BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Select the most appropriate answer:The appropriate objective of an enterprise is
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Maximisation of sales
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Maximisation of owner’s wealth
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Maximisation of profit
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Explanation:
Detailed explanation-1: -Profit Maximisation: In the conventional theory of the firm, the principal objective of a business firm is profit maximisation.
Detailed explanation-2: -The appropriate objective of an enterprise is. Note : Ans : Maximisation of business wealth (Wealth maximisation is the concept of increasing the value of the business in order to increase the value of the shares held by shareholders, therefore it is an objective of enterprise.)
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