Economics Multiple Choice Question – 15 August 2017

Economics

Which ONE of the following economic agents is most likely to desire profit maximisation within a firm?

Select ONE answer:

  1. The managers
  2. The customers
  3. The local government
  4. The owners
  5. The press

Give 3 alternative ‘aims’ of firms?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 4 – Usually, in economics, we assume firms are concerned with maximising profit. Higher profit means higher dividends for shareholders.

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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