Having a Goal That Does Not Include Making a Profit

question 141

Multiple Choice

Having a goal that does not include making a profit can often explain why the unprofitable idea has not been implemented.These types of ideas may include:

• A) helping the poor.
• B) making great art.
• C) promoting social justice.
• D) All of these.

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Definitions:

Lower Of Cost

A principle requiring inventory to be recorded at the lower of its original cost or current market value, ensuring valuation is not overstated.