A Principal Objective of a Business Organisation Is the Maximisation

question 94

True/False

A principal objective of a business organisation is the maximisation of its profits.

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Definitions:

Molting

The shedding and replacement of an outer covering such as an exoskeleton.

Islets of Langerhans

The endocrine portion of the pancreas that secretes glucagon and insulin, hormones that regulate the concentration of glucose in the blood.

Insulin

Insulin is a hormone produced by the pancreas that regulates blood glucose levels by facilitating the uptake of glucose into tissues.

Beta Cells

Pancreatic cells that secrete insulin.