Which of the Following Statements Is Not Correct

question 27

Multiple Choice

Which of the following statements is not correct?

• A)Social and environmental concerns now have to be taken seriously by business.
• B)It is no longer sufficient for business to be focused solely on the maximisation of wealth.
• C)All businesses currently accept that sustainability is the primary goal.
• D)There is increasing pressure for management to address a much broader range of issues than in the past.

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Definitions:

Joint Cost

The cost of the input and process that yields two or more products in fixed proportions as a result. For example, the cost of the barrel of oil and of splitting it into gasoline and motor oil is a joint cost.

Service Departments

Refers to the divisions or units within an organization that provide support services to the production or operational departments rather than directly producing goods or services.