Which of these is a reason why achieving the maximum possible profit in a particular year may not be in the best interests of a business?
A) Concentrating on the short-term may have detrimental effects in the long-term.
B) It may be achieved by causing environmental problems, which give the business a bad reputation.
C) If it is achieved with high-risk strategies, such as excessive reliance on borrowings, it could lead to disaster in the longer term.
D) All of the above.
Correct Answer:
Verified
Q13: What is the primary goal of management
Q14: The best explanation of relevance is:
A)ensuring the
Q15: Which statement is correct?
A)Financial reports are prepared
Q16: Which of these groups is a user
Q17: The main source of information for shareholders
Q19: Standardised formats are most relevant to:
A)departmental reports.
B)management
Q20: Which group of users is most likely
Q21: The accounting report that is specifically designed
Q22: How frequently is the set of financial
Q23: The statement concerning differences between financial and
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