.