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Final Exam BUS 458 Fall 2020
Exam (elaborations) • 8
pages
• 2021
1. The primary goal of a business firm is to _________________.

A. promote fairness.

B. make a quality product.

C. promote workforce job satisfaction.

D. maximize profit.

2. John fishes for a living. Last year, he sold $100,000 of fish. Bait, nets and other fishing

supplies cost John $10,000 and he paid $40,000 in salaries to his helpers. Depreciation on his

boat and other equipment, as calculated using IRS rules, was $15,000. What was John's profit as

would be calculated by an accou...
Final Exam BUS 458 Fall 2020
Last document update:
ago
1. The primary goal of a business firm is to _________________.

A. promote fairness.

B. make a quality product.

C. promote workforce job satisfaction.

D. maximize profit.

2. John fishes for a living. Last year, he sold $100,000 of fish. Bait, nets and other fishing

supplies cost John $10,000 and he paid $40,000 in salaries to his helpers. Depreciation on his

boat and other equipment, as calculated using IRS rules, was $15,000. What was John's profit as

would be calculated by an accou...