The commonly accepted overall financial objective of business can best be summed up as:
A)satisfying everyone within the organisation.
B)promoting good corporate relations.
C)enhancing wealth.
D)stabilising profit.

Question

Quizplus · Accepted Answer

The commonly accepted overall financial objective of business is to enhance wealth, which refers to increasing the value of the business for its owners/shareholders. This is achieved by generating profits and increasing the value of assets over time. While satisfying everyone in the organisation and promoting good corporate relations are important, they are not the primary financial objectives of a business. Stabilising profit may be a short-term goal, but it is not a long-term financial objective.

The Commonly Accepted Overall Financial Objective of Business Can Best