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Question
State with reason whether the following statement is true or false.
Tangible goal of earning profit is the sole objective of business.
Options
True
False
Solution
Tangible goal of earning profit is the sole objective of business. False
Explanation:
Business units have tangible as well as intangible goals. Tangible goals include earning profit, business growth and higher productivity. Intangible goals include activities directed towards the welfare of the society.
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