Which of the Following Objectives of a Business Is the Most

question 174

Multiple Choice

Which of the following objectives of a business is the most important?

• A) To engage in some specific business activity which will perform a socially and economically useful function.
• B) To develop an organization to carry on the business and implement its strategies.
• C) To earn enough profit to survive.
• D) All three of these objectives are equally important, because a failure in any one could lead to a total failure of the business.

---

Definitions:

Trade Deficit

The situation when a country imports more than it exports.

Economic Dependency

The condition of relying heavily on another economy for support, goods, services, or financial aid.

Income Distribution

How a nation’s total GDP is distributed amongst its population, affecting economic inequality.

Global South

A term used to describe countries considered lower-income and predominantly situated in the Southern Hemisphere, often focusing on their development challenges.