All of the Following Statements Are Correct EXCEPT

question 40

Multiple Choice

All of the following statements are correct EXCEPT

• A) successful businesses seek to meet their social and ethical responsibilities.
• B) business is the economic pulse of a nation.
• C) business includes not-for-profit organizations that provide services to the public.
• D) business provides goods and services necessary to an economic system.

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Definitions:

Cash Paid

Money that a company spends during a period for operating activities, investments, and financing activities, excluding non-cash transactions.

Dividends to Stockholders

Payments made to shareholders out of a corporation's profits as a reward for investing in its shares.

Cash Paid for Wages

The amount of money disbursed by a company to its employees as compensation for labor.