______ Is Essential Because It Serves as a Primary Incentive

question 171

Multiple Choice

______ is essential because it serves as a primary incentive for people to start companies, expand them, and provide consistently high-quality competitive goods and services.

• A) Vision
• B) Profit
• C) Market research
• D) Philanthropy

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Definitions:

FASB

The Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards in the United States.

Federal Trade Commission

The Federal Trade Commission is a U.S. federal agency tasked with protecting consumers and ensuring a strong competitive market by enforcing antitrust and consumer protection laws.

American Association of CPAs

A professional organization in the United States that sets ethical standards for Certified Public Accountants and offers training and certification.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed in the business within one year or within the business's operating cycle, whichever is longer.