BIOL 2070 Lecture Notes - Lecture 4: Retained Earnings, Walmart, Strategic Planning
20 Nov 2018
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Student: __________________________________________________________________________: any activity which seeks to earn a profit by providing a good or service is known as a(n), industry, corporation, business, service. In fact, taste tests suggest that the candy itself, while quite good, isn"t much better than other well-known brands of chocolate. True false: the goal of business activities is profit. True false: nonprofit organizations such as the canadian cancer society do not engage in management, marketing, or finance activities. True false: profit is what it costs to make and sell a product. True false: businesses have the right to keep and use their profits as they choose, without limitations. True false: a manager is an individual who assumes the risk of starting a business. True false: if a business" costs and expenses are greater than its revenue, it will suffer a loss. True false: well-managed businesses will grow and prosper regardless of the business environment in which they operate.
