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Profit goal of business in free enterprise system

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Reference no: EM131228821

The owner of a small business felt an obligation to pay $15,000 to a subcontractor, even though, because of an oversight, the subcontractor had never submitted a bill. Can willingness to pay under these circumstances be reconciled with the profit goal of a business in a free enterprise system? Explain your answer.

Reference no: EM131228821

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