Principal aim of business firms in market system

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Reference no: EM132282712

1. The principal aim of business firms in a market system is to maximize the__________.

number of jobs available to people

number of products available

return on investment

amount of money for future investment

2. The simplest definition of efficiency is

obtaining the greatest output with the least input

obtaining the greatest input with the least output

3. According to the text, what is considered one of the most common violations of business ethics?

theft of service

sexual harassment

fraud

4. Although buyers and sellers in market exchanges have no duty to consider the other party's interest, they still have an obligation of basic morality toward each other.

True

False

Reference no: EM132282712

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