The Segment of the Economic Environment Comprising Independently Owned Firms

question 29

Multiple Choice

The segment of the economic environment comprising independently owned firms that seek to earn profits is called the ________.

• A) political sector
• B) private sector
• C) democratic sector
• D) public sector

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Definitions:

Margin Of Safety

The difference between actual or expected sales and sales at the break-even point; it measures the risk of incurring a loss.