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.

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Definitions:

Observational Learning

Learning that occurs through observing the behavior of others.

Operant Conditioning

Operant Conditioning is a learning process through which the strength of a behavior is modified by reinforcement or punishment.

Stimulus Experience

The process of perceiving and responding to events or changes in the environment as stimuli.

Observational Learning

A learning process where individuals acquire new behaviors, skills, or attitudes by watching and imitating others.