Question

Tangible goal of earning profit is the sole objective of business. (State with reason whether the given statement is true or false)

Answer 1

The given statement is True to the extent that the tangible goal for any business in the long term is generating substantial profits to ensure the financial stability of the firm.

Profits and revenue are the only sources of incoming cash assets for the firm apart from the capital invested initially.

The goal set for business should be very strong so that the profit earned by acheiving the goal can be high .

The main aim of business is earn profit.Hence the given statement is true.

Answer 2

Answer:

FALSE

BECAUSE

Explanation:

the only motive is not to earn profit but also to contribute to our society, government and do some social work to our society because we earn for this society so some part contribute to this .