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State with Reason Whether the Following Statements Are True Or False. - Organisation of Commerce and Management

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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 

MCQ
True or False
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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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Role of Environment Protection and Business
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Chapter 4: Social Responsibility of Business - True or False [Page 123]

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Micheal Vaz Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 4 Social Responsibility of Business
True or False | Q 2 | Page 123
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