The Basic Objective of a Firm Should Be To

question 121

Multiple Choice

The basic objective of a firm should be to:

• A) engage in some specific business activity that will perform a socially and economically useful function.
• B) develop an organization to carry on the business and implement its strategies.
• C) earn enough profit to survive.
• D) All of the above.
• E) Only B and C above.

---

Definitions:

Federal Government

The national government of a federated state, which typically has specific powers delegated to it by a constitution, distinct from regional or local governments.

Privatization

The act of shifting control and ownership of a company, institution, agency, or governmental service to private entities or individuals.

Government Services

Services provided by the government to meet the needs of its citizens, including education, healthcare, transportation, and public safety.

Local Level

Pertaining to governance, decision-making, or implementation that occurs at the most immediate, community-based part of society, such as cities or towns.