The Goal of Most Business Firms Is To

question 113

Multiple Choice

The goal of most business firms is to:

• A) Maximize total revenue.
• B) Maximize total profit.
• C) Maximize both total revenue and total profit at the same time.
• D) Produce as much output as possible.

---

Definitions:

Minor

A person under the age at which they legally become an adult, often less than 18 years old.

Disaffirm

The legal right to renounce or void a contract or agreement, especially in cases involving minors or misrepresentation.

Existence

The state or fact of living, being present, or being real.

Mentally Incompetent Persons

Individuals who are legally recognized as unable to make certain types of decisions for themselves due to mental disability or illness.