The Pricing Objective of Maximizing Profits

question 53

Multiple Choice

The pricing objective of maximizing profits

• A)has not been affected by other,more socially focused concerns.
• B)is to be implemented under any and all circumstances.
• C)has not always been considered the underlying objective of any pricing policy.
• D)must be considered when determining the price needed to increase market share.

---

Definitions:

General Ledger

An exhaustive list of every financial transaction made by a company during its history, categorized by accounts.

Canceled Checks

Checks that have been paid by the bank and voided, serving as proof that payment was made.

Negotiable

Capable of being bought, sold, or transferred to another party through endorsement or delivery.

Journal Entry

A basic record documenting a business transaction in an accounting system, used to transfer information to financial statements.