Most Firms Seek to Maximize Their Long-Run ________,Achieving as High

question 204

Multiple Choice

Most firms seek to maximize their long-run ________,achieving as high a financial return on their investments as possible.

• A)quality
• B)market share
• C)employee welfare
• D)social responsibility
• E)profits

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Definitions:

Implied Contract

A contract formed in whole or in part from the conduct of the parties (as opposed to an express contract).

Enforce In Court

The act of seeking judicial action to ensure compliance or to execute a legal right, often involving litigation.

Fully Performed

Refers to a scenario where all terms and obligations of a contract have been met by all parties involved.

Executory

Describing a contract that has not yet been fully performed or completed by all involved parties.