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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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