The Objective of Profit Maximization

question 55

Multiple Choice

The objective of profit maximization

• A) should be the only goal of an organization.
• B) is an objective of financial accounting but not managerial accounting.
• C) should be achieved through legal and ethical means.
• D) should outweigh the goal of product quality.

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

Intelligence Quotient

A measure of a person's intelligence as indicated by an intelligence test, expressed as a ratio of the individual's mental age to their chronological age, multiplied by 100.

Context

The situation or circumstances surrounding a behavior. Context is what gives behavior its meaning and is the determinant as to whether behavior is viewed as appropriate or inappropriate.

Mental "Illness"

A broad range of mental health conditions that affect mood, thinking, and behavior, often diagnosed based on patterns of symptoms.