The Purpose of Business Is to Make a Profit

question 96

True/False

The purpose of business is to make a profit.

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Definitions:

Major Disadvantage

A significant or principal drawback that adversely affects the effectiveness, efficiency, or desirability of an object, system, or method.

Ethical Lapses

Failures to act in an ethical manner, often resulting in behavior that is morally or professionally wrong.

Criminal Prosecution

The legal process in which an individual is charged with a crime by the government and faces trial and judgment.

Civil Prosecution

A legal process initiated by a private individual or entity, rather than by the state, to seek remedy or damages for a breach of civil law.