The Most Commonly Accepted Objective for a Firm Is

question 162

Multiple Choice

The most commonly accepted objective for a firm is

• A) to stay in business at all cost.
• B) to maximize total revenue.
• C) to maximize economic profit.
• D) to minimize the variable cost outlay.

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Definitions:

Biological Factors

Refers to the genetic, neurological, and physical conditions that affect an individual's development and behavior.

Diathesis-stress Model

A psychological theory that explains behavior as a predispositional vulnerability together with stress from life experiences.

Mental Disorders

Conditions characterized by disturbances in a person's thoughts, emotions, or behavior.

Predisposition

A natural inclination or tendency to behave in a certain way or to develop a particular condition based on genetic or environmental factors.