Which Statement Reflects the Main Purpose of Private Sector Firms

question 12

Multiple Choice

Which statement reflects the main purpose of private sector firms in the Canadian economy? Firms:  

• A) They are assumed to be socially responsible. 
• B) They have responsibilities for providing services that the government cannot provide. 
• C) They are assumed to try to maximize profit. 
• D) They seek to maximize sales.

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Definitions:

Positivist Perspective

A philosophical stance emphasizing observable, scientific facts and their relationships, often associated with a belief in progress and rational explanation.

Observable Object

Any entity or phenomenon that can be perceived or measured by human senses or instruments.

Forces

Influences or powers that cause an object to move or change, or metaphorically, factors that drive or influence events or decisions.

Role of Power

The influence or control exercised by an individual or group in various contexts, affecting decisions, actions, and outcomes within societies or organizations.