The Basic Objective of a Firm Should Be To

question 85

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 these are basic objectives of a firm.

---

Definitions:

Intersectionality

A framework for understanding how various aspects of a person's social and political identities (race, gender, class, sexuality, etc.) combine to create different modes of discrimination and privilege.

Pan-Ethnic Groups

Broad categories that group together smaller ethnic groups based on common cultural, geographic, or racial traits.

Institutional Racism

A form of racism embedded in the laws, policies, and practices of social and governmental institutions, resulting in discrimination against certain racial groups.

Structural Racism

A form of racism embedded in the legal system, political mechanisms, and social structures of a society, disproportionately disadvantaging racial minorities.